William is 18, single, and currently lives with his parents. With his loan, he wants to buy a machine to clear the weeds from the coffee plantation and also a pump to spray the coffee. He wants to buy these things to keep the coffee in excellent condition and make it produce to be able to earn more income and achieve a better quality of life for himself and his parents. This is the first loan he has received from FUDECOSUR. He had not previously had any loans from state banks, but FUDECOSUR has given him a loan with greater ease and a much lower interest rate.
Willian, tiene la edad de 18 años, está soltero, vive con sus padres actualmente. Ella con el crédito pretende comprar una máquina para limpiar la maleza de la plantación de café y además una bomba para fumigar el café. El tiene pensado comprar estos instrumentos para mantener el café en excelente estado y así hacer que produzca para poder generar más ganancias y obtener una mejor calidad de vida para el y sus padres. Es el primer préstamo que recibido de FUDECOSUR. El no había tenido antes otros préstamos en bancos estatales, pero FUDECOSUR le ha brindado el préstamo con mayores facilidades y la tasa de intereses mucho más baja.
More information about this loan
FUDECOSUR works in one of the poorest regions of Costa Rica, where microfinance institutions (MFIs) are scarce or have a hard time keeping up with demand for small loans. By providing mostly agricultural loans, FUDECOSUR reaches rural borrowers that many MFIs consider to be too risky. However, this has also made it more difficult for the organization to find stable sources of capital to lend. Kiva's flexible, risk-tolerant capital plays a critical role in helping FUDECOSUR grow its portfolio and support even more borrowers.
The Foundation for the Development of Southern Communities (FUDECOSUR) is dedicated to economically empowering its clients by providing credit and training programs that help improve living conditions for micro-entrepreneurs and their children across Southern Costa Rica. You can learn more about this Field Partner at fudecosur.org.