He intends to take advantage of the good weather and soil conditions for this crop. He will also put into practice his many years of experience in the management of basic grains. He will also be able to buy the best products and the best quality products. He will do this so that his fields develop well, are healthy, and have an adequate short term production.
He will use the income from the harvest that he hopes to get for the well-being and education of his family. He will also meet some family goals and continue investing more in the crops.
This is the first loan he has received from FUDECOSUR. He has not had any other previous loans with state banks. FUDESCOSUR gave him the loan with better terms and a much lower interest rate.
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.
About FUDECOSUR: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.
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Success!! The loan was 100% repaid