He intends to take advantage of the good climate and ground conditions that he counts on for his crop, and to also put into practice his several years experience in handling basic grains.
Furthermore, he will be able to buy the best products of the best quality so that his plantation has good development and health, and so that he has good production in the short-term. With the profits from the harvest that he hopes to make, he will invest in the well-being and studies of his family, meet some family goals, and continue investing more in his crops.
This is the first loan that he receives from FUDECOSUR. He has not had other loans from state-owned banks, but FUDECOSUR has offered him a loan with greater ease and at 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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This loan has been fully funded!