Eliecer is 45 years old and married. He lives with his 3 children and his wife who are his main priority. With the loan, he intends to buy a milking machine for a little dairy he owns. For several years he has earned a living with livestock which is why he decided to implement his project with this new idea of the dairy. He thinks that with this new project he will generate maximum earnings to stabilize his financial situation and at the same time also to generate the loan payments. He hopes to be able to improve the quality of life for his children and wife and to have savings for the future. This is his first loan that he has received from FUDECOSUR. He has not had other loans before from state banks, but FUDECOSUR has provided him the loan with the best terms and the lowest interest rate.
Eliecer, tiene la edad de 45 años, está casado, vive con sus 3 hijos y su esposa que son su mayor prioridad. El con el crédito pretende comprar una maquina de ordeño para una pequeña lechería que posee. El se dedica desde hace varios años a la ganadería y por lo cual decidió implementar en su proyecto esta nueva idea de la lechería. El tiene pensado con este nuevo proyecto generar el máximo de las ganancias para estabilizar su economía y a su vez también ir generando los pagos de su crédito. El espera poder mejor la calidad de vida de sus hijos y esposa y tener para su futuro un ahorro. 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.