She wants the loan to buy cattle to raise, which she will sell for a profit when they are large. The livestock business will help her and her family get ahead.
This is the first time María has financed with FUDECOSUR. She says the credit committee has helped her very much and provided many facilities.
She hopes that this project can grow and achieve her goals so she can provide a better quality of life for her family in the future as well as improved economic stability.
This is her first loan from FUDECOSUR. She has not had any other loans from local banks, but FUDECOSUR has offered her a loan much more easily and with lower interest rates.
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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