With his loan he plans to buy materials for his photocopying work that are indispensable for giving his customers good service. He hopes to be able to acquire good-quality materials so he has everything he needs to give the users the work they want quickly. Also, he'll make the most of his years of experience, continue with his current customers, and increase his clientele and his services, as well as keep adding new ones.
His store is located in a highly commercial area and there's no competition in the same line of work. It's the first loan he has received from FUDECOSUR. He had not had other loans from state banks, but FUDECOSUR offered him a 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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This loan has been fully funded!