Luis Angel is 21, lives in a common-law marriage, and has no children. He wants to treat his plantings and buy supplies and fertilizer. He has worked his farmland for several years, and he wants to grow his business and make the land more productive. This is his second loan cycle with FUDECOSUR. Though he has never had state or cooperative loans, FUDECOSUR offered him excellent terms and very low interest rates. He also hopes to improve his and his partner's standard of living.
Luis Angel, tiene la edad de 21 años, vive en un unión libre y no tiene hijos. El quiere asistir área que tiene sembrada, comprar insumos y abono. Tiene varios años que se dedica a su finca y quiere crecer y también desea que su finca sea muy productiva. Es el segundo préstamo que ha recibido de FUDECOSUR. No ha realizado otros préstamos en bancos estatales o Cooperativas, pero FUDECOSUR le brindó el préstamo con mayores facilidades y la tasa de interés es mucho más baja. El también tiene el deseo de brindarle a su compañera mejor calidad de vida y para él también.
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.