Oscar Andrés is 18 years old, single and lives with his parents. He works on his father’s coffee farm and he needs a motorcycle for transportation because the farm is far from their home. He has been farming for several years now and he wants the farm to grow and become very productive. This is his first loan with FUDECOSUR. He has not had any other loans through state or communal banks, but FUDESCOSUR has given him a loan with an easy payment plan and a much lower interest rate. He would like to provide a better quality of life for himself and his family.
Oscar Andrés, tiene la edad de 18 años, es soltero y vive con sus padres. El necesita la moto para trasladarse a la finca de café que tiene su padre que está lejos de su casa. El trabaja con su padre. Tiene varios años que se dedica a la finca y quiere crecer y también desea que la finca sea muy productiva. Es el primer 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 familia 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.