Elio is 49 years old, single and lives with his parents. He wants the loan to assist with a property with multiple purposes , which has pastures, coffee and agriculture. He wants assistance with these activities through more resources since they have few economic resources. He has worked with his family in cultivating basic staple foods along with livestock. This is his first loan with Fudecosur. He has not had any other loans in state banks, but Fudecosur has offered the loan more easily and the interest rate much lower.
Elio tiene 49 años de edad, está soltero y vive con los padres. El crédito lo quiere para asistir una propiedad de doble propósito la cual tiene potreros, café y agricultura. El quiere asistir estas actividades con un poco mas de recursos debido a que ellos son de bajos recursos económicos. El se ha dedicado con su familia al cultivo de granos básicos complementado con la ganadería. 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.