Currently he is asking for a loan to buy supplies such as fertilizers and fumigants. He wants to aide the coffee plants with the goal of keeping them in good condition during their development, in order to obtain a good quality product.
The only limit this gentleman has is his lack of money to continue growing. He depends on this economic activity in order to get ahead. This is why he is asking for a loan.
This is the first loan he has received from FUDECOSUR. He does not have other loans with state banks but FUDECOSUR has easily provided him a loan with low 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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