He depends on the soil and wants to resow the most damaged areas to increase the next harvest. He wants to become a bigger coffee grower in the area.
With these improvements he aims to increase coffee production and also generate income in order to keep moving ahead and improve his well being.
This is the first loan he receives from FUDECOSUR. He has no previous state-run bank loans. FUDECOSUR easily gave him a loan with a low 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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