Avelino is 48 years old. He is married and now lives with his wife and three children. He wants a loan to buy seeds and supplies and also to help him with labor to complete a planting of peppers. He wants to give appropriate maintenance to the crop so that this will allow him to have a better production and thus have better economic income. He hopes in the future to offer his children a better education and quality of life and a more stable economic situation, and to be able to continue growing as a person and as a producer. This is the first loan that he will receive from FUDECOSUR. He has not had any other previous loans from state banks, but FUDECOSUR has offered him the loan with a better payment plan and a much lower interest rate.
Avelino tiene la edad de 48 años, esta casado y vive con la esposa y tres hijos actualmente. El crédito lo quiere para la compra semilla e insumos y además ayudarse con la mano de obra dar para realizar una plantación de chile. El desea darle el adecuado mantenimiento al cultivo para que este le permita tener una mayor producción y así tener mayores ingresos económicos. El espera en un futuro brindarles a sus hijos una mejor educación y calidad de vida y una mayor estabilidad económica, y de poder seguir creciendo como persona y como productor. 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.