Daniel is 47 years old. He is married and lives with his wife and four children. He lives in Santa Marta. He wants a loan to buy cattle for two purposes, to raise and for milk. He wants to increase his herd of animals a little, in order to have more possibilities of selling more young cattle. With his family he has worked in raising basic grains, complemented by livestock raising. This is the first loan that he will receive from FUDECOSUR. He has not had any previous loans from state banks, but FUDECOSUR has offered him the loan with better payment terms and a much lower interest rate.
Daniel tiene 47 años de edad, es casado, y vive con la esposa y cuatro hijos . El vive en santa marta . El crédito lo quiere para la compra de vacas doble prosito, para cría y leche. El quiere aumentar un poco la cantidad de animales, para tener más posibilidad de vender más crías. 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.