She wants a loan to buy livestock in order to sell them when they are grown for profit. The livestock business helps her and her family to get ahead.
It is the first time that María has borrowed through Fudecosur. She says that the credit committee has helped her a lot and has provided many amenities. She hopes that through the project she grows and achieves her goals so that in the future she can give her family a better quality of life and better financial stability.
This is the first loan she has received from Fodecosure. She has not had previous loans through state banks, but Fudecosure has provided a loan that was more feasible and a much lower 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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