Roger, an enterprising man, is 23 years old and single. He currently lives with his parents and two siblings. He is asking for a loan with the dream of purchasing the supplies and bags and seed in order to start a coffee tree seedling business, with the goal of harvesting part of the seedlings and selling the others to neighbors and to people in other communities nearby. The only limitation that this gentleman has is the lack of funds to begin the business. For that reason he is requesting a loan. This is the first loan that he has received from Kiva partner FUDECOSUR. He has not had any other loans from state banks, but FUDECOSUR has given him a loan with greater ease and the interest rate is much lower.
Roger, un hombre emprendedor , tiene 23 años de edad, esta soltero y vive con los padres y dos hermanos actualmente, el solicito un préstamo con el anhelo de comprar los insumos y bolsas y semilla para realizar un almacigo de café, con la finalidad de sembrar una parte y vender la otra a los vecinos y a personas de otras comunidades cercanas , la única delimitación que este caballero tiene es la falta de dinero para dicha actividad, por lo que él hace una solicitud de crédito , y es el primer préstamo que ha recibido de FUDECOSUR. El no registra 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.