He wishes to help his coffee crops and to keep them in good condition throughout their development in order to get a good quality project. The only constraint that he has is the lack of money to keep growing since he and his family depend on this economic activity to get ahead. This is why he makes the request for credit.
It is the first loan he has received from FUDECOSUR. Roger is not looking for other loans at state banks, but FUDECOSUR has given him the loan with best terms and an interest rate that is much lower.
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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