He hopes to take advantage of the good climate and soil which he has access to for this crop and also would like to put in practice his experience planting basic grains for several years. He wil also be able to buy better and higher quality products so that his crops develop well and safely so that he can soon has an adequate harvest.
With the earnings from the harvest he hopes to obtain he will invest in the well-being and education of his family and fulfill a few family goals while continuing to invest in his crops. This is his first loan that he has received from FUDECOSUR. He has not had other loans in state banks but FUDECOSUR has brought forth this loan with ease and lower interest rates.
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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