Arcadio is an enterprising individual. He is 63 years old, married, and lives with his wife. He is requesting a loan because he wants to buy supplies such as compost and fumigants, to help his coffee crop so that it remains in good condition as it grows and so he obtains a high quality product. The only restriction this gentleman faces is his lack of money to keep growing, because they rely on this economic activity to succeed. For this reason, he is requesting a loan. This is his first loan with FUDECOSUR, and he has never taken out other loans with state banks. It is easier for him to get a loan with FUDECOSUR and the interest rate is much lower.
Arcadio, un hombre emprendedor , tiene 63 años de edad, es casado y vive con su esposa actualmente, el solicito un préstamo con el anhelo de comprar insumos como abonos, y fumigantes, el desea dar asistencia a los cultivos de café, con la finalidad de mantenerlas en buenas condiciones durante su desarrollo, para obtener un producto de buena calidad , la única delimitación que este caballero tiene es la falta de dinero para continuar creciendo, ya que de esta actividad económica dependen para poder salir adelante, 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.