Alberto, an enterprising farmer, is 47 years old. He is married and lives with his wife and their three children. He asks for a loan in order to buy supplies such as manure in order to sow rice and broad beans. His crops need constant tending during their development if he wants to reap quality produce. The only obstacle to his continued growth is the lack of funds. This is why he asks for a loan, as his crops are his family's livelihood. This is Alberto's first loan with field partner FUDECOSUR. He never took out a loan in a government bank but chose FUDECOSUR directly because they provide loans more easily and with much lower interest rates.
Alberto, un hombre emprendedor , tiene 47 años de edad, es casado y vive con su esposa tres hijos actualmente, el solicito un préstamo con el anhelo de comprar insumos como abonos, para la siembra de arroz y frijoles , el desea dar asistencia a los cultivos , 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.