What he hope to do is take advantage of good climatic and soil conditions for this crop, and also put into practice many years of experience in managing these plants. In addition to being able to buy the best products and of the best quality so that his farm grows well and healthy, in the short term he will have adequate yield.
He will use the income from the harvest that he hopes to get for the wellbeing of his family, to achieve some family goals and to continue investing more in the crops.
This is the first loan that he has received from FUDECOSUR. He has not had previous loans with state banks, but FUDECOSUR has offered him the loan with better terms and at much 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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This loan has been fully funded!