Jaudin is an entrepreneurial man. He is 26 years old, married, and lives with his wife and son. He requested this loan to buy farm supplies such as fertilizers and insecticide sprays because he would like to tend to his coffee crops so that they will grow well and he will be able to harvest good-quality produce. The only obstacle facing this gentleman is a lack of money with which to continue growing the business on which he relies. This is why he is requesting a loan.
This is Jaudin's first loan from FUDECOSUR. He has not received any previous loans from state banks but FUDECOSUR have offered him this loan with better terms and a much lower interest rate.
Jaudin, un hombre emprendedor , tiene 26 años de edad, es casado y vive con su esposa y un hijo 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.