Randal, 39, is married and lives with his wife. He is soliciting a loan to buy fertilizer and maintain a coffee plantation. He'd like to provide adequate maintenance to his crop so in order to improve production and thus increase his income. He hopes that in the future he can provide his family a better quality of life and a stable economic situation, as well as continue to grow as a person and as a producer. This is his first loan with FUDECOSUR. He has not applied for any loans with a state bank, but he is able to obtain one with FUDECOSUR more easily and with a lower interest rate.
Randal tiene la edad de 39 años, está casado y vive con la esposa. El crédito lo quiere para la compra de abono y dar asistencia a una plantación de cafe. El desea darle el adecuado mantenimiento al cultivo para que este le permita tener una mayor producción y así tener mayores ingresos económicos. El espera en un futuro brindarle a su familia una mejor calidad de vida y una mayor estabilidad económica, y de poder seguir creciendo como persona y como productor. Es el primer préstamo que recibido de FUDECOSUR. El no había tenido antes 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.