Gerardo, 60, is married and lives with his wife and one daughter. With this loan he plans to buy inputs like compost, fumigants, and also labor to help him. He hopes to maintain his plantations so that they don't suffer any damage and he doesn't lose any of his production, which will let him generate more income from his coffee farm to contribute to his family. He doesn't have enough capital to buy the aforementioned products since he is low income and doesn't have any way to get the money. For that reason he asked for his first loan from FUDECOSUR. He hasn't had loans before from state banks, but FUDECOSUR has given him a loan more easily and with a much lower interest rate.
Gerardo tiene 60 años de edad, esta casado y vive con la esposa y una hija actualmente. El con crédito pretende comprar insumos como abonos, fumigantes, y a su vez ayudarse con la mano de obra. El piensa dar mantenimiento a las plantaciones, para que este no sufra ningún daño, y no se pierda la producción, y así con su proyecto cafetalero poder generar más ganancias para contribuir con su familia, el no cuenta con el capital necesario para dicha compra, ya que es de bajos recursos y no tiene como adquirir el dinero necesario para esto, por lo que el solicito un crédito, y es el primer préstamo que ha 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.