Candido is 80 years old and married. He lives with his wife. He wants the loan in order to put it towards a chilli pepper plantation he wants to start and buy compost. He wants to maintain his crops well so that he has better output and greater earnings. He hopes to give his family a better quality of life and better economic stability in the future, and to be able to continue growing as a person and as a producer. This is the first loan he has received from FUDECOSUR. He has had no other loans with state banks, but FUDECOSUR has extended the loan to him on more agreeable terms and with a much lower interest rate.
Candido tiene la edad de 80 años, está casado y vive con la esposa. El crédito lo quiere para la compra de abono y dar asistencia a una plantación de chile que quieren iniciar. 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.