Blanca Rosa is married and is 50 years old. She lives with her husband and children. With the loan, she intends to buy supplies such as manure and insecticide in order to maintain her crops in good condition. She has had this land for several years, and it is currently in an unfavorable condition for harvest. Because of this, she wants to improve it for this next year, increase its production, and increase her income by selling her coffee in order to assist with her household's comfort and lighten the responsibilities of the head of the household. This is the third loan that she has received from FUDECOSUR. She has not had other loans at state banks, but FUDECOSUR has provided the loan to her on easier terms and at a much lower interest rate.
Blanca Rosa, está casada, tiene la edad de 50 años y vive con su esposo e hijos. Ella con el crédito pretende comprar los insumos como el abono y los plaguicidas para mantener su cultivo en buenas condiciones de producción. Ella tienen varios años de tener este terreno y actualmente se encuentra en condiciones desfavorables de cosecha por lo cual quiere mejorarlo para este próximo año aumentar su producción y con la venta de su café aumentar sus ingresos para ayudar al bienestar de su hogar y alivianar las responsabilidades del jefe de hogar. Es el tercer préstamo que recibido de FUDECOSUR. Ella 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.