Rosa intends is to take advantage of the good climate and soil conditions the zone enjoys for the crop and, also, to put in practice her experience of various years in managing basic grains. In addition to being able to buy products of the best quality to assure that her plantings may have a good and healthy development and an adequate production, she hopes for an important harvest in the short run.
The income Rosa expects to obtain from the harvest will be utilized for her family's well-being and the education of her children, and to comply with other family goals, plus continue investing in her crops.
This is Rosa's 1st loan through FUDECOSUR. She has had no previous loans from state banks, but FUDECOSUR has offered her the loan under the best terms and at a much lower interest rate.
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.
About FUDECOSUR: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.
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