Víctor is 69-years old, married and lives with his wife. He plans to use the loan to purchase some pigs and some feed to fatten them up. He has some pigs already, and his plan is to give them concentrated feed to fatten them up more quickly. He wants his animals to get to an ideal weight to sell them at the market or in neighboring areas. He wants to earn as much profit as possible for his and his parents' well-being. He wants to grow his pig-raising business. This is the first loan he has received from FUDECOSUR. Victor has not previously taken out other loans from state banks, but FUDECOSUR has offered him the loan at better terms and a much lower interest rate.
Víctor, tiene la edad 69 de años, está casado y vive con la esposa. El pretende con el crédito realizar la compra de unos cerdos y el concentrado para el engorde de cerdos. El cuenta con varios cerdos a su poder y lo que pretende es darle alimentación con concentrado para su engorde más rápido. El quiere tener sus animales con el peso ideal para su posterior venta en el mercado de la localidad o lugares aledaños. El quiere generar la mayor cantidad de ganancias para su bienestar y la de sus padres y crecer con le proyecto de cría de cerdos. 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.