Antonio is 29 and lives with his wife and daughter, who are his number one priority. The loan will be used to buy supplies for his coffee plantation; he will buy manure and pesticide and weed killer, which he needs to keep his crop in good condition. The plot of land he owns is perfect for his project and his plantation is doing well and so he thinks he can tend it so as to boost his production this year. His goal is to increase his earnings in these difficult times and to provide a better quality of life for his family. This is his first loan from FUDECOSUR. He has already had other loans from state banks, but FUNDECOSUR has granted him a loan with better loan facilities and a much lower interest rate.
Antonio, está casado, tiene la edad de 29 y vive con su esposa e hija que son su mayor prioridad. El con el crédito va comprar los insumos para la asistencia de su cafetal, el comprara abonos, plaguicidas y herbicidas necesarias para mantener su cultivo en buenas condiciones. El cuenta con un terreno apto para esta explotación de proyecto y su plantación esta en etapas regulares por lo cual es que piensa asistirlo para aumentar su producción para este año. El tiene como meta llegar a generar más ganancias económicas para estos tiempos tan difíciles y poder brindarle a su familia una mejor calidad de vida. Es el primer préstamo que recibido de FUDECOSUR. El ya 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.