Alexis requested a loan to buy some tools to take care of his coffee crops.
He's going to keep the crops in good condition during the growing season so he can get a good quality product. His only limitation is he lacks the money to keep on growing.
They depend on this job to be able to get ahead, so he's requesting a loan. It's the first loan he has received from FUDECOSUR. He doesn't have other loans with state banks, but FUDECOSUR offered him a loan with the best terms and 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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