With these improvements he hopes to make better profits and improve his family’s living conditions. He also hopes to be able to invest a little in his plantations and achieve some of his goals. This is the first loan he receives from FUDECOSUR. He had not received loans from state-owned banks before, but FUDECOSUR granted him a loan more easily and with 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.
About Costa Rica
0View loans »
Success!! The loan was 100% repaid