José is trying to benefit from the good climatic conditions and soil of the area, as well as his many years' experience growing basic grains. He also wishes to buy the best products and of the best quality so that his fields will be productive and healthy and the harvest good.
With the money he earns from the harvest he wants to use it for the well being of his family, achieve some family goals, and continue investing in his farm. This is José's first loan with FUDECOSUR. He has not had any loans previously with state banks, but FUDECOSUR offered him a loan with good terms and low interest rates.
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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