A loan of $825 helped to buy 2 milk cows.

Melciades Daniel's story

Melciades Daniel Marín Chacón, 42, is single and has 6 children who are his main priority. He wants to buy some milk cows to keep in his mother's pasture. He will use the milk for his family's personal consumption and also to sell to generate earnings to support the household. He thinks about the future of his family; he will buy these cows to use so that he can support his family. He wants to invest in this activity because he has experience in this area.

This is the first loan that he has received from FUDECOSUR. He had not had other loans prior to this from state banks. FUDECOSUR has provided him with a loan that has easier payment terms and a much lower rate of interest than those offered by the state banks.

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Translated from Spanish by Kiva volunteer Lisa Grobar

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Loan details