He intends to take advantage of the good climate and soil and also put into practice his basic experience in farm management. Also, he will be able to buy better products of higher quality for his farm so that he can maintain the health of the farm and get a good harvest in the short term.
This is his first loan from FUDECOSUR. He has not taken other loans from state banks, but FUDECOSUR has enabled him to more easily obtain this loan and has given him 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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