Stallin is 27 years old, married, and lives with his wife. He will use the money from this loan to buy a motorcycle to ride to work. He plans to buy a vehicle to be able to continue working, now that he has to travel many kilometers from home. The bus routes are scarce and it makes travel difficult. This will be his first loan through FUDECOSUR. He has not had any previous loans through state banks, but FUDECOSUR has provided the loan with great ease and at much lower interest rates.
Stallin, tiene la edad de 27 años, está casado, vive con la esposa actualmente. El con el crédito pretende comprar una motocicleta para transportarse al trabajo. El tiene pensado comprar el vehículo para poder seguir en el trabajo ya que tiene que viajar muchos kilómetros de la casa al trabajo y las rutas de los buses son muy escasas por lo que se le hace muy difícil transportarse. Es el primer préstamo que recibido de FUDECOSUR. El no había tenido antes otros préstamos en bancos estatales, pero FUDECOSUR le ha brindado el préstamo con mayores facilidades y la tasa de intereses mucho más baja.
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.
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.