Eliecer is requesting a loan so that he can buy supplies, such as fumigants and herbicides. He wants to maintain his coffee crops so that they will stay in good condition and yield a product that is suitable for sale. This farmer has put forth much effort and sacrifice to get his project to where it is today. Thanks to his dedication, he has achieved favorable results.
Eliecer is financially dependent on his business so that he can move forward. For this reason, he is requesting a loan, the first one he has received from FUDECOSUR. He has not received any other loans from the state banks and FUDECOSUR is providing this loan with better terms and a 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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Success!! The loan was 100% repaid