Carlos is married, 62 years old, and lives with his wife and his daughters who are his top priority. With the loan, he plans to buy inputs such as fertilizer and herbicides to improve his Xanthosoma sagittifolium (elephant ear) plantation. His land has already been sown and the plantation is growing. He plans to help it in order to be able to increase his production of elephant ear. He has as a goal to increase his profit and be able to provide his family with a better quality of life and prosperity. This is the first loan that he has received from FUDECOSUR. He had not had other loans before with state banks, but FUDECOSUR has provided him a loan with better terms and much lower interest rates.
Carlos, está casado, tiene la edad de 62 años y vive con su esposa e hijas que son su mayor prioridad. El con el crédito pretende comprar los insumos como abonos y herbicidas para mejorar su plantación de tiquizque. El cuenta con el terreno ya sembrado y la plantación está en crecimiento. El tiene pensado asistirla para así poder aumentar la producción de tiquizque. El tiene como meta aumentar sus ganancias y poder brindarle a su familia una mejor calidad de vida y prosperidad. 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.