This livestock business will help him and his family to succeed. He says that the loan committee has helped him very much and they have offered him plenty of flexibility. He hopes that he will grow and achieve his goals with this project, and that in the future he will be able to offer his family a better quality of life and greater financial stability.
This is the first loan he has received from FUDECOSUR. He had not had any previous loans with state banks, but FUDECOSUR has offered him a loan with greater flexibility and 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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