A loan of $1,025 helped to buy agricultural supplies.

Alamar's story

Alamar is 56 years old, married and lives with his wife. With the loan, he intends to buy agricultural supplies such as fertilizers, pest-control sprays, and at the same time hire laborers to help him.

He plans to maintain his plantings so that they won't suffer any damage, and production won't be lost. This way, with his coffee-growing project he will be able to generate more income to contribute to his family.

He doesn't have the necessary capital for this purchase nor for this hiring, as he is a low-income person and does not have the means to acquire the money necessary for this. So he applied for a loan. This is the first loan he has received from Fudecosur. He had not had other loans before from regular banks, but Fudecosur has offered him a loan with better terms and at a much lower interest rate.

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Translated from Spanish by Kiva volunteer Jeff Goldie

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