A loan helped plant beans.


Miguel's story

Miguel, age 54, is married and lives with his wife and children, who are his highest priority. With this loan, he will buy fertilizers and other products that he will apply at planting time to assure a good germination. He will also buy high quality bean seeds that take well to the soil conditions and fertility. Finally, he will pay the labor costs that he requires to prepare the land, apply the products, and do the planting after the land is ready. This will help him to ensure the job is well done. He hopes to take advantage of the good climate and soil conditions in his area for the planting and also take advantage of his years of experience managing staple grains.

Apart from being able to buy the highest quality products so that his crop will be both well developed and healthy and produce a bountiful harvest, he also hopes for a good production in the short term. He hopes to apply the income from this harvest for the well being and education of his families, as well as meet other family goals and continue investing in his cultivation. This is his first loan from FUDECOSUR. He hasn't had many loans before from state banks, but FUDECOSUR has provided him a loan with greater features and much lower interest rates.

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Translated from Spanish by Kiva volunteer Shannon Skoglund.



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