Her objective for doing this is to increase the density of the plants in the area. She will also take advantage of the ground’s good fertility, the climate conditions, and other factors that favor the coffee crop. With these crop improvements, she hopes to get a little profit. This way she will improve her family’s living conditions. She will also invest a little more in the crop area and also fulfill some goals.
This is the first loan she has received from FUDECOSUR. She has not had any other loans from state banks. FUDECOSUR has provided a loan with easier terms 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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