A loan of $925 helped to buy a cow to produce milk and calves.

Luis Miguel's story

Luis Miguel, age 18, is single and lives with his parents and brothers and sisters, who are his priority in life. With the loan he plans to buy a cow of good quality for producing milk. He will buy one which adapts well to the climate and type of fodder in his area and that can give birth to a good calf for further development. In this way he can increase milk production and the sale of calves to fatten. With the income gained, his plan is to keep investing in buying materials to improve the property, as well as increasing the quality and quantity of cows. With this loan he plans to do more.

This is the first loan Luis Miguel has receIved from FUDECOSUR. He has not had a loan from a state bank in the past, but FUDECOSUR is providing Luis Miguel the loan with better conditions and a much lower rate of interest.

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Translated from Spanish by Kiva volunteer Linda Heatherly

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Loan details