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Freddy Gerardo
Freddy Gerardo A. Borbón, 47, is married and has three children who are his main priority in life. He wants to buy some machines, like drills and a welding machine among others, he needs for housing construction. He has been in the housing construction business for several years and does quite well so he wants to invest in new machinery.

This is his first loan from FUDECOSUR. He has no problems with his business and wants to increase the number of machines he owns in order to do the jobs more easily. He also wants his small construction firm to stay in business generating more work offers for profit.

He has had no other loans with state banking institutions. FUDECOSUR has offered the best terms and the lowest interest rates.

He also hopes for personal growth and for the growth of his small firm so that he can generate more income for his own and his family’s wellbeing.
View original language description ↓
Freddy Gerardo A. Borbón, tiene la edad de 47 años, está casado, y tiene 3 hijos que son su mayor prioridad. El quiere comprar maquinas que le faltan para la construcción de viviendas, como son el taladro, maquina de soldadura entre otras. Tiene varios años que él se ha dedicado a la construcción de casas y le va muy bien en su negocio por lo cual quiere invertir en esas nuevas maquinas. Es el primer préstamo que ha recibido de FUDECOSUR. El no tiene problemas con su negocio pero si quiere aumentar las maquinas a su posesión para poder desempeñar trabajos con mayor facilidad, también tiene el deseo de seguir con su pequeño negocio y seguir creciendo con su pequeña constructora a su vez generar más ofertas de trabajo para su ganancia. También el no ha realizados otros préstamos en bancos estatales, pero FUDECOSUR le ha brindado el préstamo con mayores facilidades y la tasa de intereses mucho más bajas. El también tiene el deseo de superación, tanto personal como el crecimiento de su pequeña empresa para poder llegar a generar más ingresos para su bienestar propio y de su familia.

Additional Information

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.

About Costa Rica

  • $12,900
    Average annual income
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,438,125
    Funds lent in using Kiva
  • 507.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Freddy Gerardo for construction tools.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 26, 2010
Listed
Nov 19, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012