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Froy
Froy B. O. is from Cartagena; he is the owner of the most well-known cabinetmaking shop in the community of Cimarrón.

When he married, he started to work with his father-in-law making furniture, and after some time he started his own business. Now he has almost all of the tools that he needs, except he still lacks an industrial grade shop vacuum. For this reason, he is requesting a loan of 500,000 Costa Rican colones, so that he can buy this equipment to use in his business.

Froy is a member of the "Nuevas Esperanzas para Cimarrón" Communal Finance Institution, one the 100 organizations that are members of EDESA in Costa Rica.
View original language description ↓
Froy B. O. es de Cartagena, y es dueños de la ebanistería mas conicidad de la comunidad de Cimarrón.
Desde que se caso, empezó a trabajar con su suegro en un taller de ebanistería, y desde hace poco decidió empezar su propio negocio. Ya casi tiene todas las herramientas que necesita, sin embargo solo le hace falta una acepilladora industrial de madera. Es por eso que solicita un préstamo de 500 000 (quinientos mil colones) para comprarla y así empezar a trabajar en su propio negocio.
El es socio de la Empresa de Crédito comunal Nuevas Esperanzas para Cimarrón una de las 110 empresas socias de EDESA en Costa Rica.

Additional Information

More information about this loan

As a small and relatively young MFI located in Costa Rica, EDESA has difficulty attracting other sources of capital. Many other microfinance funders do not work in Costa Rica, because overall the country is too rich. However, organizations such as EDESA work with extremely marginalized populations in Costa Rica that really need the access to capital that EDESA provides. By funding EDESA, Kiva lenders are allowing the organization to grow and reach more people than they otherwise would be able to reach.

About Costa Rica

  • $11,100
    Average annual income
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 496.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Froy to buy an industrial shop vacuum for his cabinetmaking workshop.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 3, 2011
Listed
Apr 29, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014