A loan of $375 helped to buy an industrial beater.

Fredy's story

Fredy is 38 years of age, married, and has three children aged 6, 3 and 1 year of age. He works as a pastry chef, making and selling bread, cookies and cakes in one of the busiest streets in the area of Pampahasi. This is his first loan with this institution.

Fredy plans to use this loan to buy an industrial beater, as he has a large-capacity oven and would like to increase his output. This will allow him to meet his customers’ requests. Fredy faces various challenges with his business, such as competition from a bakery which has greater production capacity. With this loan he will improve his profits.

Fredy is a person who wants to get ahead in life. He is happy and thankful to the microfinance institution for the support given to him, as this is the only source of income he has to provide for his family.

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Translated from Spanish by Kiva volunteer Paul Lambert

Loan details

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Loan details