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Freddy Raul
San Jacinto Glass and Aluminum is located in the La Bajera de San Jacinto neighborhood of the Bolivar province. Freddy M. R. is 48 years old and runs the business with the help of his wife, with whom he has 3 children from 3-10 years old. They moved to this city 10 years ago from Magdalena where he managed some farms. He wanted his kids to be able to study and they lived very far from the schools on their farm. He decided to start his business when a neighbor in Cartagena encouraged him to do so after teaching him how to cut glass. He found a storefront to start making doors and windows and selling glass, aluminum and other accesories. He and his wife run the business and he contracts other workers when things get busy in order to serve his clientele. He is seeking his second loan from Mario Santo Domingo Foundation of $800 which he will use to buy aluminum, glass and accesories to make his doors and windows.

With his first loan, he was very diligent both in investing his money and in paying it back; he improved his business and his credit history which is very important for him as an entrepreneur.

Someday, he would like to have his own home, invest in livestock, but more than anything he'd like his kids to receive a formal education. His biggest challenge is meeting his obligations during periods of low sales but he has learned to manage his business very well and get through those times.

His most difficult time was when he changed work from farming to what we does now; he's still surprised at the risk he took, but he considers it part of his past and his dream now is to move forward and his happiness shows that he is doing so.
View original language description ↓
En el barrio La Bajera de San Jacinto Departamento de Bolívar, queda “Vidrios y Aluminios San Jacinto”, ese es el nombre del negocio de propiedad de Freddy M. R. que tiene 48 años y en que trabaja con su esposa con quien tiene 3 hijos en edades de 10 y 3 años.
Con ellos llegó a este municipio después de 10 años de estar administrando fincas en el departamento del Magdalena , porque quiso que sus hijos estudiaran pues estando en una finca estaban los colegios bien distantes, así que solo con sueños un ahorro y decisión firme emprendieron su negocio cuando un vecino del pueblo inspiró y apoyó su deseo ayudándolo con su experiencia y en talleres de Cartagena aprendió a cortar sus primeros vidrios; desde ese momento consiguió un local para fabricar puertas y ventanas y vender vidrios aluminio y otros accesorios; este negocio lo atiende él y su esposa y cuando tiene mucho trabajo busca trabajadores con el fin de responder a la clientela oportunamente. Con este propósito está solicitando su segundo crédito a la Fundación Mario Santo Domingo por valor de $1.500.000, que será utilizado para comprar aluminio, vidrios y accesorios para la elaboración de puertas y ventanas.
Con su primer crédito fue muy aplicado tanto en su inversión como en su reembolso por eso logré aumentar sus utilidades y simultáneamente mejoró su historial creditito lo cual para el es muy importante como empresario.
Algún día quiere tener su casa propia, invertir también en ganadería, pero sobre todo sacar adelante a sus hijos mediante una buena educación formal.
El desafío más importante está relacionado con su negocio que la época de ventas bajas debe proveerlas para prepararse a responder a sus obligaciones y esto lo hace muy bien porque tiene su negocio controlado.
Su situación mas difícil fue el cambio del la finca a San Jacinto, aun se sorprende de su capacidad de riesgo ante todas las dificultades que se presentaron, pero eso es cosa del pasado y lo importante es el deseo de superación y la gran alegria que constantemente Freddy expresa.

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.

About Colombia

  • $11,100
    Average annual income
  • 562
    View loans »
    Colombia Loans Fundraising
  • $14,893,900
    Funds lent in using Kiva
  • 1,930.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Freddy Raul purchase aluminum, glass, accesories to make doors and windows.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2010
Listed
Mar 1, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2011