Check out some available loans that are similar to this one!
Ferney
After having been employed at a glazier, Ferney López O. followed his dream to become independent and opened his own shop four years ago in Bogotá’s Alquería La Fragua neighborhood. He entered into a partnership and opened a business making shower enclosures; this lasted only six months. He then met a big challenge with a new locale in the Kennedy neighborhood called “Vidrios el Rey,” a glazier shop where he makes shower enclosures and general cabinetry. His greatest challenge was dissolving the partnership because he lost a lot of money and was decapitalized. But, he continued to offer his services and has managed to move ahead.

This will be his 1st loan with Fundación Mario Santo Domingo. He will use it to buy raw materials for cabinet making like, glass and aluminum; he will also use it to repair his sandblaster, which is equipment that shoots abrasive materials under pressure to bring about changes on rigid surfaces like the ones Ferney uses as his main raw ingredients: glass, marble, acrylic, wood and steel. With this equipment he will be able to optimize results, have more uniformity, lessen labor costs, minimize job completion time, insure better finish adherence and anchoring and attain more purity in the materials with a minimum of effort.

His dream is to own his own house to enjoy with his wife and two children, who are 5 and 10 years of age, as well as to acquire a vehicle to transport merchandise for his business because to date he leases this service.
View original language description ↓
Después de ser empleado de una vidriería, Ferney López O. acudiendo a su espíritu independiente, empezó su gran sueño hace 4 años con un local en el barrio Alquería la fragua en la Ciudad de Bogotá: montó en sociedad un negocio dedicado a la fabricación de divisiones para baños, el cual se disolvió y 6 meses después inició su gran reto en un nuevo local en el barrio Kennedy, donde montó “Vidrios el Rey” , una vidriería donde fabrica divisiones para baños y marquetería en general. La disolución de la sociedad fue su más grande desafío, porque perdió mucho dinero y se descapitalizó, pero siguió ofreciendo sus servicios y ha logrado salir adelante.
Este es su primer crédito con la Fundación Mario Santo Domingo, con el comprará materia prima como vidrio, aluminio para marquetería y también lo usará en la reparación de su maquinaria Sand Blast, que consiste en un sistema de lanzamiento de materiales abrasivos con aire a presión, los cuales producen cambios sobre superficies rígidas, como las que usa Ferney como sus principales materias primas: vidrio, mármol, acrílico, madera y acero. Con este sistema podrá optimizar resultados, lograr mayor uniformidad, abatir costos en mano de obra, minimizar tiempos de trabajo, mayor anclaje y adherencia de recubrimientos y conseguir mayor pureza del material con un mínimo de esfuerzo.
Su sueño es tener casa propia para disfrutarla con su cónyuge y sus dos hijos de 5 y 10 años de edad y adquirir un vehículo para el transporte de mercancía para el negocio, porque hasta ahora alquila este servicio.


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

  • $6,070
    Average annual income
  • 362
    View loans »
    Colombia Loans Fundraising
  • $14,083,800
    Funds lent in using Kiva
  • 1,950.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Ferney to buy cabinet making raw materials like glass and aluminum; also to repair his sandblaster.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2010
Listed
May 16, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011