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Humberto
In a neighborhood very close to the industrial area of Barranquilla, where there is a great festival in the period of Carnaval, lives Señor Humberto Pabón. Humberto is a very hard working man who is such a business expert that he has been able, through his business activities, to acquire 2 houses. At his 74 years, he has 14 children between the ages of 18 and 44.
Humberto makes his living renting washing machines. His business is a product of his long-time enterprising capacity that began in the year 1972 when he starting selling merchandise in Maicao, a town in the Department of Guajira, in the north of Colombia. At that time, he had a shop in a mall. He closed it when it was affected by the devaluation of the Bolívar, the currency of his country, which borders Venezuela. Because he lost a good part of his capital with that initial business, he persisted in opening a restaurant in the location where he had sold merchandise. It lasted 3 years. But since he didn't fulfill his expectations, he moved to Barranquilla and started his washing machine rental service.
In the beginning, he had only 2 washing machines to offer as rentals in the community, but he expanded to serve more than 5 nearby neighborhoods. Humberto tends to bring his machines to whomever requests his service by himself in a hand truck. He transfers them very carefully, which is why they are still in good condition. Likewise, because he is very organized and responsible with his customers, his business constantly flows. He has 16 regular customers. Offering this service is his only source of income. He says that his business has been a great blessing for him since it allows him to clear all his expenses and to live comfortably in his improved his dwellings. He is a hardworking and honest man. He enjoys great success with his customers from the different neighborhoods where he offers his services.
He was punctual with the re-payment of his previous loan. He is currently requesting a second loan from Fundación Mario Santo Domingo in the amount of $1.500.000 COP ($800 USD). With this financing he is going to purchase 4 more washing machines. The ones he has are insufficient to meet the demand, especially on the weekends when housewives have their day off and spend their time taking care of this chore, which is left undone from their work days.
Through his first loan, he was able to add more machines and gradually increase his earnings. His goal is to have additional capital available to him so that he can start selling merchandise again. This is an activity in which he has experience, and he would use the housewives he currently rents to as his main niche market for this new business.
View original language description ↓
En un barrio muy cerca al cumbiodromo de Barranquilla, donde se vive en época carnavalera una gran fiesta, vive el señor Humberto Pabón, hombre muy trabajador y tan conocedor de negocio que ha logrado a través de esta actividad tener 2 casas. A sus 74 años tiene 14 hijos en las edades de 18 y 44 años y se dedica al alquiler de lavadoras, negocio producto de su capacidad emprendedora de hace mucho, cuando en el año 1972 inició vendiendo mercancías en Maicao, municipio del departamento de la Guajira, al norte de Colombia. En ese entonces tenía una colmena en el centro, pero la suspendió porque fue afectado por la devaluación del Bolívar, moneda del país fronterizo de Venezuela. Como en este negocio perdió gran parte del capital, persistiendo puso un restaurante en el puesto donde vendía mercancía y ahí duró 3 años, pero como no colmó sus expectativas, se trasladó a Barranquilla, iniciando el servicio de alquiler de lavadoras, al principio solo tenía 2 máquinas de lavar que puso al servicio de la comunidad y se extendió a más de 5 barrios cercanos. Es asì como Humberto suele trasladar sus lavadoras él mismo en una carretilla, a quien le solicita el servicio y lo hace con gran cuidado, por eso las preserva en buen estado; igualmente como es muy organizado y responsable con sus clientes, su actividad fluye constantemente. Tiene 16 clientes fijos y este servicio es su única fuente de ingresos; él dice que su negocio ha sido una gran bendición para él, ya que puede solventar todos los gastos y vivir cómodamente porque ha podido mejorar sus viviendas. Él es un hombre trabajador y honrado, goza de una gran aceptación con sus clientes en los diferentes barrios, donde ofrece sus servicios y ha sido muy puntual en el pago de su anterior crédito. Hoy en día está solicitando a la Fundación Mario Santo Domingo su segundo crédito por valor de $1.500.000 COP, con este financiamiento va a comprar 4 lavadoras más, porque las que tiene no son suficientes, especialmente en los fines de semana, cuando las amas de casa se encuentran en su día de descanso laboral y se dedican a este quehacer, dejado de cumplir en los días hábiles.
A través de su primer crédito logró adicionar más máquinas y gradualmente incrementar su ingreso. Sus metas es tener un capital disponible, adicional, para incluir en su negocio la venta de mercancías, actividad en la que tiene experiencia y aprovecharía el potencial de las amas de casa, que serian su principal nicho de mercado, para este nuevo negocio

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
  • 467
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,875.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Humberto to purchase 4 washing machines in order to increase his weekend rentals.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2010
Listed
Jul 14, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2011