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Antonio Francisco
Antonio M. lives in the municaplity of Malambo, a metropolitan area of Barranquilla, with his wife and three children who are between the ages of 10 and 16. There he manufactures motorcycle accessories. He learned this trade as a young man 25 years ago working at his father’s foundry. Antonio has now been working independently in his own workshop for eight years. By increasing this new source of income, he was able to buy his first motor and later a furnace and a bench drill. He says he has the help of his oldest son and currently has four employees who handle the production work. By gradually expanding the infrastructure of his business, he was able to acquire two additional motors and a forge at the market. Antonio started his business in Malambo and now he has extended to Barranquilla, Santo Tomás, and Sabanagrande in the Department of Atlántico; Cartagena in the Department of Bolívar; Santa Marta in the Department of Magdalena, and other places where vendors gather. Another example of the growth of his business is a vending post he started six months ago, which is located on the main road in Malambo. There he sells other motorcycle accessories such as riding jackets, helmets, ponchos, and gloves.


This is his first loan with Fundación Mario Santo Domingo. With the Kiva funds he will buy 500kg of aluminum, 500kg of coal, and other materials used in his production process. He expects to continue expanding his business and strengthening his sales locations. His workshop has generated good results because of its strategic location, but he needs to extend his service areas so that he can gain more recognition in the surrounding neighborhoods.

View original language description ↓

Antonio M., su cónyuge y sus 3 hijos en las edades de 10 a 16 años viven en el municipio de Malambo, área metropolitana de Barranquilla, y desde allí él se dedica a la fabricación de accesorios para motos; actividad que aprendió desde muy joven hace 25 años trabajando en el taller de fundición de su padre y que desde hace 8 años ya de manera independiente en su propio taller, creo su propia nueva alternativa de ingresos, mediante su montaje; así fue como, con sus ahorros compró su primer motor, luego un horno, un taladro de banca y a trabajar se dijo con la ayuda de su hijo mayor; en la actualidad contrata a 4 ayudantes que trabajan por producción; gradualmente ha ido creciendo su infraestructura de negocio, pues tiene 2 motores mas y una fragua un M. que inició en Malambo y ahora está extendido en el Departamento del Atlántico: Barranquilla, malambo, Santo Tomás y Sabanagrande y en el departamento de Bolívar: Cartagena y en el departamento del Magdalena en Santa Marta, lugares atendidos por vendedores, otra muestra de su crecimiento es que 6 meses ubicó un punto de venta en Malambo en la vía principal donde además de sus productos vende otros para motocicletas como chalecos , cascos, mangas y guantes. Este es su primer crédito con la Fundación Mario Santo Domingo y con este su credikiva comprará 500 kilos de aluminio y 500 kilos de carbón para adicionar otros elementos a su proceso productivo.
Sus expectativas es continuar ampliando su negocio, especialmente fortaleciendo mas puntos de venta, pues el tener su taller le ha dado buen resultado por su ubicación estratégica, pero necesita extenderse con puntos de servicios y ser muy reconocido en los alrededores.

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
  • 303
    View loans »
    Colombia Loans Fundraising
  • $13,796,725
    Funds lent in using Kiva
  • 1,822.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Antonio Francisco purchase 500kg of aluminum, 500kg of coal, and other materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2010
Listed
Aug 23, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2011