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Rafael
Rafael Rodríquez P. lives in the city of Cartagena. He sells clothes there in a very unique way. He buys the fabric and supplies. He then orders the clothes to be made, especially women’s clothes. He takes advantage of his mother’s seamstress shop, which she has had for over 20 years. Rafael’s business is very profitable, and he gives a percentage of the profits to his mother.

This is his fourth loan with the Fundación Mario Santo Domingo. He has belonged to this organization for a little over three years. It has helped him grow independently and as a businessman. With the profits from his business he has managed to buy a sewing machine for his mother.

This has generated great family unity. His big dream is to make a strong work alliance with all of his family and to open new markets to increase his productive presence. His biggest challenge is to get together the capital to accomplish this.

Rafael will use the loan to buy fabric, decorations, thread, and accessories to take to his mother’s shop to make the women’s garments that are on order. He will take advantage of the end of the year festivities that are approaching.

He aspires to increase the number of customers he has. He also wants his profits to increase during this time of the year when there is great commercial activityt.
View original language description ↓
Rafael Rodríguez P. vive en la ciudad de Cartagena donde se dedica a vender ropa mediante un sistema muy particular, compra las telas e insumos y manda a fabricar la ropa especialmente femenina, aprovechando el taller de confecciones que tiene su madre desde hace mas de 20 años y que por ser el negocio de Rafael muy rentable, le aporta un porcentaje de utilidad a ella.
Este es su cuarto financiamiento con la Fundación Mario Santo Domingo, organización a la cual pertenece hace un poco más de tres años y que le ha ayudado a crecer como independiente y como empresario. Igualmente con las utilidades producidas por el negocio, ha logrado comprarle una maquina de confeccionar a su mamá, generado gran unidad familiar, porque su gran sueño es hacer una fuerte alianza de trabajo con toda su familia, abrir nuevos mercados para ampliar su espectro productivo, aunque su mayor desafío es lograr juntar todo el capital para lograrlo. Con su credikiva Rafael comprará telas, adornos, hilos y detalles que llevará al taller de su madre para confeccionar vestidos femeninos ya encargados, aprovechando que se acercan las festividades de final de año y él aspira a aumentar su clientela y sus utilidades en esta temporada de gran movimiento comercial .

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
  • 165
    View loans »
    Colombia Loans Fundraising
  • $13,225,875
    Funds lent in using Kiva
  • 1,835.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Rafael buy fabric, decorations, thread, and accessories to take to his mother’s shop to make women’s garments.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2010
Listed
Nov 5, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011