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Fredy Antonio
Freddy Antonio G. lives in Galapa, a municipality very close to the city of Barranquilla, known for its crafts with beautiful designs in all colors and textures on all kinds of surfaces like wood, aluminum, glass, etc.

This is the case with Freddy G. who is well known in this community for his innate gifts as an artisan. He has a business making windows, doors and aluminum frames that he learned when he was an employee in a large firm in Barranquilla in 1995. When he was laid off in 2000 he managed to set up his own micro business with a small domestic market share. Gradually he has become better known around Galapa having started with his relatives, friends and neighbors. He is now better known than previously.

This is his first loan with Fundación Mario Santo Domingo and he plans to use this Kiva loan to increase his ability to pay cash and be able to fill some pending orders that if he does not do in an opportune way may be lost to the competition. Because of this he will buy large amounts of aluminum sheets, screws, bolts and nuts.

His dream is to set up a business someplace separate from his home with inventory available for cash or credit. His main challenge has been getting quick loans to strengthen the little working capital he has so that he can increase his credit sales in terms his customers can respond to.
View original language description ↓
Freddy Antonio G., vive en el municipio de Galapa lugar muy cercano a la ciudad de Barranquilla caracterizado por la fabricación de artesanías y hermosos diseños en todos los colores, texturas, y plasmados en cualquier superficie, como tela madera, aluminio, vidrio, etc. Este es el caso de Freddy G. quien como artesano de esta población reconocido por sus capacidades innatas, tiene un negocio de elaborar ventanas, puertas, marcos en aluminio que inició cuando aprendió trabajando en una gran empresa en el año 1995 en la ciudad de Barranquilla y que cuando quedó cesante en el año 2000, logró emprender su propia microempresa con un mercado doméstico muy pequeño y gradualmente se ha dado a conocer iniciando con sus familiares, amigos y coterráneos de galapa, donde ya es mas reconocido que antes. Este es su primer financiamiento con la Fundación Mario Santo Domingo y con éste su crediKiva logrará aumentar su capacidad de compra de contado y resolver algunos pedidos de buenos clientes que pueden irse a la competencia si no es oportuno, por eso comprará en mayor volumen, láminas de aluminio, taches, tuercas y tornillos .
Su sueño es organizar su negocio en un local independiente de su casa, con inventario de productos elaborados a crédito o de contado; su principal desafío ha sido conseguir financiamientos rápidos, para fortalecer su pequeño capital de trabajo y poder aumentar sus ventas a crédito en plazos a los que sus clientes puedan responder.

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
  • 246
    View loans »
    Colombia Loans Fundraising
  • $13,496,575
    Funds lent in using Kiva
  • 1,881.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Fredy Antonio to buy large quantities of aluminum, screws, nuts and bolts.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 24, 2010
Listed
Nov 23, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011