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Rodolfo
Rodolfo V. is ambitious and hard-working. He has 5 children, from one- to ten-years old. He has worked along with his wife, with whom he has managed to build a successful business renting washing machines and selling washing soap and clothing, over the last two years. He lives with his family in Carrizal, a neighborhood famous for its Carnivale celebration and for the music that is practically a way of life among the residents. Rodolfo knows the neighborhood well and he's shaped his business to meet the needs that he sees. He used to buy on credit himself so he identifies with his customers, normal people from the neighborhood who are often relatives and friends. Rodolfo describes himself as responsible and serious. He approached the Fundacion Mario Santo Domino for a low-cost loan to pay off another higher-interest loan. His average monthly sales are COP$1,000,000 and his margin is 50%. He will use this loan from Kiva to buy a washing machine so that he can meet growing demand for his washing machine rental business. He will also pay cash for miscellaneous merchandise that he will buy in bulk. Rodolfo's dream is to buy a house for his family. He wants to continue expanding his business, something he can do with each new Fundacion loan. Rodolfo is happy that he can borrow from Kiva because his greatest challenge before was finding funds to expand his business. Once he establishes himself as a borrower with Kiva, he can start building a credit history.
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Rodolfo vizcaíno un joven soñador y trabajador, padre de 5 hijos en las edades de 10 hasta menos de un año. Se dedica al lado de su cónyuge, con quien ha logrado salir adelante, al alquiler de lavadoras y a la venta de detergentes electrodomésticos y ropa desde hace dos años. Él vive con su familia en Carrizal un barrio carnavalero por excelencia donde la fiesta y la música compartida entre vecinos es casi su filosofía. En este ambiente se desenvuelve Rodolfo en sus actividades productivas que surgieron de su propia observación en su medio y de su propia experiencia cuando compraba a crédito., sus clientes son personas naturales, vecinos del barrio, entre amigos y familiares. Rodolfo se identifica a si mismo como una persona muy responsable y serio en sus obligaciones y acude a la Fundación Mario Santo Domingo para reemplazar a los presta diarios, que otorgan créditos a intereses onerosos y este es justamente su máximo desafío. Su promedio de ventas mensuales es de $1.000.000 COP y su margen de utilidades es de 50% , con su credikiva comprará una lavadora porque tiene mucha demanda que no puede cubrir y con ella empezaría a responder parcialmente a nuevos clientes. Igualmente comprará mercancía variada de contado y en mayor cantidad.
Su sueño es adquirir una vivienda para su familia y en el negocio seguir ampliándolo con cada crédito que obtenga de parte de la Fundación y especialmente con la inversión de sus utilidades que ofrecen estas inyecciones de capital de trabajo. Rodolfo está muy contento con el acceso a su credikiva, porque su desafío era encontrar la oportunidad de financiamiento en organizaciones y tener vida crediticia, y con su credikiva empieza a construirla.

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
  • 267
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,862.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Rodolfo buy a washing machine and other merchandise for rental business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 31, 2011
Listed
Jan 29, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011