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Isaias
Isaias O. P. is a 62 year-old man who lives in the southern area of the city of Barranquilla. He has a hardware store in his home which is called 'Ferromiscelanea'. Isaias started his business 8 years ago together with one of his daughters. He then bought it from her and it became the main source of income for his family which includes his wife and 4 children who are currently between the ages of 30 and 39.

Isaias' wife and one of his nephews work in 'Ferromiscelanea'. They are a great support and sell construction materials and other hardware items. Isaias has been working with Fundación Mario Santo Domingo for 12 years and has received 9 loans He is currently applying for his first Kiva loan which he will use to buy shelving units. He will also adapt some display cabinets. Through his previous loans and FMSD's business training service, Isaias has managed to better plan his investments and add capital to his business which he works with and from which he makes new profits every time that he invests it. Now his biggest dream, and also his biggest challenge, is to buy a plot of land and set up a storage warehouse so that he can separate it from his home.
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Isaias O. P. es un hombre de 62 años que vive en la zona sur de la ciudad de Barranquilla, allì en su vivienda tiene un negocio de ferreteria lla mado “ferromiscelanea”, que iniciò hace 8 años en compañía de una de sus hijas y posteriormente la comprò y se constituyò en la fuente de ingresos principal del hogar conformado por su esposa y sus 4 hijos, hoy en las edades de de 30 a 39 años. En Ferremiscelanea trabaja su esposa y un sobrino que son su gran apoyo en esta gestiòn y vende materiales de construcciòn y elementos de ferreterìa. Isaias està vinculado al programa de microfinanzas de la Fundaciòn Mario Santo Domingo desde hace 12 años en los cuales ha recibido 9 financiamientos y hoy està aplicando a su primer credikiva, con el cual comprarà estanterias y realizarà adecuaciones a vitrinas exhibidoras. Con sus creditos anteriores y el servicio de formaciòn empresarial ha logrado proyectar mejor sus inversiones y adicionar un capital con el que trabaja con el cual genera nuevas utilidades cada vez que lo invierte. Ahora su gran sueño y tambien desafio es comprar un lote y adecuar una bodega de almacenamiento, para lograr separarlo de su vivienda.

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
  • 164
    View loans »
    Colombia Loans Fundraising
  • $13,194,000
    Funds lent in using Kiva
  • 1,872.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Isaias to buy shelving units and adapt some display cabinets.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2011
Listed
Mar 24, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011