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Eduardo Rafael
Eduardo is a 63 year-old man who is married and has four children aged between 25 and 38. He lives in Carrizal neighborhood, a cheerful and supportive community full of hard-working people, which combines to perfection good music and microbusiness activities.

To be found in the middle of this environment is Eduardo who makes women's and children's footwear. He has been in this business since he was 14 years old when he worked as an assistant to his father. Eventually, he applied all of his technical experience to the footwear trade and started a business through which he has got his family ahead in life. It is to this business that he owes all of his income because, as he says, "I have always had work and, thanks to God, I don't want for anything". Eduardo is currently very close to being able to buy the rental home in which he has lived with his family since he was married.

Eduardo has made a lot of progress in his business, in particular due to the affection and respect with which he treats his customers. This is how he keeps his customers and he is well known in the trade as being a very responsible person both in his personal life and in his business dealings.

This Kiva loan is Eduardo's first from Fundación Mario Santo Domingo and he will use it to buy materials and supplies with which to fulfil his obligations to his customers as they have requested new and modern designs from him. For this reason, his investment will be successful.

Eduardo's dream is to continue working in order to increase his profits which have a margin of no less than 25%. He hopes that he will soon fulfil his goal of owning his own home.
View original language description ↓
Eduardo es un hombre de 63 años de edad, es casado, tiene 4 hijos en las edades de 25 a 38 años y vive en el barrio Carrizal, comunidad alegre, solidaria y de gente trabajadora, que combina perfectamente la buena música y las actividades microempresariales. Allí en este ambiente Eduardo se dedica a la fabricación de calzado femenino e infantil, a la cual se dedica desde que tuvo 14 años de edad, cuando fue ayudante de su padre, para finalmente aplicar toda su experiencia técnica en el oficio de zapatería, en un negocio con el que ha logrado avanzar a su familia y al que le debe la totalidad de sus ingresos porque como él dice “ siempre ha tenido trabajo, gracias a Dios y no pasa necesidades” En la actualidad está muy cerca a comprar la vivienda donde habita pues es arrendada y es en ella donde ha vivido con su familia desde que se casó. Su negocio ha avanzado mucho, especialmente por el cariño y respecto con que trata a sus clientes, por eso la conserva, y es bien reconocido en el sector por ser una persona muy responsable en su vida personal y en su negocio. Con su credikiva que es el primer financiamiento que hace a la Fundación Mario Santo Domingo, comprará materiales e insumos para cumplir los compromisos adquiridos con sus clientes, pues ellos le han solicitado a Eduardo nuevos y modernos diseños, por lo cual su inversión será exitosa. Su sueño es continuar trabajando para aumentar sus utilidades que están en un margen no inferior al 25%, para muy pronto poder cumplir la meta de ser propietario de una 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
  • 279
    View loans »
    Colombia Loans Fundraising
  • $13,618,075
    Funds lent in using Kiva
  • 1,782.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Eduardo Rafael to buy materials and supplies for his shoe workshop.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2011
Listed
Jun 10, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012