Check out some available loans that are similar to this one!
Hernando
Hernando is a gentleman who is devoted to his businesses. One of them involves renting out washing machines in the town of San Jacinto, which is in the Department of Bolívar. He started this business three years ago after he gained experience working for a relative who provided this same service. Hernando is the type of person who is aware of opportunities and takes advantage of them to the fullest. He started another business buying sandals in bulk and selling them on credit. His wife takes part in this business. He has other investments, such as selling motorcycles on credit and collecting payments each month.


His washing machine rental business has been strengthened in terms of more customers, but the equipment needs to be replaced. For this reason, his goal is to buy more machines so that he can respond better to his customers and continue generating income to improve his family’s well-being. This Kiva loan is the first one he has received from Fundación Mario Santo Domingo. Hernando will use the funds to buy three washing machines, as well as sandals that come in modern designs that will appeal to the local women. He foresees that his investments will be successful since he will be able to respond to service requests and increase his chances of attracting new customers who need to rent washing machines. His busiest times are on Fridays, Saturdays, Sundays, and fair days since many customers have no one else who can meet the demand on those days. While he continues to build his dream, Hernando strives to increase profitability. At the moment, the profit margin from his sales is a minimum of 29%.

View original language description ↓
Hernando es un hombre dedicado a los negocios, por un lado ofrece el servicio de alquiler de lavadoras, en su municipio San Jacinto en el departamento de Bolívar, desde hace tres años, después de ganar experiencia de negocio trabajando con un familiar en este servicio y como es una persona consiente de las oportunidades aprovecha al máximo su clientela y también le ofrece sandalias que compra en volumen y vende al detal mediante créditos y así mismo con su cónyuge, tiene otras inversiones como la venta de motocicletas a créditos, cartera que cobran mensualmente. Su negocio de lavadoras se ha fortalecido en cuanto a la clientela, pero sus lavadoras están necesitando reemplazo y por eso tiene como meta comprar otras maquinarias, con tal de responder a su clientela de la mejor manera y continuar generando utilidades para aumentar el bienestar de su hogar; Su credikiva es el primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará tres lavadoras y también modernos diseños de sandalias, que están muy de moda entre las mujeres de la población. Inversiones que planea serán exitosas, porque responden a pedidos y porque aumentarán sus posibilidades de atender nuevos clientes en el servicio de lavadoras, especialmente los días viernes, sábados, domingos y feriados cuando se quedan muchos clientes sin ser atendidos. Mientras Hernando construye sus sueños, se esmera trabajando para aumentar su rentabilidad sobre las ventas que en la actualidad es no menor del 29%.

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
  • 294
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    Funds lent in using Kiva
  • 1,782.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Hernando to acquire three washing machines for his rental business and to purchase sandals to sell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 15, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012