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Habit
Habit is 35 years old and lives with his wife in southwestern Barranquilla. He makes a living renting washing machines. His main customers are housewives who no longer want to manually wash items under the hot sun in Caribbean Colombia. He decided to start this business 10 years ago when as a product of his job as a guard he decided to buy eight washing machines with cash, and since then he strives daily to satisfy his market. His goal for the future is to acquire a motorcycle so he has better transportation from where his business is located to where each customer needs him to be. Habit is applying for his first loan with Kiva partner Fundación Mario Santo Domingo because he wants his business to continue to grow. With the loan, he plans to add three more washers to his inventory, which will help him generate more revenue, since he has lost customers because the machines he has are loaned out to other clients and his growing customer base requires more attention so he can keep perfecting his craft. While he works hard to improve, his business handles a return on sales of no less than 40 percent and an autonomous consumption rate of 91 percent. He works every day to improve his welfare and that of his family.
View original language description ↓
Habit de 35 años vive con su cónyuge en el suroccidente de la ciudad de Barranquilla y se dedica a ofrecer el servicio de alquiler de lavadoras, oficio en el cual sus principales clientes son mujeres amas de casa, a quienes descarga del desafiante oficio de lavar manualmente bajo el candente sol del Caribe Colombiano. Hace 10 años decidió iniciar su ejercicio emprendedor, cuando con el producto de su trabajo como celador decidió comprar 8 lavadoras de contado y desde entonces se afana diariamente por lograr sostenerse en el mercado, con calidad y oportunidad en su oferta. Su meta más adelante es adquirir una motocicleta para lograr un transporte más efectivo, desde el sitio donde está ubicado su negocio hasta donde lo requiera cada cliente.
En la actualidad Habit está aplicando a su primer financiamiento con la Fundación Mario Santo Domingo, porque quiere continuar creciendo, así es que con con su credikiva, planea aumentar su cobertura comprando 3 lavadoras más, que le ayudarían a generar mayores ingresos, pues pierde clientes porque las máquinas con las que cuenta, se mantienen de servicio en casa de sus clientes y su creciente clientela requiere mayor atención y ser más oportuno, para seguir perfeccionando su trabajo. Mientras se esfuerza por mejorar, maneja en su negocio una rentabilidad sobre las ventas no menor del 40% y una autonomía de 91%, y con ello cada día pretende aumentar su bienestar y el de su familia.

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
  • 138
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,745.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Habit to purchase three more washing machines.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 14, 2011
Listed
Jul 22, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012