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Santiago Felipe
Santiago, age 54, provides maintenance and repair services for motorcycles and bicycles. In his workshop he also sells replacement parts for technical and mechanical maintenance and repair. His shop is located where his home is. It is in the Soledad municipality close to Barranquilla, where a lot of people know him. He lives with his wife and their two children, ages 10 and 21. He dreams of seeing his children prosper and develop their own success.

His business was born 16 years ago when he left his native town and set his business up in the Atlántico department. He needed to look for a way to support his family and generate income on his own. In the beginning he only worked on air in tires for motorcycles and some other vehicles. Later, his observational ability helped him seize the opportunity to sell accessories like control cables, tires, rims, elbow adaptors, and turnbuckles. He still uses them to work, and he has managed to get a growing market.

Santiago often feels that he does not have the money to opportunely respond to all of his customers’ needs. This is his first loan with the Fundación Mario Santo Domingo. He will use the loan to buy a variety of motorcycle rims, tires, and control cables.

With this investment he will have a little bit of everything in his business . This will be an effective solution for his customers. His biggest dream and challenge is to have a service station in a good location. That is where he will totally diversify his services, and he will make his business increasingly well-known.
View original language description ↓
Santiago de 54 años es un hombre que se dedica al servicio de mantenimiento y reparaciòn de vehículos motocicletas y bicicletas, además de vender repuestos para su mantenimiento y reparación técnica y mecánica, en su taller ubicado en su lugar de vivienda ubicado en el municipio de Soledad, cerca de Barranquilla, donde muchos lo conocen y habita con su cónyuge y sus dos hijos en las edades de 10 y 21 años, con los que sueña ver prósperos y desarrollando su propio éxito.
Su negocio nació hace 16 años, cuando se instaló en el departamento del Atlántico, procedente de su pueblo natal y debió entonces buscar la forma de sostener a su familia, generando ingresos autónomos. Al principio en su negocio solo cargaba de aire los neumáticos de motos y algunos vehículos, posteriormente su capacidad observadora le facilitó captar la oportunidad de vender accesorios como guayas, llantas, neumáticos, codos, tensores, con los cuales aún sigue trabajando y ha logrado un M. creciente. Santiago muchas veces siente que le hace falta capital para responder oportunamente a todas las necesidades de sus clientes. Su credikiva es el primer financiamiento que hace a la Fundación Maro Santo Domingo, con él comprará variedades de rines, neumáticos, y guayas de moto. Con esta inversión tendrá en su negocio de todo un poco y resolverá el tema de respuesta efectiva a sus clientes. Su gran sueño y desafío es tener una serviteca en un local bien ubicado, donde diversifique totalmente su oferta y logre con su negocio ser reconocido cada vez mas.

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

  • $11,100
    Average annual income
  • 470
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    Funds lent in using Kiva
  • 1,745.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Santiago Felipe to buy a variety of motorcycle rims, tires, and control cables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2011
Listed
Jul 21, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 22, 2011