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Francisco Javier
Francisco, age 55, performs maintenance and repairs vehicles. He also sells parts in a workshop to the southwest of the city of Barranquilla, where he lives with his wife. He undertook this business venture when he was once left without employment. With his knowledge of mechanics he started a shop where his frineds were his first customers.

Gradually, with recommendations from his friends, he got new buyers for his products. With his good service, he was getting more customers. As his income was increasing, he added the sale of vehicle parts and replacement parts that his customers really needed.

His Kiva loan is his first loan with the Fundación Mario Santo Domingo. He will buy parts for vehicles, which are the items that turn around the most in his shop. This way he plans on increasing his sales volume.

His dream is to separate his shop from his family space. He also dreams of having diverse products to sell because his customers cannot always find what they need. This is a big challenge because he does not have enough working capital to fill their needs in a timely fashion.

That is the exact reason the he turned to a Kiva loan. He plans to gradually increase his business in order to be able to, little by little, fulfill his dreams. While this is happening, he manages a sales profitability of no less than 18%. Accounts receivable turn over every six days, and his inventory turns over every twelve days. With his wife by his side he continues building his future.
View original language description ↓
Francisco de 55 años de edad se dedica al mantenimiento y reparación de vehículos y a la venta de partes en un taller ubicado al suroccidente de la ciudad de Barranquilla, donde vive con su esposa. El emprendió su aventura de negocio una vez quedó sin empleo y con su conocimiento de mecánica, inició un taller donde sus amigos fueron los primeros clientes y gradualmente recomendados por ellos llegaron nuevos compradores de sus productos y con su buen servicio, fue agregando más clientes, incrementando sus ingresos cuando adicionó las partes de vehículos y repuestos para ofrecer el servicio de venta que tanto hacía falta a su clientela.
Su credikiva es el primer financiamiento que hace a al Fundación Mario Santo Domingo, con el comprará partes de vehículos, que son las que son los elementos que más rotan en su taller y con ello planea aumentar el volumen de sus ventas.
Su sueño es separar el taller de su espacio familiar y tener diversidad de productos en su oferta, pues no todo el tiempo sus clientes encuentran lo que necesitan y esto es un gran desafío porque no cuenta con el capital de trabajo suficiente para responderles oportunamente. Justamente esta es la razón por la cual acude a su credikiva, pues gradualmente planea incrementarlo para poder poco a poco lograr cumplir su sueño. Mientras esto ocurre maneja una rentabilidad sobre las ventas no menor del 18%, rota sus cuentas por cobrar cada 6 días y sus inventarios cada 12 y con ello continúa al lado de su esposa construyendo futuro.

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,745.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Francisco Javier to buy vehicle parts which have the biggest turnover in his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2011
Listed
Jul 23, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013