Check out other loans that are currently fundraising!
Roque Roberto
Roque is 53 years old and lives to the south of the city with his wife and two children, ages 8 and 11. There he has managed a cabinetmaking business for more than 20 years. He makes furniture such as dining rooms sets, doors, as well as cabinets for bathrooms and kitchens. His business experience was acquired while he was employed at a carpentry shop. After he took a course that was offered for free, Roque discovered his entrepreneurial spirit and decided to open his own workshop, where he continues to work to this day. His goal is to achieve sustainability and a good level of profitability, which is currently at 42.91%. The greatest challenge he faces is having insufficient capital to extend his market, which is why he is applying for a Kiva loan.


This is his first form of financing through Fundación Mario Santo Domingo. Roque will use the money to buy raw materials and supplies for making kitchen and bathroom cabinets. He hopes the end result will be better product turnover in his business and having a constant stream of customers so that he will be able to recoup his investment.

View original language description ↓
Roque de 53 años vive al sur de la ciudad con su esposa y sus dos hijos en las edades de 8 a 11 años. Allí tiene un negocio de ebanistería desde hace más de 20 años, donde fabrica muebles para el hogar salas comedores, puertas, gabinetes para baños, y para cocinas. Su experiencia de negocio la tomó desde cuando fue empleado de una carpintería y posteriormente decidió darle curso libre a su espíritu emprendedor dándole nacimiento a su propio taller, en el que hasta la presente trabaja. Su meta es lograr la sostenibilidad de este con una buena rentabilidad que en la actualidad se encuentra en un 42,91%. Su mayor desafío es su capital de trabajo que es insuficiente para extenderse en el mercado, y esta es justamente la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará en la compra de materias primas e insumos para fabricar gabinetes de cocina y para baños, que es el producto de mayor rotación en su negocio y siempre sus clientes deben esperar hasta que él logre recuperar su inversión.

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
  • 363
    View loans »
    Colombia Loans Fundraising
  • $14,083,800
    Funds lent in using Kiva
  • 1,778.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Roque Roberto to buy materials and supplies for making cabinets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2011
Listed
Sep 5, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012