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Antonio Rafael
Antonio is 45 years old and the father of a 14-year-old son. He sells spare parts and performs glass installations. Antonio started this business many years ago and it has grown gradually and gained position. This facilitated a change in location because his physical space requirements increased. His dream is to have his own shop where he can sell in greater volume and generate more income. He will also be able to obtain good discounts being offered in the marketplace by purchasing in this manner. Even though his customer base has grown, Antonio’s operating capital is not sufficient for maintaining an inventory of products with high turnover. For this reason he is applying for a Kiva loan so that he can buy spare parts, such as motors and electrical supplies that he can offer at better prices. This will allow him to be more competitive.


In his business, Antonio’s payment capacity allows him to meet his credit obligations and resolve his short-term commitments. His sales are generally made on a cash basis and his receivables are collected within a short period. In addition, his product turnover is fairly quick. Based on the analysis and evaluation of these financial indicators, the use of his Kiva loan should result in a successful investment and an increase in his growth potential.

View original language description ↓
Antonio de 45 años de edad y padre de un hijo de 14 se dedica a la venta de repuestos e instalaciones de vidrios, negocio que inició hace muchos años y poco a poco logró un gradual crecimiento y posicionamiento, que le exigió cambiarse de local porque el espacio físico requerido era de mayor tamaño. Su sueño es tener un local propio y lograr comprar en mayor volumen con el fin de ganarse, los buenos descuentos que ofrece el mercado con este sistema de compras. Como su clientela ha ido creciendo, su capital de trabajo no es suficiente para mantener un surtido de los productos de mayor rotación, esta es la razón por la cual acude a su credikiva, con el cual comprará repuestos, como motor, partes eléctricas para ofrecer mejores precios y ser más competitivo. En su negocio Antonio presenta una capacidad de pago que le permite cumplir las obligaciones de créditos y solventar sus compromisos a corto plazo. Sus ventas son generalmente de contado, sus cuentas por cobrar rotan rápidamente, lo mismo que sus inventarios y desde el análisis y la evaluación de estos indicadores financieros, auguramos su potencial crecimiento y una inversión exitosa la que aplicaría con su credikiva.

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
  • 503
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,782.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Antonio Rafael to purchase motors and electrical supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2011
Listed
Oct 1, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012