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Orlando
Orlando lives in the south of the city of Barranquilla with his spouse and three children whose ages range from 4 to 8 years. He has a tire repair shop in the same neighborhood where he provides vehicle tire repair and service. His experience dates back to 1996 when he worked as a helper in a business similar to the one he has now and he decided to become independent and gradually purchased tools and equipment to launch his enterprise into the marketplace.

His goals are to make progress in this occupation to generate sizable income to attain the wellbeing of his family, especially his children with respect to their education providing one of quality for them that will lead to their success.

He is currently applying for his first loan with Fundación Mario Santo Domingo through Kiva that he’ll use to buy tires and inner tubes to increase his inventory. His present profit margin is no less than 37%, a financial indicator from which he projects his growth.
View original language description ↓
Orlando vive al sur occidente de la ciudad de Barranquilla, con su cónyuge y sus tres hijos en las edades de 4 a 8 años. Allí en este mismo barrio tiene una llantería donde ofrece los servicios de mantenimiento y reparación de llantas de vehículos. Su experiencia data desde el año 1996 cuando fue ayudante en un negocio similar al que ahora tiene desde hace un año, cuando decidió independizarse y comprar poco a poco herramientas y equipos para lanzar su emprendimiento al mercado. Sus metas son progresar en esta activad, para generar ingresos importantes con los que logre el bienestar de su familia especialmente de sus hijos en el tema educativo, ofreciéndoles una formación de calidad, que les permita ser exitosos. En la actualidad está aplicando a su primer financiamiento con la Fundación Mario Santo Domingo, a través de su credikiva, con el cual comprará llantas y neumáticos para aumentar su inventario. En la actualidad su rentabilidad promedia es no menor del 37% indicador financiero desde el cual planea su crecimiento.

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
  • 506
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,860.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Orlando to buy tires and inner tubes.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2011
Listed
Oct 28, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012