Check out some available loans that are similar to this one!
Ricardo
Ricardo is 38 years old, and he lives with his wife and 3 children aged 3 to 17. He lives in one of the prettiest and most popular neighborhoods south of the city. He provides decorations and paintings for holiday and birthdays, and he designs decorations for motorcycles. To carry out his idea, Richard worked in a shop where he got a lot of experience. With their liquidation he went solo and bought what he needed from them to make beautiful designs in his free time. This made it easier for him to start his own business venture which began in his backyard where it is today.

Currently he has applied for his 5th loan with Fundación Mario Santo Domingo, an organization he’s worked with for 7 years. With his previous loans he was able to build his working capital, help his family, and increase their well-being. His goal going forward is to own his own home, continue growing his business, and generate work. With the Kiva loan he’s asked for, he will buy materials like paint, styrofoam, paint brushes, pencils, erasers, and tape because he’s the holiday season is approaching, a time when Ricardo usually makes the most of his sales.
View original language description ↓
Ricardo de 38 años vive con su esposa y sus tres hijos en las edades de 3 a 17 años en uno de los barrios más alegres y populares del sur de la ciudad. Allí se dedica a ofrecer servicios de decoraciones y pinturas para fiestas y cumpleaños y también diseños para adornar motocicletas. Para la puesta en marcha de esta idea emprendedora, Ricardo trabajó en un taller, donde obtuvo su mayor experiencia y posteriormente con su liquidación se independizó y compró lo necesario paraa quienes en sus tiempos libres complacía con sus hermosos diseños, esto hizo más fácil el lograr emprender su propia aventura de negocios, la cual inició en patio de su casa, como hasta hoy lo tiene. En la actualidad está aplicando a su quinto financiamiento con la Fundación Mario Santo Domingo, organización con la que tiene 7 años de estar vinculado. Con sus anteriores créditos ha logrado aumentar su capital de trabajo, sacar adelante a su familia y aumentar su bienestar. Su meta más adelante es tener su casa propia y lograr el crecimiento de su negocio y generar empleos. Con su credikiva, al que está aplicando, comprará materiales como pintura, icopor, pinceles, lápiz, borradores, cintas, para aprovechar la temporada navideña, época en la cual Ricardo usualmente hace su máxima venta.

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
  • 498
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,916.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Ricardo to buy materials like paint, styrofoam, paint brushes, pencils, erasers, tape,.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2011
Listed
Nov 21, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012