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Gabriel
Gabriel is 32 years old and lives in the city of Cartagena with his companion and their three children ages 1 to 9. There he has a cabinet maker's shop, an activity that he learned while working in a business with these same characteristics. He worked with the previous business for 10 years, and has been independent for five years, having purchased his own tools and machines to start his own micro business, which is how he and his family live now. His future goal is to have an industrial machine and to work particularly on doors in order to distribute them weekly via vendors. In his shop he works on many different pieces, including beds, dining room tables, shelves etc. In Gabriel's shop, his clients order products and give him a percentage of the price of the product so that he can get started on his business. Currently his capital is not sufficient to be able to grow the business and to respond to the needs of his clientele in the periods of highest sales for his products. For that reason he approached Fundacion Mario Santo Domingo, a Kiva field partner, in order to buy raw materials and agricultural products with his first Kiva loan. This is also the first financing that he has done with this organization. With this investment he will succeed in making new designs and exhibiting them in his shop.
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Gabriel de 32 años de edad vive en la ciudad de Cartagena con su cónyuge y sus 3 hijos en las edades de 1 a 9 años; allí tiene un taller de ebanistería , actividad que aprendió mientras trabajaba en un negocio, con estas mismas características, durante 10 años, para 5 años después independizarse y comprar sus propias sus herramientas y maquinarias e iniciar su microempresa de la cual vive él y su familia. Su meta mas adelante, es tener una máquina industrial y trabajar especialmente las puertas, para distribuirlas semanalmente a través de vendedores. En su taller trabaja muchas líneas, como camas, comedores, estantería etc; En el taller de Gabriel, sus clientes mandan a hacer sus productos y le dan un porcentaje del precio del producto, para que éste de inicio a su trabajo. En la actualidad su capital de trabajo, es insuficiente para lograr incrementar su negocio y responder a su clientela en las épocas de mayor rotación de los productos que Gabriel vende. Esta es la razón por la cual se acerca a la Fundación Mario Santo Domingo, para comprar materias primas e insumos con su primer credikiva, que es también el primer financiamiento que hace a esta organización; con este inversión logrará hacer nuevos diseños y exhibirlos en su taller.

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
  • 288
    View loans »
    Colombia Loans Fundraising
  • $13,892,025
    Funds lent in using Kiva
  • 1,919.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Gabriel to purchase raw materials and agricultural products.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2011
Listed
Dec 28, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012