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Rafael
Rafael lives in the municipality of San Jacinto, a land characterized by its beautiful hammocks and backpacks woven on vertical looms, a traditional activity in this region of the country. His home is composed of his spouse and two children who are 2 and 7 years old who he plans to give as much wellbeing as he possibly can working persistently in his business making bags on vertical looms which is how he currently earns income. However, he believes that he has high growth potential that he hasn’t yet explored and he’s interested in furthering his growth in order to earn more money.

He learned this activity while working in another workshop where he made bags on a loom and when he was trained he went out on his own and launched his dream of starting a business of his own. With his business he’s managed to support his family and do some home improvements. His dream for later on is prosperity, to expand the business, improving his home and in future own a good vehicle.

Rafael is currently applying for his first Kiva loan which is also his first financing with Fundación Mario Santo Domingo that he will use to buy thread in larger volume to make bags because he needs to fill pending orders he has from customers which guarantees the success of his investment and the gradual increase of his working capital.
View original language description ↓
Rafael vive en el municipio de San Jacinto, tierra caracterizada por sus bellas hamacas y mochilas en tejido vertical, actividad tradicional en esta región del país. Su hogar lo conforma su cónyuge y sus dos hijos en las edades de 2 y 7 años, a quienes planea generar tanto bienestar como el que pueda, trabajando persistentemente en su negocio de elaboración de bolsos en tejido vertical, con el que actualmente genera ingresos, pero que considera tiene un alto potencial de crecimiento, que aun no ha explorado y a él le interesa proyectar su crecimiento para ganar mas dinero. Esta actividad lo aprendió mientras trabajaba en otro taller, donde se dedicaba a tejer bolsos en telar y cuando estuvo preparado se independizó y emprendió su sueño, de poner en marcha su propio negocio. Con su negocio ha logrado sacar adelante a su familia y mejorar las condiciones de su vivienda, haciéndole adecuaciones. Su sueño mas delante de prosperidad, es ampliar su negocio, mejorar su vivienda y en un futuro tener un buen vehículo. En la actualidad Rafael está aplicando a su primer credikiva, también primer financiamiento que hace a la Fundación Mario Santo Domingo, con el que comprará hilos en mayor volumen, para elaborar bolsos, pues necesita responder a pedidos que han hecho sus clientes, lo que garantiza el éxito de su inversión y el aumento gradual de su capital de trabajo.

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
  • 303
    View loans »
    Colombia Loans Fundraising
  • $13,796,725
    Funds lent in using Kiva
  • 1,796.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Rafael to buy thread in large amounts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2012
Listed
Jan 30, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013