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Antonio
Antonio is 50 years old and has a recycling business in the municipality of Soledad. He started the business 7 years ago when he bought iron, aluminum, bronze, plastic and copper and made good profits by recycling them. For his business he has been able to buy his own vehicle to transport the materials, which allows him to do his work more effectively. The business has grown gradually, with the support of the 4 loans he has taken out through Fundación Mario Santo Domingo, which he used to buy his vehicle and a cart to haul the material. He sells the recyclable material for cash in a wholesale warehouse that is in the city of Barranquilla. His suppliers are collectors of recyclable materials in the city streets. His goal is to continue growing the business, to be able to buy in larger quantities and with the opportunities that exist in the market, be able to finally have his own storefront. He is currently requesting a loan to be used to buy iron, aluminum, copper and sheets of plastic. He wants to take advantage of this opportunity and achieve in the future his greatest challenge which is to open up a branch of his business.
View original language description ↓
Antonio de 50 años de edad tiene una empresa de reciclaje en el municipio de Soledad, el cual inició hace 7 años cuando comprando hierro, aluminio, bronce, papel plástico y cobre le produjo buenos ingresos; con su negocio ha logrado comprar su propio vehículo, para transportar el material, con el que hace efectiva su labor; este ha crecido gradualmente, apoyado por los 4 financiamientos de la Fundación Mario Santo Domingo, con los que ha logrado comprar su vehículo y una carreta para recoger material. Las ventas son al contado en bodegas mayorista de la ciudad de Barranquilla, sus proveedores son recolectores de los materiales reciclables en las calles de la ciudad. Su meta es lograr su crecimiento empresarial, comprando en mayor volumen y con las oportunidades que exige el mercado, para finalmente obtener su vivienda propia. En la actualidad está aplicando a un credikiva, con el que tendrá un dinero disponible para comprar Hierro, aluminio, cobre y papel plástico, ganarse el precio de la oportunidad y lograr en el futuro su mayor desafio que es emprender una sucursal de su negocio.

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
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,775.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Antonio to buy iron, aluminum, copper and sheets of plastic.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2012
Listed
Feb 15, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012