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Edwin
Edwin, 44, lives in the city of Cartagena with his wife and their 2 year-old child. There, in this beautiful and historic city, he works as a carpenter. He started this business 15 years ago when he was working in a cabinetmaking shop. Since he really enjoyed this trade, he had the idea of studying architecture, and so he began to improve his work. Over time, he became quite well-known, and so he decided to start working independently in his own home. He started up his own business in a workshop, gradually buying the tools and equipment he needed. His workshop has done very well, and he has a lot of expansion plans, but he lacks sufficient working capital to implement these plans as quickly as he would like. This is the reason that he came to seek a Kiva loan. This will be his first loan from the Fundación Mario Santo Domingo, and with it he will buy supplies and raw materials so that he can make some new designs, such as wood, paint, lacquer, glue, tacks and screws, and he will also invest some of the money in making some improvements to his workshop. He will put in new wood flooring and will also add a roof that will allow him to work in better conditions, especially during the rainy season. His goal for the future is to make his important purchases in bulk so he can obtain a good discount. To do this, he will prepare to participate in each loan cycle offered by this institution.
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Edwin de 44 años de edad vive en la ciudad de Cartagena con su cónyuge y su hijo menor de dos años de edad. Allí en esta hermosa e histórica ciudad, se dedica al oficio de carpintería; actividad que inició cuando trabajaba en una ebanistería hace 15 años; como le gustó mucho este oficio, se propuso estudiar arquitectura y así empezó a mejorar su trabajo, ganando mucho reconocimiento, por eso decidió independizarse y en su propia casa emprendió su propio negocio en un taller, comprando poco a poco las herramientas y los equipos necesarios para hacerlo. En este taller le ha ido muy bien y sus planes de crecimiento son muchos, pero su capital de trabajo es insuficiente para hacerlo, tan pronto como él quiere. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace la Fundación Mario Santo Domingo, con el cual comprará materias pri,as e insumos para fabricar nuevos diseños, como madera pinturas, lacas pegantes, puntillas taches, y también invertirá un poco en hacer adecuaciones a su taller, poniendo plantilla al piso y una cubierta que le permita trabajar en mejores condiciones especialmente en la época de lluvias. Su meta mas adelante es lograr compras en volúmenes importantes para obtener buenos descuentos y por eso se preparará en cada uno de los financiamientos que realice a esta organización.

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
  • 466
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,770.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Edwin to buy wood, paint, lacquer, glue, tacks and screws, and also to make some small improvements to his workshop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2012
Listed
Mar 11, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 19, 2013