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Jose
José, 39, lives with his wife and three children, who are between 10 and 16 years old. He has always been very creative, and this led him to think of his current job, which today generates the income to house and take care of his family. In 1994, when he returned from military service, he worked with his father in a small television repair workshop. In observing the market there, he became aware of the need to repair and maintain other electrical appliances. Thus four years later, he decided to start his own business. With little knowledge but with the support of more experienced friends, he organized his workshop bit by bit, acquiring experience and an ability to take risks, and it has paid off: he found clients in other cities, such as Cartagena, where he did very good work for four years and polished his technical skills. Returning to Barranquilla, with much more experience and a high chance of getting clients, he decided to set up business, in a strategic point in the family home. Today, he maintains electrical appliances and buys and sells them. His store is in his mother-in-law's house, where he lives with his family, and he generates additional income by selling cheese, purchased with the working capital produced by his business. He is very proud of all this, as it has made it possible for him to acquire much of what he needs to look after his own and his family's welfare.

He is currently applying to Kiva for the second loan he has received from microfinance partner the Mario Santo Domingo Foundation. He will use the money to buy a batch of televisions that have been offered to him at a good price so he can repair and resell them. This will generate a much higher profit margin, so this investment has to succeed. With his first loan from the Foundation, he bought tools, such as a Fluker tester, which is indispensable for the service he provides, since it is very precise. His future goal is to buy an oscilloscope, a soldering station, enhanced lighting, and a shop window, to take advantage of the fact that in the place where he is located, there are no other repair shops. But his biggest challenge is that before he can realize these future plans, he needs to get together enough working capital as quickly as possible. Still, he knows that little by little, he can achieve his dreams and finally have his own house for his family.
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José de 39 años de edad vive con su esposa y sus 3 hijos en las edades de 10 a 16 años. Él siempre ha sido muy creativo y esto lo llevó a idearse su emprendimiento, del cual hoy genera ingresos para lograr el bienestar de su familia. Desde el año 1994 cuando regresó de prestar el servicio militar, trabajó con su padre en un pequeño taller de reparación de teléfonos. Allí observando el mercado, fue conciente de la necesidad de atender la demanda de reparación y mantenimiento de otros aparatos eléctricos; fue así como de manera independiente 4 años después, decidió emprender su propio negocio, con poco conocimiento y apoyado por amigos de mucha experiencia, organizando su taller y poco a poco la experiencia adquirida y su capacidad de riesgo, fueron dando dulces frutos; consiguió clientes en otras ciudades , como en Cartagena, donde le fue muy bien trabajó durante 4 años y estudió perfeccionando sus habilidades técnicas. De regresó a Barranquilla, con mucha mas experiencia y un alto potencial de clientes, decidió ubicar un local, en un punto estratégico del lugar donde vivia, e inició nuevamente su oficio y se dio a conocer. Hoy se dedica al mantenimiento, la reparación de electrodomésticos y a la compra y venta de ellos, tiene su negocio en un espacio ubicado en un local en casa de su suegra, donde habita con su familia y genera otros ingresos con la venta de queso, capital de trabajo que también produjo su negocio, del cual hoy se siente orgulloso, pues le ha posibilitado adquirir mucho de lo necesario, para su bienestar y el de su familia. En la actualidad está aplicando a un credikiva, segundo financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará un lote de televisores que le han ofrecido a buen precio, para repararlos y venderlos, lo cual generaría un margen de ganancias mucho más alto y haría que esta inversión tenga éxito. Con su primer financiamiento en esta organización, pudo adquirir herramientas como teste Fluker, indispensable para el servicio que presta pues es muy precisa y le ha ayudado. Su meta mas adelante es comprar un osciloscopio, una estación de soldar, lámparas con aumentos, una vitrina de repuestos, aprovechando que en el lugar donde está ubicado no existe un punto comercial de repuestos. Pero su gran desafío, es que ante sus planes futuros, no tiene el suficiente capital de trabajo para lograrlo rápidamente, pero sabe que debe continuar trabajando para poco a poco lograr sus sueños y tener su propia casa para completar el bienestar de su familia.

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
  • 167
    View loans »
    Colombia Loans Fundraising
  • $12,834,025
    Funds lent in using Kiva
  • 1,760.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Jose to buy a batch of televisions to repair and resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2012
Listed
Mar 18, 2012
Currency Exchange Loss:
Covered
Ended:
May 19, 2013