Check out some available loans that are similar to this one!
Rafael
52 year old Rafael is married and has 2 children who are 16 and 32 years old. He works selling goods that he promotes through special catalogs. He began doing this 11 years ago when he was working as a guard. He decided to combine his job with other work that would also generate income in order to support his family. In this way, along with his wife, he spent 5 years making chichi (a sort of fermented drink), and reached daily sales of 300 bags which they delivered to stores and people in the neighborhood. But, because of transport complications for their product, which they had to move from the city of Barranquilla to the La Playa urban area, they didn't continue and decided to focus on having their own home. So, they got some land where, little by little, they built the house that the own today. At first they built it of wood, but, little by little, they were able to build parts from cement and they left a space empty with the idea of having a store there. They sold family groceries there for 3 years but the proliferation of these sorts of businesses in the neighborhood obliged them to change their store to an ice cream place, which they then ran for 3 more years. However, the continuous theft of electrical wiring almost left them broke and they had to lease the store space so that they could have a more secure income. Then Rafael and his wife decided to sell general supplies and to link themselves to companies that use catalogs to promote their products.
Rafael also has 14 years of work experience as a guard and has his own clients. Always supported by his wife, he has been able to bring up his children. At this time, he is applying for a Kiva loan and this will be the 6th loan he has received through Fundación Mario Santo Domingo, an organization he has been associated with for 8 years and which has helped him to grow his business and improve his living conditions. With his Kiva loan, he plans to continue improving his home and building walls. He has damp problems that are affecting his neighbor and also will finish building one of the rooms in the back part of the house so that there is space for all the family and greater peace.
View original language description ↓
Rafael tiene 52 años de edad, él es casado y tiene dos hijos en las edades de 16 y 32 años. Él se dedica a la venta de mercancía que promociona mediante guías especializadas de productos; su actividad inició desde hace 11 años, cuando trabajando como vigilante, decidió alternar su trabajo con una actividad que simultáneamente generara ingresos suficientes, para el sostenimiento de su familia. Fue así como en compañía de su esposa durante 5 años fabricaban chicha, logando una venta diaria de 300 bolsas, las cuales repartían entre tiendas y a particulares ubicados en su sector, pero por complejidad del transporte diario del producto, que debían trasladarlo desde la ciudad de Barranquilla hasta la Urbanización la Playa, decidieron no seguir y dedicarse a tener una vivienda propia. Fue así como se instalaron en un terreno donde poco a poco construyeron la vivienda que hoy poseen, inicialmente fue de madera, pero poco a poco lograron construirla en cemento y dejaron un espacio locativo decidido con el propósito de tener una tienda. Allí vendían artículos de la canasta familiar por un tiempo de 3 años, pero la proliferación de este tipo de negocios en el sector, los obligó a cambiar de actividad por una heladería y donde también estuvieron 3 años más, pues el hurto continuo del cableado eléctrico, casi los dejó descapitalizados, teniendo que arrendar el local, con el fin de generar ingresos mas seguros. Rafael y su esposa decidieron entonces, vender mercancías en general y vincularse con proveedores que le suministran catálogos para promocionar los productos. Rafael también tiene 14 años de trabajar como vigilante de un edificio y maneja su propia clientela. Siempre apoyado por su esposa, ha logrado sacar adelante a sus hijos. En la actualidad está aplicando a un credikiva, sexto crédito que recibe de la Fundación Mario Santo Domingo, organización a la que está vinculado, hace 8 años y de su mano ha logrado hacer crecer su negocio y mejorar sus condiciones habitacionales. Con su credikiva planea continuar mejorando su vivienda y levantar paredes, pues tiene problemas de humedad que afectan a su vecino, así mismo terminará de construir una de sus habitaciones en la parte trasera de la vivienda, para lograr el acomodamiento de toda su familia en su hogar y mayor sosiego.

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
  • 498
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,760.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Rafael to build walls as he has a problem with damp, and to build a room in the back part of his house.
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:
Apr 18, 2013