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Francisco Manuel
Francisco, 44, lives with his spouse; they have five children whose ages range from 10 to 25 years. He owns a recycling center that’s been in operation about three years and which arose through his spouse’s initiative and is located in a small town near the city of Barranquilla. He works there with his spouse and his father-in-law selling copper, aluminum, tin, steel, bronze, cardboard and other types of recyclable materials. With his sales that are mainly to two important clients in the city he’s able to cover family and operational costs. He currently has no passives but has some basic fixed assets that are necessary for his business. His goal for later on is to have a truck of his own to transport the recycled materials but his working capital is insufficient at the moment to reach it.

He’s currently applying for his first Kiva loan which is also his first financing with Fundación Mario Santo Domingo that he’ll use to buy recyclables in larger amounts like copper, aluminum, tin, steel, bronze and cardboard to meet customer demand. Success of the investment rests on the fact that his sale is guaranteed and they will be able to respond to their market in an opportune way because sometimes they fall short of meeting customer demand.
View original language description ↓
Francisco de 44 años, vive con su cónyuge y tiene 5 hijos en las edades de 10 a 25 años. Él es propietario de una recicladora que tiene aproximadamente 3 años de estar en funcionamiento, producto de la iniciativa de su cónyuge y que está ubicada en un corregimiento cercano a la ciudad de Barranquilla; allí trabaja con su cónyuge y su suegro, comercializando cobre, aluminio, lata, acero, bronce, cartón y otros tipos de materiales reciclables. Con los ingresos generados por esta actividad, cubren sus gastos familiares y del negocio. Con sus ventas que son principalmente a dos clientes importantes de la ciudad, cubren sus costos y gastos operativos, su capital de trabajo está representado básicamente en existencias de material reciclable, no tiene pasivos actualmente y cuenta con unos activos fijos básicos para el desempeño de su negocio. Su meta mas adelante es tener su propio camión para el traslado de los productos reciclados, pero su capital de trabajo es insuficiente en este momento para lograrlo. En la actualidad está aplicando a su primer credikiva, también primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará material reciclable en mayor cantidad,como cobre, aluminio, lata, acero, bronce, cartón, para atender la demanda de su clientela; el éxito de esta inversión radica en que la venta está garantizada y que responderán oportunamente a su mercado, pues hay veces se quedan cortos ante la demanda de sus clientes.

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
  • 247
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,757.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Francisco Manuel to buy recyclable materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2012
Listed
Mar 26, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013