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Italo
Ítalo is 32, and lives south of the city, where he repairs and maintains cell phones and also sells accessories for these products. When he began his business, Ítalo did so selling chargers and batteries only. But he took a course in cell phone repair and maintenance and added this service; understanding that it is closely associated with his market, and that he did it previously, but very poorly.

By supplementing his work experience with training, he succeeded in perfecting his skill seven years ago; so things have gone very well, because besides succeeding in being independent, he has earned income to support himself and his family.

Currently his customers are asking him to add the sale of cell phone minutes. Also, his turnover of products is rapid, so he must have an inventory of them to be able to respond to his buyers in a timely way. This is precisely the reason why he is applying for his credikiva loan, his first from Fundación Mario Santo Domingo.

With the loan he will buy cell phone cases, chargers, a telephone display case, and cell phone plans, so that he can respond to the requests of his customers. This is why the investment would assure his success.
View original language description ↓
Ítalo de 32 años vive al sur de la ciudad, donde se dedica al mantenimiento y a la reparación de celulares y también a la venta de accesorios derivados de estos productos. Ítalo cuando comenzó su negocio lo hizo comercializando carcazas, cargadores y batería solamente, pero como hizo un curso de reparación y mantenimiento de celulares, agregó este servicio, entendiendo que está muy asociado a su mercado y que anteriormente lo realizaba pero muy deficientemente. Complementando su actividad con la formación logró perfeccionar la técnica hace 7 años y con ello le ha ido muy bien, porque además de lograr ser independiente, ha conseguido ingresos para su sustento personal y el de su familia.. En la actualidad la clientela le pide que adicione la venta de minutos a celulares y como tiene productos que rotan rápidamente, debe tener un inventario de ellos para poder responder oportunamente a sus compradores. Esta es justamente la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante la cual comprará carcazas, cargadores, display de teléfonos y planes de celulares, para responder a las solicitudes de su mercado, inversión que por esta razón garantizaría su éxito.

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
  • 192
    View loans »
    Colombia Loans Fundraising
  • $13,162,950
    Funds lent in using Kiva
  • 1,759.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Italo to buy cell phone cases, chargers, a telephone display case, and cell phone plans.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2012
Listed
Mar 31, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013