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Cayetano
Cayetano is 75 years old. He is the owner of a carpentry shop located in the city of Cartagena, where he lives with his wife and seven children who are between the ages of 25 and 51. He began learning his trade when he was 14 years old, from a carpenter who he helped at that time. From there, he took all of his experience, dreamed of having his own workshop, and kept working until he achieved that in 1989. From that moment on he dedicated himself to making and selling furniture. He is simultaneously employed by companies because they know the quality of his work. Cayetano's goal is to expand his carpentry service to include metal working, and to have a larger workshop. He is currently planning on his first "credikiva," which will be the first financing that he has received from Fundación Mario Santo Domingo. He will use it to buy materials and supplies for furniture-making and he will also make some small adjustments to his workspace. This loan will be successful because it is based on orders that his customers have already made, and furthermore because Cayetano has generated a good client base thanks to his experience managing the business.
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Don Cayetano de 75 años, es el propietario de una carpintería ubicada en la ciudad de Cartagena donde vive con su esposa y tiene 7 hijos en las edades de 25 a 51 años. Desde sus 14 años aprendió su oficio, con un carpintero a quien ayudara en ese momento. De allí tomó toda su experiencia y siempre trabajaba soñando con su propio taller, hasta que en el año 1989 lo logró. Desde ese momento se dedicó a fabricar y vender muebles y también es contratado por empresas simultáneamente, porque conocen la calidad con la que trabaja. Su meta es ampliar sus servicios de carpintería a productos de metalmecánica, teniendo un taller más grande. En la actualidad está planeando su credikiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, con el que comprará materiales e insumos para elaborar muebles y también hará pequeñas adecuaciones locativas. Su credikiva tendrá éxito porque está fundamentado en pedidos que han hecho sus clientes y además por su experiencia en el manejo de su negocio, que le ha generado una acreditada clientela.

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
  • 505
    View loans »
    Colombia Loans Fundraising
  • $14,666,500
    Funds lent in using Kiva
  • 1,755.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Cayetano to buy materials and supplies for making furniture.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2012
Listed
May 14, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013