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Armando
Armando’s a versatile man; he studied Textile Design and has two businesses: a wood working shop which is his main income producer and that’s a family tradition because his parents also worked in this same occupation and he also has a snack bar where he sells soft-drinks and snacks and that his spouse helps him with.

His wood working experience dates back 25 years so today he has a wide variety of products in his portfolio: he manufactures furniture for the home like living room sets, bedroom sets, doors, rocking chairs and decorative items like lamps, vases, fruit bowls and bases primarily. His goal for later on is to sell decorative items at wholesale because he’s currently just producing to customer order.

His greatest challenge is having sufficient working capital to meet growth expectations and this is precisely why he’s calling on a Kiva loan, his first financing from Fundación Mario Santo Domingo to buy wood, paint, glue and other supplies needed to produce in greater volume and to earn special discounts so that in this same manner he can sell in significant amounts. The reason he will be successful is his experience and the quality with which he does his work and because his presale activities so indicate.
View original language description ↓
Armando es un hombre polifacético, estudió diseño Textil, tiene dos negocios, una ebanistería generadora de sus principales ingresos, es de tradición familiar pues sus padres también trabajaron en este mismo oficio y tambien tiene una refresquería, donde vende refrescos y fritos y es apoyado por su cónyuge. Su experiencia en la ebanistería data de más de 25 años, por eso hoy tiene una gran diversidad de productos que ofrece en su portafolio; él elabora muebles para el hogar, como juegos de sala, de alcobas, puertas, mecedores y artículos decorativos como lámparas, floreros, fruteras, y bases principalmente. Su meta mas adelante, es comercializar artículos decorativos al por mayor, pues en la actualidad solo produce por encargos a sus clientes. Su mayor desafío es lograr un capital de trabajo suficiente para responder a sus expectativas de crecimiento y esta es justamente la razón por la cual acude a su credikiva, primer crédito que hace a la Fundación Mario Santo Domingo, con el cual comprará madera, pintura pegante y otros insumos para producir en mayor volumen y ganar descuentos especiales , para así mismo vender en importantes cantidades. Su razón de éxito es su experiencia, la calidad con que desarrolla su obra y porque sus actividades de preventa así se lo indican.

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
  • 486
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,770.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Armando to buy wood, paint, glue and other supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2012
Listed
May 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013