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Alberto
Alberto leases washing machines and provides telecommunication services by the minute; he also sells general merchandise. He generates income to support his family, composed of his wife and two children who are 14 and 18 years old, with these three businesses.

He started his business when he returned from Venezuela, a bordering country where he used to live. He brought some savings with him that served as seed capital to start his own business venture that will help him support his home because he didn’t find employment opportunities.

He bought six washing machines, a public service taxi and two mobile phones together with his brother with which he was able to sustain his business. He’s added more services, mobile phone recharges, which is very profitable. He’s also improved the business’ infrastructure with new washing machines because his clientele has grown.

His goal for later on is to position himself in the mobile phone technology commercial marketplace; they want to sell accessories and more modern equipment. His greatest challenge is lacking sufficient working capital to make the investment immediately and this is why he’s calling on a Kiva loan, his first financing with Fundación Mario Santo Domingo by means of which he will buy mobile phone recharges and repair his washing machines so that they will not wear away and with this he’ll strengthen his business making it more successful each time.
View original language description ↓
Alberto se dedica a alquilar lavadoras, ofrece el servicio de telecomunicaciones por minutos y vende mercancía variada; tres actividades con las que genera ingreso y apoya el ingreso de su familia, conformada por su cónyuge y sus dos hijos en las edades de 14 a 18 años. Su negocio inició una vez regresó de Venezuela, país fronterizo donde vivía y trajo consigo unos ahorros que le sirvieron como capital semilla, para emprender su propia aventura de negocios, que le ayudara al sustento de su hogar, debido a que no encontró oportunidades laborales. Él compró 6 lavadoras, un taxi de servicio público y dos celulares, en compañía de su hermano, con lo cual ha logrado el sostenimiento de su negocio y ha agregado aun otros servicio, el de recargas a celulares, que es muy rentable, también ha mejorado su infraestructura de negocio, con nuevas lavadoras, porque su clientela ha crecido. Su meta mas adelante, es posicionarse en el mercado comercial de la tecnología celular y quieren vender accesorios y aparatos más modernos; su mayor desafío es no tener suficiente capital de trabajo para hacer inversiones de manera inmediata, esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprara recargas para celulares, hará reparaciones técnicas a sus lavadoras, para que no se deterioren y con ellos fortalecerá de manera inmediata su negocio, haciéndolo cada vez mas exitoso.

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
  • 529
    View loans »
    Colombia Loans Fundraising
  • $14,661,300
    Funds lent in using Kiva
  • 1,765.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Alberto to buy mobile phone recharges and to repair his washing machines.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2012
Listed
May 19, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013