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Osval
Osval is 34 years old and has a small shop in his home where he repairs car and motorcycle engines. He got the idea for this business when he became disabled following an accident while working as an employee for another business performing this type of work. He has faced this challenge decisively, with love and courage; these attributes led him start his own business venture.

This is how he came to offer his services to the community. He also offers other services, such as repairing washing machines and microwave ovens; he does these things out of the small shop in his home. His goal is to have a larger, more comfortable shop of his own. Currently, his greatest challenge is having enough working capital to stock his shop with all the parts he needs in order to do his job.

This is his reason for seeking a Kiva loan, which will be his first loan from the Mario Santo Domingo Foundation. With the loan proceeds he will purchase materials such as wire, spark plugs, circuit boards and other spare parts so that he can perform his work more effectively. This is what Osval's customers want, and what he needs to give them, since they are the reason his business exists. This business is what allows him to support himself financially.
View original language description ↓
Osval de 34 años de edad, tiene un taller donde presta el servicio de embobinar motores de vehículos. Su idea de negocio inició, cuando trabajando como empleado de una empresa dedicada a ofrecer este servicio, quedó discapacitado después de un accidente, desafío que debió enfrentar con decisión, amor propio y valentía, por eso decidió emprender su propia aventura de negocios. Así fue que acudió a su experiencia para ponerla al servicio de la comunidad y ofrecer otros servicios adicionales, dedicándose así a embobinar motocicletas, hacer mantenimiento de lavadoras, de hornos microondas, actividades que realiza a domicilio o en su pequeño taller instalado en el lugar donde habita. Su meta mas adelante es tener un local propio y muy confortable. En la actualidad su mayor desafío es tener el capital de trabajo suficiente, para abastecerse de repuestos que requiere para realizar los servicios que ofrece. Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el que comprará materiales para embobinar, como alambre, alambres, bujías, tarjetas electrónicas y otros repuestos, que garantizarán un trabajo mas efectivo, lo cual es justamente la respuesta, que siempre esperan sus clientes y que Osval necesita darla, pues ellos son la razón de ser de su negocio, con él cual él gana dinero para su propio sustento.

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
  • 361
    View loans »
    Colombia Loans Fundraising
  • $14,083,800
    Funds lent in using Kiva
  • 1,830.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Osval to purchase materials such as wire, spark plugs, circuit boards and other spare parts.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2012
Listed
Jun 6, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013