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Aroldo
Aroldo is 45 years old and lives with his wife and their 6 children, ages 9 to 19. He owns a bakery, which makes products derived from wheat flour such as breads, cakes and fried products. He distributes these products in stores in the neighborhood where he lives and small businesses in the same sector. Fried foods are prepared in the morning and the bread production process starts at 2 pm, so that the surrounding area is filled with the delicious smell of hot bread and his customers eat it for dinner time.

Aroldo's business is growing daily with more and more customers, so having additional working capital to buy inputs in greater volume for the bakery has become a great challenge. In addition, the inputs have increased in price permanently. Aroldo would also like to modernize his machinery. These are the reasons why he goes to Kiva. This is his first loan with the Mario Santo Domingo Foundation, through which he will buy materials such as wheat flour and a semi-industrial mixer that will improve his productive time and make his work process more efficient.

Aroldo's goal is to later have his own home, so he is striving toward it in order to improve his family's well-being.
View original language description ↓
Aroldo de 45 años de edad vive con su cónyuge y sus 6 hijos en las edades de 9 a 19 años. Él es propietario de una panadería, donde elabora productos derivados de la harina de trigo, como panes, tortas y también productos fritos que distribuye en tiendas del barrio donde habita y en negocios pequeños del mismo sector. Los productos fritos los prepara en las horas de la mañana y el proceso productivo del pan, a partir de las 2 de la tarde, para que su clientela se ambiente con el delicioso olor a pan caliente y lo consuma a la hora de la cena. Su negocio se mueve diariamente y de contado y su clientela crece cada vez mas, por eso tener un capital de trabajo adicional, para comprar en mayor volumen los insumos de panadería, los cuales aumentan permanentemente de precios, se convierte en un gran desafío, asì como también el modernizar su maquinaria. Estas son las razones por las cuales acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará materiales, como harina de trigo y una batidora semindustrial que mejorará sus tiempos productivos y hará mas efectiva su proceso de trabajo. Su meta mas adelante es tener su propia casa, por eso se esmera trabajando para lograrlo y aumentar así su bienestar familiar.

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Aroldo to buy materials such as wheat flour and a semi-industrial mixer.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2012
Listed
Jun 25, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013