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Cristobal
Cristobal is 61 years old. He is the owner of a furniture making shop located in a town close to Barranquilla. He has 35 years of experience in this trade. He learned it when he was very young in his family's shop where he worked for a time until 1977. Then he created his own business by organizing a shop where he still offers items made of wood such as doors, windows, dining room, living room and bedroom sets, sideboards, etc. All of the steps in the carpentery process are done in his shop such as the design, the cutting, sanding, preparation, assembly and carving. He also sells there. He does his purchasing at well known sawmillls located in the same town. His customers are institutions, residents, and freinds from the area. They recommend him to other buyers and are Cristobal's customer base. His goal is to increase his sales level, outfit his business and repairing his home. At this time, his biggest challenge is getting enough working capital to buy raw materials in greater quantities and be able to save buy buying in high volume. This will make him more competitive. This is the reason he has turned to Kiva for the first loan he has taken out with Fundación Mario Santo Domingo. With it, he will buy wood, paint, glue and materials to make new designs. With this he plans on impacting his customers and making important sales that will add more working capital to his business and increase his earnings. This will once again fortify his family's wellbeing. His family consists of his spouse and his 4 children, aged 4 to 28.
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Cristobal de 61 años de edad es el propietario de un taller de ebanistería, ubicado en un municipio cercano a la ciudad de Barranquilla, oficio en el cual tiene 35 años de experiencia, pues aprendió esta actividad, desde muy joven en el taller de un familiar, donde trabajó un tiempo, hasta que en el año 1977, cuando creó su propio negocio organizando un taller donde aun ofrece artículos elaborados en madera, como, puertas, ventanas, juegos de comedor, sala, juegos de alcoba, escaparates etc; En su talles se realizan todas las operaciones del proceso de carpintería, como el diseño, el corte, lijado, preparación ensamble y tallado de la obra, además de su comercialización; sus compras las realiza en aserraderos reconocidos ubicados en el mismo municipio y sus clientes dos instituciones, los vecinos y amigos del sector, quienes le han recomendado nuevos compradores, que hoy forman parte de la base de clientes de Cristóbal. Su meta es la de incrementar su nivel de ventas, adecuar su negocio y reparar su vivienda. En la actualidad su mayor desafío es lograr el capital de trabajo suficiente, para hacer compras de materias primas en mayor volumen y lograr obtener ahorro en los precios por volumen, para ser más competitivo. Esta es justamente la razón por la cual acude a Kiva primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará madera, pintura, pegantes e insumos propios para fabricar nuevos diseños, con los que planea impactar a su clientela y obtener ventas importantes que agreguen mayor capital de trabajo a su negocio y el incremento de sus utilidades, para fortalecer cada vez mas, el bienestar de su familia conformada por su cónyuge y sus 4 hijos en las edades de 4 a 28 años. .

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
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,259,900
    Funds lent in using Kiva
  • 1,787.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $450 helped Cristobal to buy wood, paint, glue and other materials to make new designs.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 18, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 29, 2014