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Orlando
Orlando, 68 years old, started his metal shop when the business where he used to work was closed. With more than 20 years of experience and with the parts for industrial machines, injection pumps, and foundry machines in his hands, he decided to start his own entrepreneurial adventure and began his own business, which today offers many metalworking services. He makes his purchases on a weekly basis and sells daily, and his principal clients are those businesses that have become his fixed buyers and who are continuously recommending new clients.

His goal for the future is to buy a metalworking lathe, in order to leave a strong empresarial legacy for his children. This is why he works so hard every day, hoping to improve his work all the time.

He is currently applying for this loan from Kiva which he hopes to use to buy materials such as iron, bronze, aluminum, welding equipment and metal rods. His loan will be helpful because he currently works asking for a down payment from his clients of 50%, in order to buy the materials that he needs to begin his work. Currently his working capital is not sufficient to make all his purchases. With this loan he will be able to work more comfortably and better attend his current clients, while also increasing his client base.
View original language description ↓
Orlando de 68 años, inició su negocio de servicios de metalmecánicas, una vez cerraron la empresa donde trabajó, con toda esa experiencia de mas de 20 años y con repuestos para máquinas industriales, bombas de inyección, bujes para maquinas de tipografía, en sus manos, decidió emprender su propia aventura empresarial dando inicio a su propio negocio, en el que hoy ofrece servicios de mecánica industrial como repuestos, bombas de fusión, bujes, para maquinas etc. Sus compras las realiza semanalmente y vende diariamente, sus principales clientes son las empresas que se han convertido en sus fijas compradoras y le refieren nuevos clientes. Su meta mas adelante es comprar un torno, para dejarle un legado empresarial importante a sus hijos y por eso se esfuerza diariamente, para que su trabajo sea cada vez mejor. En la actualidad está aplicando a un credikiva, con el cual comprará materiales, como acero, bronce, aluminio, soldadura, varillas necesarias para ofrecer un servicio oportuno y sin desembolso inicial de recursos por parte de clientes, que muchas veces no cuentan con ello en ese momento. Su credikiva lo beneficiará porque en la actualidad trabaja solicitando un anticipo del 50% a sus clientes, para comprar los materiales e insumos, con los que iniciar su tarea, pues su capital de trabajo resulta insuficiente para hacer sus compras; con el credikiva trabajará más holgadamente y atender a los clientes que se presenten y aumentar el número de estos. .

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
  • 265
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Orlando to buy materials including iron, bronze, aluminum, welding equipment and metal rods.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2012
Listed
Aug 24, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013