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Carlos Julio
Carlos Rodríguez, 58, lives in beautiful Cartagena de Indias, a colonial city of friendly,Caribbean people surrounded by the immense sea. Here, near the beach and water, Carlos has a metal workshop in the patio of his house. He has been working at this profession his entire life, at first under contract for large businesses that built stores, transport terminals, refineries, and so forth. Then, having thought it over, he opened his own shop and started working as an independent contractor, using all his experience but at smaller tasks. He began his business because his pension represented the legal monthly wage, which was not enough to sustain his household. So he became an entrepreneur.

He is now applying for a Kiva loan, his first with Fundación Mario Santo Domingo, which he will use to buy a compressor for painting. The investment will be successful because with this tool he will improve the quality of his products by giving them an excellent finish. The financial figures for this business show an account turnover of 35 days and profit on sales of no less than 22%, reasons why he is projecting growth and expecting results from the Kiva loan. The numbers show that Carlos has made an impression in the market by offering good quality and safe products that his customers always request.
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Carlos Rodríguez de 58 años de edad vive en la hermosa Cartagena de Indias ciudad colonial de gente amable y muy caribe rodeada del inmenso mar. Allí en este ambiente de playa brisa y mar, Carlos tiene un taller de herrería en el patio de su casa, oficio en el que ha trabajado toda su vida, primero mediante contrato a través de grandes empresas, como estructuras de bodegas, terminales de transporte, refinería entre otros y después de haberse pensionado, trabaja en su propio taller, desarrollando una labor independiente en todo lo que fue su experiencia, pero en trabajos livianos. Su negocio inició debido a que el monto de su pensión representaba un salario mínimo legal mensual, con el que no completaba su tarea de sostener su hogar, por lo eso emprendió. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará un compresor para pintar, Inversión que será exitosa, pues con esta herramienta aumentará la calidad de sus productos, dándoles un excelente acabado. Los indicadores financieros de este negocio muestran una rotación de cuentas por cobrar de 35 días una rentabilidad sobre las ventas no menor del 22% , razones financieras desde las cuales proyectamos su crecimiento y el impacto de su credikiva, apuntándole a que Carlos impacte en el mercado ofreciendo calidad y seguridad en el producto que sus clientes solicitan permanentemente.

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
  • 190
    View loans »
    Colombia Loans Fundraising
  • $12,876,400
    Funds lent in using Kiva
  • 1,817.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Carlos Julio to buy a compressor for painting.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2012
Listed
Aug 31, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013