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Henry
Henry is 22 years of age, and owns a car workshop with a partner. The shop is located in the city of Bogotá where he lives, and is where he carries out his engine and accessory repair business, as well as assessing breakdowns and installing accessories.

Henry’s father began to teach him the tasks related to car mechanic services when he was 15, and little by little he has undertaken his own business venture. He now has regular, loyal customers, which he has obtained through referrals from car companies. He works from 8:30 am until 7 pm, and he offers his services on a cash and credit basis to customers who he knows well, and who are part of his purchaser network.

Henry would like to become more independent and have his own workshop, and is undertaking car mechanic training so that he can be up-to-date with the latest developments in the industry. His greatest challenge is the lack of tools and working capital to make this move, and this is why he has requested a Kiva loan. This is the first financing he has applied for from Fundación Mario Santo Domingo, and he will use it to buy a crane to lift engines, a metal spray gun and a compressor. Henry’s goal is to have his own workshop in the future, and to improve his car repair and maintenance services. To do so, he is constantly preparing himself on a day-to-day basis.
View original language description ↓
Henry de 22 años de edad, tiene un taller automotriz junto a un socio, el cual está ubicado en la ciudad de Bogotá, lugar donde habita y realiza las tareas de arreglo de motores y sus accesorios, diagnósticos de fallas e instalación de accesorios. Desde sus 15 años de edad, su padre le enseñó las tareas derivadas del servicio de mecánica automotriz y poco a poco ha conseguido emprender una ventura de negocios, tener una clientela fija y fiel, lograda mediante referidos de empresas de automóviles; su horario de trabajo se extiende desde las 8:30 de la mañana hasta las 7:00 de la noche; el servicio automotriz lo ofrece de contado y a crédito a clientes muy conocidos, que forman parte de su haber de compradores. Henry planea independizarse en un taller propio y está capacitándose para ello en el área de mecánica automotriz, para actualizarse en este tema; su mayo desafío es no contar con herramientas y capital de trabajo para lograrlo y esta es justamente la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará una grúa para subir motores, una pistola metálica y un compresor. Su meta es lograr mas adelante tener su propio taller y mejorar los servicios de mantenimiento y reparación de vehículos automotores y por eso se prepara día a día para conseguirla.

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
  • 140
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,822.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Henry to buy a crane to lift engines, a metal spray gun and a compressor.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2012
Listed
Sep 14, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013