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Edwin
Edwin is 28 years old and has had a cement block factory for 3 years. He is experienced, learning from his father who is a bricklayer by trade and and who taught Edwin everything he knows. Once Edwin decided to become independent of his father, he facilitated the capital and Edwin began to produce cement blocks; which he sells today to individual customers and in the hardware sector. He production process is made up mixing the materials, casting and drying. His sales are made in cash daily as are the purchases of important hardware stores in the municipal of Malambo, where he lives. His main goal is to increase his production and make adjustments to his housing, but his greatest challenge is the lack of working capital to increase his productive capacity.
Today he is applying for a Kiva loan with which he will buy sand and cement to make blocks and molds. With this investment he will achieve increasing his production and increasing his profits, doing much for the welfare of Edwin and his family.
View original language description ↓
Edwin tiene 28 años de edad y se tiene una fábrica de bloques desde hace 3 años, experiencia, aprendiendo de su padre quien es albañil de oficio y transmitió a Edwin todo su saber. Una vez Edwin decidió independizarse su padre le facilitó un capital y comenzó, a producir Bloque; lo cual hoy vende a clientes particulares y en ferreterías del sector, el desarrolla su proceso productivo mediante la mezcla-de materiales, el vaciado y el secado, sus ventas las realiza de contado, todos los días y así mismo las compra en Ferreterías importantes del municipio de Malambo, donde habita. Su principal meta es incrementar su producción, hacer adecuaciones a su vivienda, pero su gran desafío, es la falta de capital de trabajo para incrementar su capacidad productiva.
En la actualidad está aplicando a un credikiva, con el cual comprará arena, cemento para elaboración de bloques y moldes, con esta inversión logrará aumentar su producción y aumentar cada vez más sus ganancias, con la cual lograr mucho mas bienestar para el y su familia.

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
  • 193
    View loans »
    Colombia Loans Fundraising
  • $13,090,925
    Funds lent in using Kiva
  • 1,800.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Edwin to purchase sand and cement for the making of blocks and molds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2012
Listed
Sep 27, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013