Check out some available loans that are similar to this one!
Anselmo
Anselmo is 47 years old and lives in the city of Barranquilla and he is the father of a child who is 16 years old. He has a repair shop for motorcycles and he also offers his services to repair these vehicles. His shop has been in business for the past 6 years, when motorcycles began to become more popular as a common means of transportation, and thus created a need for preventative maintenance, upgrade vehicles, make repairs, and find parts.

The first things he did when he opened his business was to count the number of motorcycles that passed by his location and the number of other repair shops around him, and he perceived that the point of a shop was to work well and decided to get advice from his nephew, who knew a lot about the subject. That's how he began his family business, and little by little, he has grown his customer base, so that he is now known throughout the area. He sells brakes, tubing, Stop brand belts, brake fluid, chains, bulbs, and more.

He is currently applying for his second loan with Fundación Mario Santo Domingo. With the first, he was able to buy a larger number of parts and grow his business through a new inventory selection. With his current micro-loan, he will invest in buying tires for the motorcycles in bulk quantities, since this is the part in greatest demand in his business, and with these he will be able to increase once more the volume of his sales.
View original language description ↓
Anselmo de 47 años de edad vive en la ciudad de Barranquilla y es padre de un hijo de 16 años. Él tiene un almacén de repuestos para motocicletas y también ofrece en su taller el servicio de reparación de estos vehículos. Su negocio data desde hace 6 años, cuando empezaron a proliferar las motocicletas como el sistema de transporte popular y con ello la necesidad de hacer mantenimiento preventivo, actualizar los vehículos, repararlos y conseguir repuestos. Lo primero que hizo antes de iniciar su negocio fue contar el número de motocicletas que pasaban por el lugar y el número de proveedores de repuestos de su alrededor y percibió que el punto de ventas era funcionar y decidió asesorarse de su sobrino quien conocía el tema. Así fue como inició en un local familiar y poco a poco fueron aumentando sus clientes, hasta ser reconocido en el sector como hoy lo ha logrado, allí vende frenos, guayas, correas Stop, líquidos para frenos, cadenas, bombillos entre otros. En la actualidad está aplicando a un segundo financiamiento con la Fundación Mario Santo Domingo, con el primero logró comprar un mayor volumen de repuestos e incrementar sus ventas con nuevo inventario de artículos. Hoy con su credikiva lo invertirá en la compra de llantas de motocicletas en un mayor volumen, que es el repuesto de mayor rotación en su negocio y con ello aumentará una vez mas el volumen de sus ventas.

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
  • 482
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,824.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $825 helped Anselmo to buy tires for motorcycles.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2014