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Samih
Samith, 23, makes a living renting out washing machines from his home, where he lives with his partner and 8-month-old son. His business began wen he saw that several of his relatives who live in other towns have the same type of business, which is very useful for them in generating an income for their families. Therefore, he decided to start up a business and dedicate all of his efforts to this work.

Currently, he opens his business from 7am until 8pm every day of the week. His main goal is to generate more income from this business, so he needs to grow his working capital. This is the reason why he has applied for a Kiva loan, which is his first with the Fundación Mario Santo Domingo. He will use this loan to buy four more washing machines. This will help increase his income and improve his family's quality of life, which is his greatest challenge.
View original language description ↓
Samith de 23 años de edad, se dedica al alquiler de lavadoras en el domicilio donde habita con su cónyuge y su hijo de 8 meses de edad. Su negocio inició, al ver que varios de sus familiares que habitan en otras localidades, realizan este mismo negocio y les es muy útil para genera ingresos familiares, por eso decidió emprenderlo y agregarle toda su fuerza de trabajo. En la actualidad su negocio está abierto desde las 7 de la mañana, hasta las 8 de la noche, todos los días de la semana, pues tiene como meta principal, generar mas ingresos por concepto de este mismo negocio y para ello debe hacerle crecer su capital de trabajo; esto 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 4 lavadoras mas, con ello aumentarán sus ingresos y mejorará la calidad de vida de su familia y es que este es su principal desafío.

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
  • 283
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,813.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Samih to buy four washing machines.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 4, 2013
Listed
Feb 28, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2014