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Eufrosina
Eufrosina, 65, lives in Arjona, a city in Bolívar department, where she runs a motorcycle rental service. She started the business five years ago when she noticed that the numbers of motorcycles in the area had increased. Her main clients are motorcycle owners who offer transport service in Arjona. She offers them wash and wax service form 6 a.m. until 9 p.m.

She previously received a loan from Fundación Mario Santo Domingo, which helped her increase her client base. She now wants to buy two more washing machines, but she lacks the capital to do so. She has applied for a Kiva loan to buy the equipment she needs to meet her goal to increase her income, to balance the accounts, and to effectively manage the business. Eufrosina employs two people to wash the motorcycles, and they earn 50% of the profit they produce daily.
View original language description ↓
Eufrosina tiene 65 años de edad y habita de Arjona un municipio del departamento de Bolívar, donde tiene el negocio de alquilar motocicletas, actividad que hace 5 años inició, cuando observó que se incrementaron el número de estos vehículos en esta población. Sus principales clientes son los propietarios de motocicletas que ofrecen el servicio de transporte en Arjona, a quienes les ofrece el servicio de lavado y engrase desde las 6 de la mañana hasta las 9 de la noche. En la actualidad ha recibido 1 financiamiento de la Fundación Mario Santo Domingo, con el cual logró incrementar el número de sus clientes y hoy quieren comprar 2 lavadoras más; pero como su capital de trabajo no es suficiente para cubrir esta expectativa, está aplicando a un crédikiva, mediante el cual comprará los equipos de trabajos que requiere, pues su meta es continuar incrementando sus ingresos y ordenar sus cuentas para controlar efectivamente su negocio. Eufrosina cuenta con 2 trabajadores que lavan las motocicletas y ganan el 50% de la utilidad que se produce diariamente.

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
  • 554
    View loans »
    Colombia Loans Fundraising
  • $14,699,175
    Funds lent in using Kiva
  • 1,829.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Eufrosina to buy two motorcycle washers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2013
Listed
Mar 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 20, 2014