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Arnulfo
Arnulfo, 54, lives in the southwestern part of the city with his wife and two children, ages 15 and 16.

He has an appliance shop in his house where he does preventive maintenance and repairs small appliances such as blenders, irons, stoves, fans, and radios. He has 12 years of experience with which he has earned valued customers, mainly among his neighbors in the area.

His goals for the future are to have a bigger locale, expand his business, and give his children a quality education so they have the potential for success of which he and his wife dream.

Currently he's applying for a Kiva loan, his first financing from Fundación Mario Santo Domingo. He'll use it to buy axle boxes, coils, shafts, and solder in bulk to use as supplies in his workshop and sell to his customers when they need it.

His biggest challenge is having enough working capital to make his purchases, and this is what he'll achieve with his Kiva loan.
View original language description ↓
Arnulfo de 54 años de edad, habita al suroccidente de la ciudad con su esposa y sus dos hijos, en las edades de 15 y 16 años. Él tiene un taller de electrodomésticos, ubicado en su domicilio, donde hace mantenimiento preventivo y repara electrodomésticos menores, como licuadoras, planchas, estufas, abanicos, licuadoras y radios. Desde hace 12 años data su experiencia, con la cual ha ganado una importante clientela, principalmente entre sus vecinos del sector. Su meta es tener un local más amplio, mas adelante expandir su negocio y ofrecerles una educación de calidad a sus hijos, para que en un futuro tengan el potencial de exitosa con el que él y su esposa sueñan. En la actualidad está aplicando a un credikiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, mediante el cual comprará bujes, bobinas, ejes y soldadura en mayor volumen, para utilizarlo como insumos en su taller y venderlos a su clientela cuando estos lo requieran, porque su mayor desafío es tener el suficiente capital de trabajo, para hacer sus compras y esto es o que logrará con su credikiva.

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
  • 225
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,848.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Arnulfo to buy axle boxes, coils, shafts, and solder.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
Apr 19, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2013