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Cayetano

Update on Cayetano

Cayetano in his carpentry business offers the services of maintenance of doors and windows and staining and refinishing of dining room sets, etc. His sales are made in cash to boat owners on a weekly basis, for which he works a 12 hour day.

He received a Kiva loan previously through the Fundación Mario Santo Domingo, which has permitted improvement to the infrastructure of his premises and his goal going forward is to continue improving his services with a well fitted out facility.

He is currently applying for a new Kiva loan financing through Fundación Mario Santo Domingo, permitting him to customize doors, windows, and living area sets in order to earn a little more money and expand his home.
View original language description ↓
Cayetano en su negocio de carpintería ofrece los servicios de mantenimiento de puertas y ventanas y de acabado y decoración de salas comedores etc. Sus ventas las realiza de contado a propietarios de barcos y la frecuencia de estas es semanal, para ello trabaja durante 12 horas diarias. El anteriormente recibió un crédikiva de la Fundación Mario Santo Domingo, que le ha permitido mejorara la infraestructura de su local y su meta mas adelante, es continuar perfeccionando sus servicios de atención al cliente con un local bien condicionado. En la actualidad está aplicando a un nuevo credikiva, financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual hará adecuaciones a puertas ventanas y juegos de salas para ganar un poco mas de dinero y ampliar su vivienda.

Previous Loan Details

Cayetano is 75 years old. He is the owner of a carpentry shop located in the city of Cartagena, where he lives with his wife and seven children who are between the ages of 25 and 51. He began learning his trade when he was 14 years old, from a carpenter who he helped at that time. From there, he ... More from Cayetano's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Colombia

  • $11,100
    Average annual income
  • 560
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,899.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Cayetano to customize doors, windows and furniture sets.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2013
Listed
May 30, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 23, 2014
This photo was used before for a previous loan for Cayetano. It was first posted on Kiva on May, 2012. Learn More