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Romario
Romario, 20, has been in the washing machine rental business since 2010. A friend of his, who was the owner of the business, asked him to join the company and now Romario is the full owner since his friend had to go off to study and left his part to Romario. He works from home from 7:00 a.m. to 9:00 p.m. tending to customers who mainly are neighbors.

His goal is to increase his customer base to generate enough income to pay for a good education. Romario is currently requesting his third CrediKiva loan through the Mario Santo Domingo Foundation. He will use it to buy three more washing machines so he can have access to new customers and begin striving toward his goal of prosperity.
View original language description ↓
Romario de 20 años de edad, se dedica al alquiler de lavadoras desde el año 2010, pues su amigo, antiguo propietario de este negocio le pidió asociarse con él y hoy en día ya es de propiedad de Romario, porque él, su amigo, debió irse a estudiar, dejándole su parte a Romario. Su negocio lo realiza desde su domicilio en un horario que va desde las 7 de la mañana hasta la 9 de la noche a sus clientes que son principalmente sus vecinos del sector. Su meta es lograr aumentar su clientela para generar ingresos y poder pagarse una buena educación. En la actualidad Romario está aplicando a un credikiva tercer financiamiento que hace a Fundación Maro Santo Domingo, mediante el cual comprará 3 lavadoras más, para potencializar el acceso de nuevos clientes y así iniciar su sueño de prosperidad.

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
  • 471
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    Funds lent in using Kiva
  • 1,925.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Romario to buy three washing machines.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jun 28, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 19, 2014