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Two years ago, Luis took a look at his savings and realized that, besides investing in the purchase of his own home, he had enough to undertake a business to generate income. So it happened that while watching a friend in the market, he realized the need to offer washing machine rentals to help families, especially housewives, with their daily chores. These days he feels very pleased that he made that decision and wants to expand his business.

He makes his sales daily, offering his services from 8 in the morning until 8 at night. His goal is to increase his inventory in order to generate more income and, with that, to continue creating a better quality of life. Now he is applying for a Kiva loan, with which he will buy washing machines to help him reach his goal of increasing his income-generating rentals: a dream of prosperity that he will reach little by little.
View original language description ↓
Luis hace dos años, revisó sus ahorros y se dio cuenta que además de invertir en la compra de su propia vivienda, le alcanzaban para emprender un negocio que le generara ingresos. Así fue como observando con un amigo el mercado, percibió la necesidad de ofrecer servicios de alquiler de máquinas para lavar que le facilitaran a las familias, especialmente a las mujeres de hogar sus tareas diarias. Hoy se siente muy satisfecho de haber tomado esta decisión y quiere hacer crecer su negocio. Sus ventas las realiza diariamente, ofreciendo el servicio desde las 8 de la mañana hasta las 8 de la noche. Su meta es incrementar sus activos, para generar más ingresos y con ello continuar generando una mejor calidad de vida. En la actualidad está aplicando a un credikiva, mediante el cual comprará lavadoras que le ayudes a lograr la meta de incremento de sus ventas generadoras de nuevos ingresos, sueño de prosperidad que poco a poco conseguirá.

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
  • 367
    View loans »
    Colombia Loans Fundraising
  • $15,606,000
    Funds lent in using Kiva
  • 1,942.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Luis to buy washing machines to rent out.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 13, 2013
Jan 6, 2014
Currency Exchange Loss:
Sep 17, 2014