100%

funded

Total loan: $875

Fredy Rafael

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Cartagena de Indias, Bolivar, Colombia / Manufacturing

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A loan helped to invest in the purchase of iron bars, aluminum, copper, and material for welding.


Fredy Rafael's story

Fredy Rafael is a micro-entrepreneur who is 53 years old. He resides in the city of Cartagena with his family.

This entrepreneur has a lot of experience as a welder. He worked for a company for a long time, and then he left his job in order to ply his trade as an independent.

Fredy made the most of the growth and development of the residential area where he lives, when he started his welding and sink workshop business. This activity has enabled him to earn very good profits, which has meant an improvement in his family's quality of life.

Fredy thinks that the key to his business strategy is proposing payment plans enabling more customers to access his services, which will increase his productivity. This entrepreneur wants to have better negotiating power with his suppliers, since in buying the metal in bulk, he will earn a greater margin of profit.

Currently, he is applying for a Kiva loan, the first financing he is getting with Fundación Santo Domingo, to invest in the purchase of iron bars, aluminum, copper, and material for welding. Do support him in this loan; it will be a success.