A loan of $650 helped to buy a batch of televisions to repair and resell.


Jose's story

José, 39, lives with his wife and three children, who are between 10 and 16 years old. He has always been very creative, and this led him to think of his current job, which today generates the income to house and take care of his family. In 1994, when he returned from military service, he worked with his father in a small television repair workshop. In observing the market there, he became aware of the need to repair and maintain other electrical appliances. Thus four years later, he decided to start his own business. With little knowledge but with the support of more experienced friends, he organized his workshop bit by bit, acquiring experience and an ability to take risks, and it has paid off: he found clients in other cities, such as Cartagena, where he did very good work for four years and polished his technical skills. Returning to Barranquilla, with much more experience and a high chance of getting clients, he decided to set up business, in a strategic point in the family home. Today, he maintains electrical appliances and buys and sells them. His store is in his mother-in-law's house, where he lives with his family, and he generates additional income by selling cheese, purchased with the working capital produced by his business. He is very proud of all this, as it has made it possible for him to acquire much of what he needs to look after his own and his family's welfare.

He is currently applying to Kiva for the second loan he has received from microfinance partner the Mario Santo Domingo Foundation. He will use the money to buy a batch of televisions that have been offered to him at a good price so he can repair and resell them. This will generate a much higher profit margin, so this investment has to succeed. With his first loan from the Foundation, he bought tools, such as a Fluker tester, which is indispensable for the service he provides, since it is very precise. His future goal is to buy an oscilloscope, a soldering station, enhanced lighting, and a shop window, to take advantage of the fact that in the place where he is located, there are no other repair shops. But his biggest challenge is that before he can realize these future plans, he needs to get together enough working capital as quickly as possible. Still, he knows that little by little, he can achieve his dreams and finally have his own house for his family.

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Translated from Spanish by Kiva volunteer Ross Forman



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