A loan of $625 helped to buy a compressor for painting.

Carlos Julio's story

Carlos Rodríguez, 58, lives in beautiful Cartagena de Indias, a colonial city of friendly,Caribbean people surrounded by the immense sea. Here, near the beach and water, Carlos has a metal workshop in the patio of his house. He has been working at this profession his entire life, at first under contract for large businesses that built stores, transport terminals, refineries, and so forth. Then, having thought it over, he opened his own shop and started working as an independent contractor, using all his experience but at smaller tasks. He began his business because his pension represented the legal monthly wage, which was not enough to sustain his household. So he became an entrepreneur.

He is now applying for a Kiva loan, his first with Fundación Mario Santo Domingo, which he will use to buy a compressor for painting. The investment will be successful because with this tool he will improve the quality of his products by giving them an excellent finish. The financial figures for this business show an account turnover of 35 days and profit on sales of no less than 22%, reasons why he is projecting growth and expecting results from the Kiva loan. The numbers show that Carlos has made an impression in the market by offering good quality and safe products that his customers always request.

Translated from Spanish by Kiva volunteer

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