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Ricardo Antonio
Fourteen years ago, Ricardo decided to start his own business venture. When he became unemployed, several of his friends said they had no provider for the clientele, mechanical service shops and vehicle repair. Friends were the ones who allowed him to observe the niche market in which to venture.

Thus was launched the sale of automotive parts to vehicle owners and providing services in the workshops of his friends. Today his work is performed through catalogs working every day as required by his clientele, from 8 am to 5 pm.

The goal of Ricardo is to expand client coverage and for this reason he applied for a loan. With this financing from Fundación Mario Santo Domingo he willl purchase auto parts and spare parts for vehicles. In this manner, he will improve his business and will increase its capital, sales and volume of his business.
View original language description ↓
Desde hace 14 años Ricardo decidió emprender su propia aventura de negocios, cuando quedó desempleado y varios de sus amigos, le comentaron que no tenían proveedor para su clientela, sus amigos justamente mecánicos de talleres de mantenimiento y reparación de vehículo, fueron quienes le permitieron observar el nicho de mercado en el cual incursionar. Así fue como inició con la venta de autopartes a los propietarios de vehículos que recibían los servicios en los talleres de sus amigos. Hoy su tarea la realiza a través de catálogos trabajando todos los dias que requiere su clientela, desde las 8 de la mañana hasta las 5 de la tarde. La meta de Ricardo es ampliar la cobertura de clientes y para ello está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará auto-partes y repuestos de vehículos, mejorando su negocio pues aumentará su capital de trabajo, las ventas y el volumen de sus ofertas..

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
  • 239
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,886.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Ricardo Antonio to buy auto parts and spare parts for vehicles.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2014
Listed
Aug 13, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2015