1965 Mundo Cycles Caloi Racer

This hot mess is (or was) a 1965 Mundo Cycles "Caloi Racer," made in Brazil (not West Germany and not Japan, which apparently also had brands called Mundo, and not the modern cargo bikes). It's my latest, and perhaps most foolhardy purchase, although it was just a few bucks (some might argue that free would have been too much).

It's definitely in the worst shape of any of the bikes I've undertaken, but I'll give it a try. A much nicer bike of the same model is seen here. Suntour and Dia Compe components, but obviously not original handlebars, and the saddle seems to be missing. My main concern is a slightly bent right seat stay, which may or may not be a deal-breaker. The wheels may be goners, and I'm not so sure about either of the derailers. It's more of a "let's just see if I can" project than a really serious one. And a long-term one, certainly. Something to keep me off the streets, anyway. Here are a few more photos:

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