Check out some available loans that are similar to this one!
Duban Enrique
Duban M. P., 45, is married and has three children, who are an 8-month-old baby and an 11-year-old and 15 years old. He is a mechanical engineer who worked for a company that declared bankruptcy. Because of this, he had to resign his position there and he began to work for a company that distributes popular consumer products. Once there, he came up with the idea to ask this company to give him merchandise on credit so that he could sell them from home to his close friends; these sales would be based on prior orders. Thus began his business filling orders for snacks, food items and beverages.

Soon, doing both jobs and with help from his wife and father, he was promoted in his job. However, this required frequent travel and weekly separations from his family, who increasingly needed the presence of both husband and father and “not just passing through” as his wife said. At the same time, his home-based business kept growing and he earned more from it than as a salaried employee. He decided to retire therefore and dedicate himself full-time to his family and his own business.

Duban has shelving in his living room that is filled with household items that are ordered from him via telephone and Internet. This is his work modus operandi; it isn’t a store that is open to the public but, rather, a type of warehouse that is set up to fill orders that are then sent out for home delivery.

He is very proud to be able to enjoy the company of his baby, his two children and his wife and to be able to be there for them in their day-to-day lives. Having his business at home has improved his family structure and he is able to control his income better which is of great benefit for his household.

His dream is to set up a self-service store and is looking for an appropriate locale for it. He has purchased new shelving and is preparing for an influx of customers because he wants to be more competitive, generate higher earnings and employment, especially in his family.

To start his journey toward meeting this goal he needs funding from Fundación Mario Santo Domingo to buy merchandise to fill his new shelves. His aim is to become known commercially there for this is his first loan request from the organization. His greatest challenges are his growth as a person and as an entrepreneur, to work persistently to educate his children, and to have his own home.

Duban lives in a neighborhood, Barrio Abajo, which is rich in Caribbean cultural traditions, near the site of Barranquilla’s Carnival; a neighborhood made up of enthusiastic people with a marked potential for baseball since it has the most well-known stadium from which have risen internationally famous baseball players, like Edgar Rentaría, who is now part of the US Major Leagues.
View original language description ↓
Duban M. P., tiene 45 años está casado y tiene 3 hijos en edades de 8 meses, 11 y 15 años. Él es un mecánico industrial que trabajó en una empresa declarada en concordato, razón por la cual se vio obligado a renunciar e ingresó en una distribuidora de productos populares de consumo; allì se le ocurrió la idea de solicitarle a esta empresa crédito en sus productos, para venderlos por encargo desde su casa a sus amistades mas cercanas; así empezó la venta de ranchos, víveres y bebidas por encargo. Muy prontamente, realizando las dos actividades, apoyado por su esposa y su padre, ascendió en su cargo, pero debía viajar constantemente y ausentarse semanalmente de su familia, que cada día necesitaba al padre y al esposo mas cerca, “y no de visita como decía su esposa”; simultáneamente su negocio crecía y ganaba mas en él, que como empleado. Así fue como decidió retirarse y dedicarse tiempo completo a su familia y a su negocio; Duban, tiene en la sala de su apartamento una estantería llena de productos de consumo familiar que le solicitan telefónicamente o por vía Internet, es así como el concepto que él maneja no es una tienda de exhibición al público, sino una especie de bodega instalada donde recibe pedidos y los envía a domicilio.

El está muy orgulloso de disfrutar a su bebe, a sus dos hijos menores de edad y a su esposa y de apoyarlos mas en su día a día; el negocio en su casa y en su dirección, ha mejorado el entorno familiar y controla mejor sus ingresos, lo que representa mayor bienestar en su hogar. Su sueño es montar su auto servicio y esta buscando un local, ha comprado nueva estantería y se prepara para aumentar su clientela, porque quiere ser más competitivo, generar mayores ingresos y mas empleo en especial en su familia. Para iniciar su camino de cumplir su sueño solicita un crédito a la Fundación Mario Santo Domingo, con el comprará mercancias para llenar sus nuevos estantes, intenta que allí lo conozcan comercialmente, pues este es la primera solicitud que hace a esta organización. Sus mayores desafíos son su crecimiento como persona y como empresario, trabajar persistentemente para educar a sus hijos y tener una casa propia. Duban vive en un barrio de tradiciones culturales de origen muy caribe , cercano a la casa del Carnaval, el Barrio Abajo compuesto de gente entusiasta, con un potencial beisbolero pues tiene el estadio mas reconocido que ha formado integralmente a beisbolistas internacionales como Edgar Rentaría, hoy en las grandes Ligas el béisbol de EEUU.

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
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,931.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Duban Enrique to buy stock inventory.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 24, 2010
Listed
Feb 23, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010