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William Arturo
William Bolívar S., 32, has a family composed of his wife and three children, whose ages range from 11 to 15 years. He has supported his family through is work in leather goods. He has a business where he manufactures and sells purses, belts, shoes and accessories, made from leather and synthetic materials, located in the Techo neighborhood which is very close to the Plaza de las Américas in the Zona Rosa (trendy area) in the southwest part of Colombia’s capital.

In the year that he has been associated with the Fundación Mario Santo Domingo he has managed to improve the infrastructure of his locale leading to improved display of his merchandise; he added Hindu clothing and footwear to his inventory recently with which he creates beautiful complete outfits which cause many people to come by to buy sets made up of dress, shoes, purse and accessories in order to project a good image in their way of dressing.

He is asking for his second loan because he needs to buy leather, synthetics and Hindu clothing in order to continue to manufacture products that are color-coordinated and designed fashionably.

His dream for the long run is to have his own home and an elegant store. His daily challenge is to increase sales, adding value and new products such as sandals and Hindu clothing which he began to sell a year ago when sales dropped; this decision has brought about revitalized sales.
View original language description ↓
William Bolívar S. a sus 32 años tiene una familia conformada por su esposa y 3 hijos en edades de 11 a 15 años, que ha sacado adelante mediante su trabajo en el sector de marroquinería; él tiene un negocio donde elabora y comercializa, bolsos, correas, calzado y accesorios, usando materiales de cuero y sintéticos, en un local ubicado en el barrio Techo, muy cerca a la Plaza de las Américas, zona rosa del suroccidente de la capital de Colombia.
Con un año de vinculación a la Fundación Mario Santo Domingo, ha logrado mejorar su infraestructura locativa y con ello la exhibición de sus artículos de cuero y últimamente ha agregado ropa Hindú y calzado, con la cual logra unas hermosas combinaciones, que hacen que mucha más gente se acerque a comprarle en conjunto vestidos, calzado, bolsos y accesorios, para proyectar una buena imagen al vestir. En la actualidad está solicitando su segundo financiamiento y necesita comprar cuero, sintéticos y ropa hindú para seguir fabricando productos bien combinados en colores y diseños adaptados a la moda.
Su sueño más adelante es tener una casa propia y un punto de venta elegante. Su desafío diario es incrementar las ventas, agregando valor y nuevos productos, como las sandalias y la ropa hindú, que hace un año está comercializando porque se bajaron sus ventas, y con esta decisión logró dinamizarlas.

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
  • 493
    View loans »
    Colombia Loans Fundraising
  • $14,964,925
    Funds lent in using Kiva
  • 1,950.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped William Arturo to buy leather, synthetics and Hindu clothing to continue producing products that are color-coordinated and designed according to current fashion.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2010
Listed
May 16, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011