Check out some available loans that are similar to this one!
Ramon  Antonio
Ramón García, 51, lives in the "Ciudadela 20 de Julio" neighborhood. He produces hand-made shoes and handbags. He has 3 children and 35 years of experience in this occupation, with which he has managed to generate income for himself and his children. He currently works with 2 of his children.

His sales are highest in the months between March and September, although in the other months sales are not bad, because he has many customers who prefer his products. In this line of work there is a lot of competition, but he is able to maintain the business because his prices are good and he is very responsible with delivering his orders. He works from 8am until 8pm Mondays through Saturdays, and this persistence gets results, as he is able to recoup his investment with a profit. However, he cannot respond quickly to his customers because he lacks sufficient capital to keep up with the pace at which his customers are demanding his products. For this reason he is requesting a Kiva loan, with which he will buy a greater quantity of raw materials and supplies to make purses and shoes that he already has orders for from stores in downtown Barranquilla for the upcoming season. His dream is to convert his small workshop into a large business, with a place where he can exhibit and sell his products and where he can produce custom-made items for the public.
View original language description ↓
Ramón García tiene 51 años y vive en la ciudadela 20 de Julio dedicado a la fabricación de bolsos y calzado artesanal, tiene 3 hijos y 35 años de experiencia en el oficio con él que ha logrado generar ingresos para el y para sus hijos porque en la actualidad trabaja con dos de ellos.
Sus ventas repuntan en los meses desde Marzo a Septiembre, aunque en los otros meses no le va mal, porque tiene muchos clientes que prefieren sus productos, en este sector hay mucha competencia, pero se sostiene con buenos precios y es muy responsable en la entrega de sus pedidos. Trabaja desde las 8:00 AM hasta las 8:00 PM de lunes a sábados y esta persistencia logra resultados, por eso recupera su inversión con utilidades, pero no responde rápidamente a sus clientes porque no tiene un capital adicional, con el que trabajar a la misma velocidad que requieren los clientes sus productos, este es la razón por la cual está solicitando su credickiva, con el cual comprará en mayor volumen materias primas e insumos para fabricar bolsos, calzados que ya tiene encargado en el centro de Barranquilla, a propósito de la temporada de fin de año.
Su sueño es convertir su pequeño taller, en una gran empresa con un punto de venta y exhibición para que el público escoja a la medida lo que quiere que Ramón le fabrique.

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

  • $6,070
    Average annual income
  • 177
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,802.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Ramon Antonio to buy materials to make handbags and shoes that he already has orders for.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2010
Listed
Sep 30, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011