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Victor Manuel
Victor Manuel makes sandals and other footwear, but he must wait to collect the little money he makes from selling his products in order to reinvest. This means he can´t buy in large quantities, which would decrease his production costs and enable him to compete with better prices in a highly competitive market. That´s the reason why he is requesting a loan to the Fundación Mario Santo Domingo.The organisation got his attention when he heard about its services from a loudspeaker installed in a vehicle; he and his neighbours approached it to talk to its advisors and signed up on the spot.

Victor has three years experience in the business. His workshop is on the second floor of his house. He learnt to make footwear at the SENA (National Learning Services). He has since brought his innovative abilities and hard and constant work to the business - he works from 8am to 6pm from Monday to Saturday.

His target market is mostly sellers with shops strategically located in the centre of town, as well as housewives in his community, where his talent is well known. With the loan he plans to buy raw materials such as leather and leather by-produts, as well as other items such as sticky studs and other adornments that highlight the beauty of feminine feet and make his designs the prettiest in the Barranquilla market.
View original language description ↓
Víctor Manuel elabora sandalias y calzado en general, pero debe esperar recoger el poco capital de la venta de su producto para reinvertir y no le es posible comprar en un mayor volumen y así reducir los costos de su producción y competir con mejores precios en un mercado muy competido. Esta es la razón por la cual solicita su credikiva a la Fundación Mario Santo Domingo, organización que llamó su atención a través de un perifoneo donde conoció sus servicios y donde el y sus vecinos se acercaron al vehiculo que transportaba a sus asesores y allí se inscribió. Víctor tiene una experiencia de tres años en este negocio y su taller está ubicado en un segundo piso de su vivienda, aprendió a fabricar calzado en el Servicio Nacional de aprendizaje SENA y posteriormente ha ido agregándole su capacidad innovadora y su persistencia en el trabajo continuo, porque tiene un horario de 8:00 AM a 6:00 PM. de lunes a sábados. Su mercado está conformados por vendedores que tienen sus negocios en el centro y se ubican en sitios estratégicos, así como también son sus clientes las amas de casa de la comunidad donde vive, pues ya es muy reconocido por su talento.
Con su credikiva comprará materias prima como cuero y sus derivados, así como insumos, como pegantes taches y otros adornos, que resaltan la belleza del pie femenino y hacen de sus diseños los mas lindos del mercado de Barranquilla.
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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
  • 147
    View loans »
    Colombia Loans Fundraising
  • $12,811,350
    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 Victor Manuel purchase raw materials such as leather and leather by-products, as well as inputs such as sticky studs and other adornments that highlight the beauty of feminine feet.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2010
Listed
Oct 1, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011