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Santiago Emiro
Santiago L. is a man living in San Jacinto, a municipality located in Bolívar department. He is a merchant selling hammocks, purses and artisanal items that are manufactured here. His good organization and help from his wife have been key elements in his business’ good development.

Initially Santiago was a farmer but past insecurity problems caused him to move to this town where his wife already had a crafts business in place.

Since starting with Fundación Mario Santo Domingo his life has changed. Now he has customers not only in town but also in cities like Cartagena and Barranquilla.

He used his first loan from this institution to increase his ability to supply his customers with the crafts they required and now he can offer better payment options. Increased profits have helped him make home improvements and pay for his children’s education.

His dream is to have his own store where he can sell everything related to his town’s crafts. This is why he makes the effort to increase his customer base daily and to have additional working capital through loans that will allow him to purchase assorted crafts to always have a wide selection of stock available.

The Kiva loan is his second loan. He will use it to buy hammocks, purses, backpacks, fabric for purses and zippers that will generate a 35% profit. The investment is guaranteed success because it will be applied during December, January and February which is when crafts sales spike because many tourists are on vacation and when they pass through this town they stop to buy in quantity either to resell or to keep as souvenirs or for their and their families’ own use.
View original language description ↓
Santiago L. es un hombre que vive en San Jacinto un municipio ubicado en el departamento de Bolívar, él es un comerciante de hamacas, bolso y productos artesanales que se producen en esa misma población. Su buena organización y el gran apoyo de su esposa han sido los elementos claves para el buen desempeño de este negocio. Inicialmente Santiago se dedicaba a labores del campo, pero las razones de inseguridad pasadas, hicieron que se trasladara a este municipio, donde ya su esposa tenía el negocio de artesanías posicionado. Desde que inició con la Fundación Mario Santo Domingo su vida ha cambiado, ahora tiene clientes no solo en el pueblo, sino también en ciudades como Cartagena y Barranquilla, con su primer financiamiento a esta organización, aumentó su capacidad de suministrar a los clientes las artesanías que le piden y ahora puede ofrecer mejores opciones de pago; sus incrementadas utilidades le han ayudado a arreglar su casa y a que sus hijos estudien. Su sueño es tener un local propio donde venda todo lo relacionado con artesanías de su municipio, por eso se esfuerza para que día a día aumenten sus clientes y por tener un capital de trabajo adicional producto de crédito que pueda ayudarlo a comprar variadas artesanías y a tener siempre su negocio surtido. Su credikiva es su segundo crédito, con él comprará hamacas, bolsos, mochilas, telas para bolsos y correderas , que le generarán un 35% de utilidad, esta inversión justifica su éxito pues se aplica en una temporada de Diciembre, Enero y Febrero, donde las ventas de artesanías repuntan, pues muchos turistas que están de vacaciones, al pasar por esta población llegan a comprarlas en importantes cantidades para venderlas, como suvenires, o para su propio uso y el de su familia.

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
  • 192
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,881.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Santiago Emiro to buy hammocks, purses, backpacks, fabric for purses and zippers that will produce a 35% profit.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2010
Listed
Nov 19, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012