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Edgardo Jose
Edgardo has a shoemaker's workshop in his home in which he makes sandals, bags, purses, belts and all kinds of shoes, especially for women. His experience in the trade was acquired when he worked for 9 years in a large footwear company which operated an industrial free-trade zone. There, in spite of being in an administrative position, he learned all the techniques and stages of the production process. After leaving the company, he perfected his knowledge by attending a number of shoemaker's courses in the Servicio Nacional de Aprendizaje, SENA (the National Apprenticeship Service).

Currently Edgardo produces all kinds of footwear which he sells by the dozen in stores and warehouses across the city. He makes his sales for cash and occasionally allows 30 to 45 days for his customers to pay. His average profit margin is 43% and his monthly sales are on average $2,700,000. His workshop, although it is small, has an industrial sewing machine and all the manual equipment he needs to produce any type of footwear. Normally Edgardo works alone but in the end-of-year season his orders usually increase considerably and he hires an assistant who helps him cut his synthetic material and leather.

This is Edgardo's first loan from Fundación Mario Santo Domingo. He is requesting $1,000,000 which he plans to invest in the purchase of leather, synthetic material, rubber, soles and iron fittings. Edgardo says that one of his biggest achievements has been to sell his products in spite of the strong competition which he has seen from imports of similar products at lower prices but of inferior quality. He dreams of having a larger shoemaker's workshop, equipped with modern machinery and many employees. With his small workshop, Edgardo has managed to pay for his children to study in higher education which is his biggest pride.
View original language description ↓
El señor Edgardo tiene en su residencia un taller de zapatería en el cual fabrica sandalias, bolsos, carteras, correas y todo tipo de calzado, especialmente para damas. Su experiencia en el oficio la adquirió por trabajar durante 9 años en una empresa grande de calzado que funcionaba en una Zona Franca Industrial, allí, a pesar de estar en un cargo administrativo, aprendió todas las técnicas y etapas del proceso de producción. Después de haberse retirado de la empresa, perfeccionó sus conocimientos al realizar varios cursos de zapatería en el Servicio Nacional de Aprendizaje, SENA, que es la más importante escuela de artes y oficios del Estado. Actualmente, el microempresario produce todo tipo de calzado que vende por docenas en misceláneas y almacenes de la ciudad. Las ventas las realiza de contado y en ocasiones otorga de 30 a 45 días de plazo para el pago. El margen promedio de ganancia de su negocio es del 43% y sus ventas mensuales son en promedio de $2.700.000. El taller, a pesar de ser pequeño, está dotado de una máquina de coser industrial y todas las herramientas manuales para producir cualquier tipo de calzado. Normalmente el señor Edgardo trabaja sólo, pero en la temporada de fin de año los pedidos suelen incrementarse considerablemente y contrata a un ayudante que le colabora en el corte del sintético y el cuero. El aspira a su primer préstamo con la Fundación Mario Santo Domingo por $1.000.000 que planea invertir en la compra de cuero, sintético, goma, suelas y herrajes. El microempresario dice que uno de sus mayores logros ha sido posicionar sus productos a pesar de la fuerte competencia que significa las importaciones de productos similares a menores precios, pero de menor calidad. Sueña con tener un gran taller de zapatería, equipado de modernas máquinas y muchos empleados. Con su pequeño taller, el señor Edgardo ha logrado darle educación superior a todos sus tres hijos que son su mayor orgullo

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
  • 176
    View loans »
    Colombia Loans Fundraising
  • $12,852,400
    Funds lent in using Kiva
  • 1,872.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Edgardo Jose to buy leather, synthetic material, rubber, soles and iron fittings.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 24, 2010
Listed
Nov 22, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011