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Andrés Segundo
Andrés Gutiérrez, 61, works hard together with his spouse (in the photo). It’s as if she were his right hand in life. They have four children ranging in age from 15 to 24.

Andrés started his business in 1997 selling caps, purses, luggage, scarves, and sunglasses. He currently combines this with being a taxi driver which is another activity that generates income for the family’s wellbeing. His children and his spouse support him in the business and work from 9am until 9pm from Sunday through Sunday. With a large clientele after all these years in business in the same place the business has an important number of occasional as well as regular buyers because it’s located in a very commercial pedestrian zone in one of the most important shopping areas in the south. Because of this, he also has quite a bit of competition but everyone knows one another and recommends each other, that is, they cooperate among themselves. His business earns 9.3% profit and has a 9% debt; his stock turns over every 25 days.

This is his 6th loan with Fundación Mario Santo Domingo, an organization with which he has strengthened his business through financial leverages, business training and advice from the field rep.

The family dream is to have a house of their own and to support the children until they attain future prosperity because this is precisely whey they all work together.

He will use the Kiva loan, which is his 6th loan, to buy scarves, caps and purses thereby stocking up for the best season of the year which is the moment when sales peak.
View original language description ↓
Andrés Gutiérrez es un hombre de 61 años que trabaja fuertemente acompañado de su cónyuge (en la fotografía), que es como si fuera su mano derecha en la vida y tienen 4 hijos en las edades de 15 a 24 años. Andrés inició en el año 1997 su negocio de vender gorras, bolsos, maletas, pañoletas gafas y actualmente lo combina con el oficio de taxista, que es otra actividad por la cual genera ingresos para el bienestar de su familia. Tanto sus hijos como su cónyuge le apoyan en su negocio y trabajan de 9.00 am a 9:00 p.m. de domingo a domingo. Con una basta clientela, después de muchos años de estar en el mismo sitio, el negoció conforma un importante numero de compradores ocasionales y fijos, pues esta ubicado en la zona peatonal y muy comercial de uno de los centro comerciales del sur mas importantes, por lo que posee una amplia competencia, pero todos se conocen y se recomiendan, es decir cooperan los unos con los otros. Su negocio presenta una liquidez de 9,3% endeudamiento de un 9% y una rotación de inventarios de 25 días. Este es su sexto financiamiento con la Fundación Mario Santo Domingo, organización con la que ha fortalecido su negocio mediante apalancamientos financieros, formación empresarial y asesoría por parte de su profesional de campo. El sueño familiar es tener una casa propia y lograr apoyar a sus hijos, hasta que logren la prosperidad futura, porque justamente esta es la razón por la cual trabajan unidos. Con su credikiva que es su sexto financiamiento, comprará pañoletas, gorras, bolsos provisionándose para renovar su actual inventario y vender en la mejor época del año, momento en el cual repuntan las ventas.

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
  • 243
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,902.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Andrés Segundo to buy head scarves, caps and purses.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 17, 2010
Listed
Dec 15, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 21, 2011