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Marvin
Marvin M., 28, lives in Barranquilla’s 20 de Julio neighborhood, very near Colombia’s most important football stadium. He has his business there selling electronic products like speakers, consoles, loudspeakers and sound system replacement parts, a business he started, in partnership with his sister, when he graduated as a Computer Analyst and Programmer in 2010.

His customers are owners of large sound systems, or pickups; families that add on to their computers components to expand speed, and passersby in the area that notice what things Marvin has for sale and decide that they meet their needs. Marvin’s main goal is to expand his inventory of merchandise so that he can meet customer demand for upgrades to more modern technology.

Marvin’s profit margin in the business is 17% and he calculates improving from this point in order to provide his family, which consists of his wife and two children, who are 3 and 5 years of age, with successful possibilities.

This is his first loan with Fundación Mario Santo Domingo and his first Kiva loan. He plans to use it to buy speakers, consoles, speaker stands and sound system replacement parts at wholesale and paying cash. He foresees a successful investment because he will be able to get discounts to pass on to his customers because customer satisfaction is his motto.
View original language description ↓
Marvin M. tiene 28 años y vive en el barrio ciudadela 20 de Julio de la ciudad de Barranquilla, muy cerca al escenario deportivo de futbol más importantes de Colombia. Allí tiene su negocio de venta de productos electrónicos, como parlantes,, consolas, bafles y repuestos para equipos de sonidos, negocio que inició después de haber terminado su carrera como analista y programador de computadores en el año 2010 y que inició en sociedad con su hermana. Sus clientes son los propietarios de grandes equipos de sonidos, o pickup, familias que adicionan a sus computadores accesorios para ampliar sus posibilidades de velocidad en su equipo y peatones del sector que identifican elementos que Marvin vende y que son satisfactores de sus necesidades. El gran propósito de Marvin es ampliar el inventario de mercancías, para hacer acorde sus ofertas de productos, con la actualización que sus clientes requieren en el tema de tecnología moderna.
Con su negocio Marvin obtiene una rentabilidad del diez y siete por ciento y desde este margen proyecta su crecimiento, para generar posibilidades exitosa a su familia conformada por su cónyuge y sus dos hijos en las edades de 3 y 5 años. Este es su primer financiamiento con la Fundación Mario Santo Domingo y su primer credikiva, con él planea comprar parlantes, consolas, bases para parlantes, repuestos para equipos de sonidos, al por mayor y de contado, lo cual pronostica una inversión exitosa, en la medida en que con esta compra obtendrá descuentos que trasladará a sus clientes, porque la satisfacción del cliente es su máxima.

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

  • $11,100
    Average annual income
  • 466
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,881.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Marvin to buy speakers, consoles, speaker stands, sound system replacement parts at wholesale and for cash.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2011
Listed
Feb 21, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012