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John Carlos
John Carlos G., ages 26, is a young man who lives in the neighborhood of Trupillos in the city of Barranquilla. There he sells hardware products such as PVC, electrical cables, nails, screws, sandpaper, and welding supplies at wholesale. He purchases these products from a distributor in Bogota, the capital of Colombia, and sells them to different hardware stores in the city of Barranquilla. John Carlos started this business after he gained four years of experience working for a company that sold hardware. He decided to become independent so that he could start his own business. His dream is to have a large centralized warehouse from which he could distribute his merchandise, but he needs plenty of operating capital to do this. The lack of capital is his greatest challenge.


With his first loan from Fundación Mario Santo Domingo, John Carlos will buy PVC products since this is the main item he sells, as well as electrical supplies, so that he can fulfill his orders. These products also have high turnover. With his Kiva loan, he will also take advantage of bids being generated this month at commercial auctions where products that have low turnover are being offered at good prices. John Carlos manages his business mainly through cash sales and credit payments he collects on a weekly basis. Lately most of the cash stays in his wallet while he tries to recover payments each month. He continues to pursue his dream of having a growing business and reaching his personal potential so that his family can be successful in the future.

View original language description ↓
John Carlos García es un joven de 26 años que vive en el barrio los Trupillos de la ciudad de Barranquilla, allí se dedica a la venta de productos de ferretería como productos PVC, cables de electricidad, puntillas, tuercas, lijas y soldadura al por mayor, que le compra a un distribuidor en Bogotá, la capital de Colombia, y le vende a distintas ferreterías de la ciudad de Barranquilla; esta actividad la inició cuando, después de cuatro años de experiencia como dependiente de una empresa ferretera, decidió independizarse para iniciar su propio negocio. Su sueño es tener una gran central de acopio para distribuir estas mercancías desde allí, pero necesita mucho capital de trabajo para ello y justamente este es su gran desafío. Con su primer financiamiento en la Fundación Mario Santo Domingo el comprará productos en P.V.C. que es su articulo principal y tambien de electricidad, para responder a encargos y porque estos son de mayor rotación; con su credikiva aprovechará las ofertas que se han generado en este mes, en el que las plataformas comerciales tienen muy baja rotación de estos productos y los ofrecen a buenos precios. John Carlos maneja su negocio mediante ventas de contado principalmente y a crédito que recupera semanalmente, estas últimas es donde reposa mayormente su cartera, la cual recupera mensualmente, mientras persiste con su sueño de lograr crecimiento empresarial y personal para potenciar el futuro exitoso 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

  • $11,100
    Average annual income
  • 469
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    Funds lent in using Kiva
  • 1,875.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped John Carlos purchase PVC products & electrical supplies in bulk.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2011
Listed
Feb 24, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012