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Sergio
Sergio G. is 40 years of age, single, and lives with his mother and sister in one of the happiest and popular neighbors in the city of Barraquilla, Carrizal. There he manufactures sportswear such as sweatshirts, shorts, T-shirts, and other items. Sergio started in this trade by working different jobs for a small business near his house. In his free time, he also helped produce this type of clothing. This is how he learned the art of sewing. His employer encouraged him to pursue this business independently and now he has his own operation located in a basic structure. Sergio currently dreams of acquiring industrial machines so that he will be more independent because he currently pays to have each garment produced. His main challenge was being able to access funding from credit institutions, but now that is a thing of the past.


Sergio is requesting a Kiva loan, which is his first with Fundación Mario Santo Domingo. This will enable him to build a credit history. He will take advantage of this opportunity to buy fabrics and supplies wholesale so that he can get special discounts. These materials will be used to manufacture sweaters and shorts in mass quantities so that he can generate a return on his investment. Sergio sells his goods according to order. He is able to compete in the marketplace due to the unmatched quality of his products.

View original language description ↓
Sergio G. es un joven soltero de 40 años que vive con su mamá y su hermana en uno de los barrios mas alegres y populares de la ciudad de Barranquilla: Carrizal; allí el se dedica a la fabricación de prendas deportivas como sudaderas, pantalonetas, camisetas etc. Su negocio inició cuando trabajando en oficios varios en una microempresa cerca a su casa, donde también en sus tiempos libres ayudaba a confeccionar este tipo de ropa, allí fue donde aprendió este arte y el dueño de la microempresa lo entusiasmó, para que siguiera en esta actividad de manera independiente en la que actualmente se desempeña, aunque con la estructura física básica para hacerlo, por eso su sueño es dotarlo de maquinarias industriales, que le generen mayor independencia, porque en la actualidad paga por la elaboración de cada prenda. Su principal desafío era acceder a financiamiento de las instituciones de crédito pero eso es cosa del pasado, porque esta aplicando a un credikiva que es su primer crédito con la Fundación Mario Santo Domingo y con el cual construirá su historia financiera, así es que lo aprovechará muy bien y comprará telas e insumos en mayor cantidad con descuentos especiales, con los cuales fabricará sudaderas y pantalonetas al por mayor, inversión que le augura una recuperación de la inversión con sus respectivas utilidades, porque vende sobre pedidos con una calidad inigualable y esto es con lo que el realmente compite.

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
  • 503
    View loans »
    Colombia Loans Fundraising
  • $14,948,000
    Funds lent in using Kiva
  • 1,900.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Sergio purchase fabrics & supplies wholesale for manufacturing sportswear.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 28, 2011
Listed
Feb 26, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012