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Raul Eduardo
Raúl Eduardo T. is 25 years old and is the owner of a business located in a popular sector of Ciudadela 20 de Julio, a community located to the south of the city of Barranquilla, where one can find both formal and informal productive activities, sporting settings, and residential areas, including groups of houses and apartments, which make this sector one of those with the greatest activity in the city.

In his business, Raúl sells footwear -- sandals, shoes, slippers, and inexpensive merchandise, which please all his customers and catch the eye even of those who have not bought them. He began his business with the pedestrians of the sector, friends, and people recommended to him, and to that he has continued to add suppliers who can furnish him with the products that he sells at his sales point, where he works from 9 am until 9 pm from Monday to Sunday.

Raúl's business has a lot of competition, even though it is friendly. Only competition can lower the good prices that Raúl offers to his customers, accompanied by his good service. This is the reason why he has come to Fundación Mario Santo Domingo to apply for a Kiva loan, since he will invest immediately in a larger quantity of footwear, including sandals and slippers for men and women, and with it he will be able to continue offering better prices, because he can get discounts by making his purchases in volume and paying cash.
View original language description ↓
Raúl Eduardo T. tiene 25 años y es propietario de un negocio ubicado en el popular sector de la Ciudadela 20 de Julio, comunidad ubicada al sur de la ciudad de Barranquilla, donde se combinan las actividades productivas formales e informales, los escenarios deportivos y los espacios residenciales, entre conjuntos de viviendas y apartamentos, que hacen de este sector uno de los de más movilización en la ciudad. Raúl en su negocio vende calzado, sandalias, zapatos, chancletas y mercancías económicas, que gusta a toda su clientela y que impactan la vista de quienes aún no le han comprado. El inició su negocio con peatones del sector, recomendados, amigos y a ello ha ido agregando proveedores que le suministran los productos que Raúl vende en su punto de ventas, desde la 9:00 am hasta la 9:00 pm de Lunes a Domingos; el negocio de Raúl presentan una gran competencia, que aunque es amigable, solo la puede disminuir los buenos precios que ofrece Raúl a sus clientes, acompañado de su buen trato; esta es la razón por la cual se ha acercado a la Fundación Mario Santo Domingo a solicitar su credikiva, pues invertirá de contado y en mayor cantidad en calzado entre sandalias y chancletas en las líneas femeninas y masculinas y con ello podrá seguir ofreciendo mejores precios, porque gana descuentos al hacer sus compras por volumen y en efectivo.

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
  • 304
    View loans »
    Colombia Loans Fundraising
  • $13,867,525
    Funds lent in using Kiva
  • 1,795.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Raul Eduardo to invest immediately in a lbigger quantity of footwear, including sandals and slipper, in both women's and men's styles.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2011
Listed
Apr 22, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012