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Juan José
Juan Rodríguez O. is 63 years old. His family is made up of his wife and his three children who range in age from 30 to 34. Juan has a business in the center of the city of Barranquilla where he sells technology equipment such as cell phones and accessories. He has a market that is constantly changing and modernizing in the communications field which is why his preferred line of business is low-end cell phones because in the area where he is located these have the most turnover.
Juan started his business as an additional option for work because as an agricultural engineer he was in charge of consulting municipalities in the Department of the Atlantic. At the suggestion of his sons he started this business with this own capital which he used to acquire equipment and to buy a shop in a very popular shopping mall.
Juan focused on a line of low-end cell phones and accessories and also offers training in preventive maintenance and upgrading having in mind that the market prefers this line since it is better priced when the technology is updated. His goal is to continue to strengthen his business and to later open a new point of sales. In the meantime he manages a yield of 29% which he aspires to grow. He also wants to increase the rotation of his inventory until he can manage it to less than 20 days. Today he is seeking his first loan with field partner Fundación Mario Santo Domingo which he will use to buy low-end phones since these are always requested by his clients.
View original language description ↓
Juan Rodríguez O. de 63 años de edad, su familia la conforman su esposa y sus tres hijos en las edades de 30 a 34 años; Juan tiene un negocio en el Centro de la Ciudad de Barranquilla, donde vende equipos de tecnología como celulares y accesorios, pues tiene un mercado que constantemente está cambiando y modernizándose en el tema de comunicaciones de las comunicaciones, por eso su línea preferencial es la de celulares de baja gama, pues en el sector donde está ubicado tiene más rotación.
Juan inició su negocio como una alternativa adicional de trabajo porque como un ingeniero agrónomo se dedicaba a realizar asesorías en municipios del Departamento del Atlántico y por sugerencia de sus hijos inició este negocio con un capital propio, con el que adquirió equipos y compró un local en un centro comercial muy popular; Juan se enfocó en la línea de celulares de gama baja, accesorios y allí también ofrece servicios de capacitación en mantenimiento preventivo y actualización teniendo en cuenta que su mercado prefiere esta línea y que tienen un mejor precio cuando se actualiza la tecnología. Su meta es continuar fortaleciendo su negocio y lograr más adelante la apertura de un nuevo punto de ventas; mientras esto ocurre maneja una rentabilidad del 29% que aspira hacerla crecer y aumentar su rotación de inventarios hasta lograr manejarla a menos de 20 días. En la actualidad está solicitando su primer financiamiento en la Fundación Mario Santo Domingo y con él comprará celulares de baja gama, pues por estos sus clientes solicitan permanentemente.

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
  • 561
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,810.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Juan José to buy low-end cell phones to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2011
Listed
May 16, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012