Check out some available loans that are similar to this one!
Luis Enrique
Luis Enrique lives in the community of Centro in the municipality of Malambo. He lives with his wife and their two children, aged 8 and 12. He is a very responsible, 42-year old man who has supported his household by working independently on a business he started six years ago. He was encouraged by a friend, the owner of an outlet, and that is from where he derived his own business. Luis Enrique started out sell ram's meat weekly to his neighbors in the community and to the co-owners of a building where he worked as a security guard. There he earned many clients and he completes his sales in cash and on short-term credit.

His goal for his family is to one day see his children have careers. His goal for his business is to increase his purchase capacity, wanting to convert into a cattle wholesaler. He wants to protect his credit history so he is cautious with his loan payment obligations and his is gradually organizing himself to meet his goal. This Kiva loan is the first loan he has accessed through Fundacion Mario Santo Domingo (Kiva Field Partner) and he requires it to recondition the roofing on his business, to be ready for the approaching winter season which could affect his business. He will also purchase pork, beef, and chicken meats to resell. His market has grown in the number of clients. He wants to offer them a selection according to their likes and to their gastronomical culture.

He started out his business through connections with owners of farms and by selling pork and turkey meat in his neighborhood. With time he got to know the business and today he not only sells in downtown Malambo, but also at the restaurants and other clients who buy in wholesale in the entire municipality. His profits he has been gradually organizing his store, adding a freezer to conserve his foods. He was also able to refinish the walls with a loan he acquired. He travels on the weekends to make his purchases in Cascajal, Ponedera, Sabanagrande and Puerto Giraldo and it is at these locations that he has gotten to know many farmers. They have been encouraging him to sell their cattle and he thinks it's a good idea, although he plans on taking his time. Given that Luis's goals are within his reach, his organization, and his projection for the future he formalized his business by registering it with Chamber of Commerce. He will continue to earn credibility in the market and to secure better commercial activities.
View original language description ↓
Luis Enrique vive en el barrio Centro del municipio de Malambo con su esposa y dos hijos en las edades de 8 y 12 años; él es un hombre muy responsable de 42 años que ha sostenido su hogar trabajando independientemente, en un negocio que inició hace seis años impulsado por un amigo, propietario de un expendio y fue de aquí donde se derivó su emprendimiento; Luis Enrique comenzó vendiendo carnero semanalmente al detal a los vecinos del barrio y a los copropietarios de un edificio, donde prestó el servicio de celaduría y consiguió muchos clientes a quienes hoy les vende de contado y a crédito a cortos plazos.
Su meta a nivel familiar es que algún día sus hijos sean profesionales y su meta empresarial es aumentar su capacidad de compra pues quiere convertirse en mayorista de ganado y quiere cuidar su historia crediticia por eso es cauteloso cuando se trata del pago de sus obligaciones, y está organizándose para poco a poco conseguir este propósito. Su credikiva es el primer financiamiento que hace a la Fundación Mario Santo Domingo porque requiere adecuar la cubierta de su negocio, para evitar que la temporada de invierno que ya se avecina, pueda afectarle su actividad y con este crédito también comprará carne de cerdo, ganado vacuno y gallina para la venta pues su mercado ha crecido y diariamente solicita que tengan diversos productos en su oferta, para atraer a un mayor número de clientes y que estos tengan de donde escoger de acuerdo a sus gustos y cultura alimentaria.
Cuando inició su negocio lo hizo mediante conexiones con propietarios de fincas y vendiendo cerdo y gallipava alrededor de su vivienda, con el tiempo se dio a conocer en el sector y ahora no solo vende en el centro de Malambo, sino que en todo el municipio entre restaurantes y otros clientes que compran al por mayor y con sus ingresos poco a poco ha organizado su expendio, adicionando un congelador para la conservación de sus alimentos, con un préstamo que obtuvo con el que logró también enchapar las paredes. Él viaja los fines de semana para hacer las compras a Cascajal, Ponedera, Sabanagrande Puerto Giraldo y justamente en estos sitios ha conocido muchos propietarios de fincad, los cuales lo están motivando para comercializar su ganado y a Luis le parece una buena idea aunque planea hacerlo con calma. Como muestra del alcance de Luis, su organización y la proyección que tiene, hace dos años formalizó su microempresa y obtuvo el registro mercantil ante la Cámara de Comercio, para continuar ganando credibilidad en el mercado y oportunidades comerciales superiores a las actuales.

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
  • 1,810.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Luis Enrique to install a roof on his building.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2011
Listed
May 18, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011