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Julio
Julio, 21, has worked for the last 6 years with a large risk capacity. He moved to Barranquilla from Valledupar, Cesar department and lives with his aunt and decided to set up his own business with her help. His store is near a commercial complex called “Metrocentro” where he sells sandals and different types of shoes. His customers are the pedestrians who are around day and night and he has done well by positioning himself in a commercial area with a lot of traffic which helps sales. Julio buys and sells retail with cash , although he has a few customers who buy on credit but they are the ones who sell his products retail in other markets. Although he has a lot of competition near his business, he has also found many opportunities in the market because the merchants know each other and there is a lot of cooperation.

Julio is a young man with great dreams, like having his own house, and that is why every day he persists in his work, although his challenge is his small amount of working capital. This is the reason he is requesting a Kiva loan with his first financing though the Mario Santo Domingo Foundation. He will use it to buy a large quantity of shoes so that he can receive discounts while paying with cash, and he is saving up for the second half of the year when there are many holidays, vacations and especially Father’s Day. It is coming soon, and he has customers who have ordered sandals to give to their fathers. Besides this is a season of many sales. While Julio works hard to fulfill his dream of personal and business growth, he continues making an effort to raise the profit from his sales that are now no less than 32%.
View original language description ↓
Julio es un joven de 21 años con mucha capacidad de riesgo, desde hace 6 años y proveniente de Valledupar en el departamento del Cesar, vino a vivir a la ciudad de Barranquilla en casa de su tía y decidió emprender su propio negocio en el que actualmente su tía lo apoya; él tiene un punto de venta cerca a un complejo comercial llamado “Metrocentro”, donde vende chancletas y calzado en general, sus clientes son los peatones que por allí circundan de día y de noche y que él ha aprovechado muy bien para posicionarse, porque el sitio donde está ubicado es un corredor comercial de mucho movimiento, lo cual favorece sus ventas. Julio compra y vende de contado y al detal, aunque también tiene algunos clientes a quienes les financia sus compras, pues ellos distribuyen en otros mercados sus productos al menudeo. Aunque la competencia que rodea al negocio es alta, también encuentra muchas oportunidades en el mercado, porque entre todos los comerciantes se conocen y entre ellos, hay mucha cooperación. Julio es un joven con muchos sueños entre los cuales está el tener su casa propia, por eso persiste en su labor diaria, aunque tenga el gran desafío del pequeño capital de trabajo con el que funciona. Esta es justamente la razón por la cual recurre a su credikiva, que es el primer financiamiento que hace a la Fundación Mario Santo Domingo con el cual comprará calzado en mayor volumen, para ganar descuentos por la compra de contado y la cantidad, pues se está preparando, desde ahora, para el segundo semestre del año que trae muchos festivos, vacacionales y especialmente la fiesta del día del padre que se acerca y tiene clientes que le han encargado las chancletas que regalarán a sus progenitores, a propósito de esa temporada comercail. Mientras Julio se esmera por cumplir su sueño de crecimiento personal y empresarial, continua esforzándose por incrementar la rentabilidad sobre sus ventas que en la actualidad es no menor del 32%.

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
  • 307
    View loans »
    Colombia Loans Fundraising
  • $13,867,525
    Funds lent in using Kiva
  • 1,820.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Julio to buy sandals and a variety of shoes wholesale and with cash.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 5, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012