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Eduardo José
Eduardo is a man of 29 who lives with his wife and two year old son. He has a business in the Jardín neighborhood of the city of Barranquilla, where he distributes accessories for mobile phones. He's been in this business for a year; after getting experience in finance and commerce, he began his adventure and got involved in importing accessories for phones. He currently distributes these to wholesalers in the city. Initially, he started by benefiting from the experience of a friend and let himself be guided. At the beginning, his orders were low-value, but bit by bit he has been increasing his profits.

He is a hardworking young man and is committed to growing personally and professionally. He also manages the cafeteria of an important private school in the city. In his search for new options in the market, he needs to increase his working capital and this is why he has approached Kiva. This is his first financing through the Mario Santo Domingo Foundation, with which he will buy new modern cell phone accessories, as orders have increased and he would like to respond to his customers and offer them appropriate items.

Although his biggest challenge is the competition, the prices that Eduardo offers and his excellent service allow him to be competitive. While building his dream of higher profits, he strives to work with a margin of not less than 50%, turning over his inventory every 25 days.
View original language description ↓
Eduardo hombre de 29 años que vive con su cónyuge y su hijo de dos años, tiene un negocio en el barrio ciudad Jardín de la ciudad de Barranquilla, donde distribuye accesorios de celulares. Este negocio lo indicó hace un año, cuando después de hacerse profesional de las finanzas y el comercio emprendió su aventura y se dedicó a importar accesorios para celulares, que actualmente distribuye a mayoristas de la ciudad. Inicialmente y por sugerencia de un amigo inició aprovechando la experiencia de éste, de la cual se dejó guiar; en un principio hacia pedidos de baja cuantía, pero poco a poco ha ido incrementando sus utilidades. Como es un joven trabajador y está empeñado en crecer personalmente y empresarialmente, simultáneamente administra la cafetería de un colegio privado e importante en la ciudad. En su búsqueda de nuevas opciones en el mercado, necesita aumentar su capital de trabajo y esta es la razón por la cual ha accedido a un credikiva, que es el primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará nuevos y modernos accesorios de telefonía celular, pues los pedidos han aumentado y desea responderle a sus clientes y ser muy oportuno con ellos. Aunque su mayor desafío es la competencia, los precios que Eduardo ofrece y su excelente servicio hacen que logre ser competitivo. Mientras construye su sueño de aumentar sus utilidades, se esmera trabajando con un margen no menor de un 50% y rotando sus inventarios cada 25 días.

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
  • 232
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,747.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Eduardo José to buy new, modern cell phone accessories.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2011
Listed
Jul 19, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012