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Edenelson
Edenelson lives with his partner and their two children (ages 1 and 2 years old) in the municipality of Soledad. Ever since he left his native village in Bolívar province, Edenelson has been looking for opportunities to improve his well-being. He found selling sweaters to be one option for earning money initially. This is how he started - with a little capital and a lot of effort. Later, he was able to buy a motorcycle in order to make home deliveries. Now, he uses the motorcycle both to distribute his merchandise and to provide a transport service.

In the course of his business life, he came upon many informal lenders and paid expensive interest rates, so that several times he lost money and had to start again because he was very close to losing his motorcycle. Now, this is a thing of the past and he has succeeded in building up a small working capital, which he takes care to protect every day. However, it is a challenge that many times he cannot respond to his customers opportunely because when he sells on credit, he does not recuperate his money quickly enough to do so.

He will use this credikiva (the first loan he has received through Fundación Mario Santo Domingo) to buy sheets, towels, sweaters, and other merchandise for his most faithful customers. He plans to use this loan to initiate the growth of his working capital so that he can earn more income and, in the not-too-distant future, save enough to buy a house. Currently, he lives in a family house and he dreams of living independently with his family to increase their well-being and autonomy.

Edelnelson is very satisfied with his two businesses because recently, he has increased his profits to 33%, which has made him very enthusiastic about continuing to work hard to achieve his dreams.
View original language description ↓
Edenelson vive en el municipio de Soledad con su cónyuge y sus dos hijos en las edades de 1 y 2 años. Él desde que salió de su pueblo natal en el departamento de Bolívar, buscando oportunidades de mejorar su bienestar, encontró mediante la venta de suéteres una opción de ingresos inicial; así fue como inició con un pequeño capital y con mucho esfuerzo, con el que posteriormente logró comprar una motocicleta, para hacer sus entregas a domicilio. En la actualidad distribuye su mercancía y también utiliza su vehículo para ofrecer el servicio de transporte. En su vida de negocio acudió a muchos prestamistas informales y pagó intereses onerosos, así que varias veces se descapitalizó y volvió a empezar, porque estuvo muy cerca de perder su motocicleta. En la actualidad esa es cosa del pasado y ha logrado construir un pequeño capital de trabajo, el cual se esfuerza cada día por cuidarlo, aunque con el gran desafío de muchas veces no poder responder a sus clientela oportunamente, porque la recuperación de este una vez vende a crédito, no es suficiente para ser oportuno en sus ventas. Con su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, comprará sabanas, toallas, suéteres y mercancías, encargadas por sus más aplicados clientes. Con éste préstamo planea iniciar el crecimiento de su capital de trabajo para obtener más ingresos y en un futuro no muy lejano lograr ahorros para comprar su vivienda, pues en la actualidad vive en casa familiar y sueña con vivir con su familia independiente, construyendo más bienestar de manera autónoma. Edenelson está muy satisfecho con las dos actividades que desarrolla porque en días pasados aumentaron sus ganancias en un 33% y esto le ha dado un gran entusiasmo para continuar trabajando fuertemente hasta lograr su sueño.

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
  • 303
    View loans »
    Colombia Loans Fundraising
  • $13,796,725
    Funds lent in using Kiva
  • 1,760.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Edenelson to buy sheets, towels, sweaters, and merchandise in general.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 7, 2011
Listed
Aug 1, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012