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Luis Alfro
Luis is 52 years old and the owner of a business called “Tienda la Única” (The Only Store), which is 10 minutes away from the sea. He lives with his wife and their four children who range in age from 12 to 18. Housewives from the community and the surrounding areas come to his store to buy everyday items for their families such as snacks, food, beverages, groceries, and other items. His customers know him and his products sell quickly to the point that he runs out of a few items. For this reason he is requesting a Kiva loan, his first form of financing through Fundación Mario Santo Domingo. He will use the funds to buy in large quantities so that he can maintain a stock of non-perishable goods such as coffee, sugar, rice, oil, canned foods, and soft drinks. By purchasing in volume, Luis will be able to get a discount and also save on shipping costs. In addition, by having more products in stock, he can stop saying “We’ve run out” to his customers.


Luis started working approximately 25 years ago. This native of Zapoteca, in the Department of Santander, moved to the Caribbean coast and started a job as a store clerk. Afterwards, he became independent and started selling dairy products from a bicycle. He also started selling candy and cookies while holding down other jobs working in construction and at a bakery so that he could gain experience. Seven months ago, Luis opened his store with great success and a warm reception from the customers who make up his niche market. Luis has the support of his family, especially from two of his children who have gained business experience while going to school. His greatest wish is to one day leave them with a secure source of income so that they can work persistently and with discipline. In the meantime, his current business is generating sales profitability of no less than 8.7% while his cost of sales is 84.1%.

View original language description ↓
Luis de 52 años, es el propietario de un negocio llamado “Tienda la Única”, a 10 minutos del mar, allí donde vive con su esposa y sus 4 hijos en las edades de 12 a 18, tiene un punto de venta donde las amas de casa y la comunidad de su barrio y de sus alrededores, compran al detalle productos de la canasta familiar, como ranchos, víveres, bebidas abarrotes etc. Sus clientes lo reconocen y cada día sus productos rotan mucho más rápido hasta quedarse sin existencia de algunos de ellos. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará en mayor volumen, con ello conservaría un stock de mercancías no perecederas, como café, azucar, arroz, aceite, enlatados, refrescos y ahorraría en precio por la compra en volumen y también el transporte, adicionalmente teniendo productos que muy pronto terminan para no decir “no hay” a sus clientes.
Luis inició su vida comercial hace 25 años aproximadamente, cuando proveniente de su natal zapoteca (departamento de Santander) se instaló en la Costa caribe e inició como empleado de una tienda, después se independizó en inició la distribución de productos lácteos en una bicicleta y agregó galletería y confitería, simultáneamente trabajó en tareas de la construcción, en una panadería hasta que recapitulando su experiencia, emprendió hace 7 meses su negocio de tienda con mucho éxito y por la aceptación que tiene de su clientela en su nicho de mercado. Luis tien el gran apoyo de su familia especialmente de sus dos hijos, que ya construyen su experiencia empresarial en su negocio mientras estudian, por eso su mayor anhelo es dejarle algún dia una fuente de ingreso segura y para ello debe trabajar persistentemente y con disciplina. Mientras esto ocurre su actual negocio le permite una rentabilidad sobre las ventas no menor del 8,7% mientras su costo de ventas es de un 84,1% .

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
  • 287
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    Funds lent in using Kiva
  • 1,760.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Luis Alfro to purchase non-perishable goods in bulk such as coffee, sugar, rice, oil, canned foods, and soft drinks.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2011
Listed
Aug 2, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012