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Sergio David
Sergio is a 24 year-old youth who has a business named “Peleteria Planet Suelas” where he sells materials and supplies used by shoemakers and small businessmen in this trade, who are his main market. He sells uppers, soles, insoles, buckles and a variety of accessories that are used by shoemakers to adorn their shoes. He learned this business through family tradition, as his family has been in the same line of work ever since they lived in his hometown of Bucaramanga, a place also called "the city of parks," which is located in the department of Santander del Sur. Although he has been building up experience since he was 15 years old, he had always worked in the family business. A year ago, he became independent so that he could generate his own income, because as he is an adult with a 1 year-old child, he had to start thinking about the development of his family with his wife. His main challenge is that he doesn't have enough capital, and this makes him less competitive since he loses customers. This is the reason that he is applying for a Kiva loan, the first financing that he has gotten through the Fundación Mario Santo Domingo. With the loan, he will buy accessories for shoes and materials and supplies such as uppers, soles, insoles and buckles in large quantities so that he can get a bulk discount. But above all, he will be able to have a greater assortment of items that will allow his new customers to have a better view of his business. Meanwhile, he maintains a 55 day inventory turn-over, and profitability of no less than 20 percent. Also, he hopes to leave a traditional legacy to his family by strengthening his business and achieving sustainability over time.
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Sergio, un joven de 24 años tiene su negocio llamado “Peleteria Planet Suelas”, donde comercializa materiales e insumos que utilizan los zapateros, y microempresarios dedicados a este oficio, quienes son su principal mercado. Así el vende capelladas, suelas, plantillas evillas y accesorios varios que adornan el calzado que otros fabrican. Su negocio lo aprendió por tradición familiar, pues su familia hace lo mismo, desde cuando vivieron en su natal Bucaramanga, lugar llamado también, “la ciudad de los parques” y ubicada en el departamento de Santander del Sur. Aunque construyó esta experiencia desde sus 15 años de edad, pues siempre trabajado en el negocio familiar, hace un año se independizó para generar ingresos independientes; pues en su mayoría de edad y con un hijo de 1 año debió ir pensando en el desarrollo de su familia en compañía de su cónyuge. Su mayor desafío es el capital de trabajo insuficiente, que no lo hacen muy competitivo, pues pierde clientes. Este es la razón por la cual accede a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el comprará accesorios para calzado y materiales e insumos como capelladas, suelas, plantillas y evillas en mayor volumen, para obtener descuentos y sobre todo para tener un surtido que le permita una mayor visión de su negocio por parte de nuevos clientes. Mientras esto ocurre maneja una rotación de inventarios de 55 días, y una rentabilidad no menor de 20% y también aspira a dejarle un legado tradicional a su familia, fortaleciendo su negocio y logrando su sostenibilidad en el tiempo.

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

  • $11,100
    Average annual income
  • 500
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Sergio David to buy accessories for shoes and shoe making materials and supplies such as uppers, soles, insoles, and buckles in bulk.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2011
Listed
Aug 4, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012