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Luis Alberto
62-year-old Luis Alberto has a business in the center of Barranquilla, a well known shopping area. He sells prescription and non-prescription glasses as well as accessories for cellphones. He started his business after receiving his redundancy settlement from the apparel company he worked for, with which he bought his house to ensure stability for his family. Luis Alberto's family includes his wife, and three children now aged between 20 to 30 years old. As he was without a fixed income at that time, he decided to start his own business venture in order to earn an income to support his family.

Luis Alberto's business has been growing, and has played a fundamental role in providing their children with higher level education. The children are currently completing their secondary educations and embarking on technical careers, enabling them to contribute to the household economy when required.

The demand for the glasses, cases and cellphone accessories that Luis Alberto sells is strong, however he cannot always raise enough working capital to be able to immediately supply the goods which are most in demand. This is the reason why Luis Alberto requires his credikiva, his first financing through Fundación Mario Santo Domingo with which he will buy glasses, cases, and cellphone accessories in larger volumes than he is usually able to.

Luis Alberto's dream is that his children will succeed in growing and permanently sustaining their businesses, so that they can help the family. While he is working to fulfill his dream, his business is making a profit of no less than 40.8%, which he plans to increase as he continues to purchase larger volumes of stock.
View original language description ↓
Luis Alberto, de 62 años tiene un negocio en el Centro de Barranquilla, zona muy comercial y reconocida, donde vende gafas cosméticas y medicadas, así como accesorios para celulares. Su negocio inició después de recibir su liquidación como empleado de una empresa de confecciones, con la que compró su vivienda para asegurar la estabilidad de su familia, conformada por su esposa y sus 3 hijos, hoy en las edades de 20 a 30 años; fue así que sin un ingreso fijo decidió emprender su aventura de negocios, con tal de lograr ingresos para el bienestar de su familia. Su negocio ha ido creciendo y ha sido fundamental para la educación en un nivel superior de sus hijos, que en la actualidad terminan su bachillerato y se perfilan en carreras técnicas, con las que hoy respaldan la economía del hogar, cuando lo requiere. En su negocio la demanda de gafas, estuches y celulares es muy buena, pero no tiene muchas veces el capital de trabajo suficiente para surtir inmediatamente, con los productos que más rotan. 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 gafas, estuches para ellas y accesorios para celulares en mayor volumen, que el que Luis Alberto acostumbra. Su sueño es que sus hijos tengan éxito y lograr el crecimiento y la sostenibilidad de su negocio de manera permanente, para poder ayudarles. Mientras trabaja por cumplir su sueño, en su negocio maneja una rentabilidad no menor del 40,8% que planea aumentar con sus continuas compras en volumen.

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
  • 471
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,795.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Luis Alberto to purchase glasses, glasses cases, and cellphone accessories in larger volumes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2011
Listed
Aug 15, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012