Check out some available loans that are similar to this one!
Adolfo Enrique
Adolfo, 56, lives with his wife in the municipality of Soledad and has 5 children, from 20 to 42 years of age. He sells clothing, a business he started due to the need to generate income to support his family and above all because he wanted to be his own boss. He has had very good results until now and his family has never lacked for anything.

He sells clothes in municipalities of Atlántico, Córdoba y Sucre departments through credit adjusted at terms that meet the needs of his customers. This is his second funding from Fundación Mario Santo Domingo. He will use the loan to buy sweaters, lycra sportswear, bermudas and underwear in greater volume, as he will earn discounts through making purchases in cash. With his former loan he was able to generate enough income to improve his home.

His future goal is to sell at a trade show and he searches every day for one. While doing this, he runs his business at a profit margin of no less than 35%, an inventory turnover every 2 days and accounts receivable that are collected every 5 days. He projects his potential for growth from these financial indicators.
View original language description ↓
Adolfo de 56 años de edad vive con su cónyuge y tiene 5 hijos en las edades de 20 a 42 años, en el municipio de Soledad y se dedica al comercio de ropa en general., negocio que inició por la necesidad de generar ingresos para apoyar la gestión de su familia y sobre todo porque tenía el propósito de ser su propio jefe y con muy buenos resultados, porque hasta el momento a su familia nada le ha faltado. La venta de ropa la hace en municipios del departamento del Atlántico, Córdoba y Sucre, mediante la modalidad de crédito pactado a plazos ajustados a las necesidades de su clientela. Este es su segundo financiamiento que hace a la Fundación Mario Santo Domingo con el cual comprará suéteres, licras, bermudas e interiores en mayor volumen y ganará descuentos por compras de contado. Con su crédito anterior logró generar ingresos para el mejoramiento de su vivienda. Su meta más adelante es tener un punto comercial de exhibición y todos los días trabaja en esta búsqueda; mientras esto ocurre maneja en su negocio una utilidad no inferior del 35%, una rotación de inventarios de 2 días y sus cuentas por cobrar rotan cada 5 ; desde estos indicadores financieros se proyecta su potencial de crecimiento.

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
  • 277
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,785.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Adolfo Enrique to buy sweaters, lycra sportswear, bermudas and underwear in greater volume.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2011
Listed
Sep 4, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012