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Elias
Elías is 36 years old and has a 12-year-old son. He sells “Momposino” pieces, a type of handcrafted furniture that is produced in Santa Cruz de Mompox, a town that is located in the Department of Bolívar. The quality of the furniture that is produced here is well-known because of the artisanal techniques that are used. Elías is the owner of a family business that was started by his grandfather. His father continued the business and now it has been handed over to him. He conducts both cash and credit sales. Elías is always aware of business opportunities, so he participates in trade fairs in order to create awareness of his products, attract more customers, and position himself in the marketplace.


This Kiva loan is his first form of financing through Fundación Mario Santo Domingo. Elías will use the money to buy merchandise to restock his business such as chairs, rocking chairs, bedroom sets, and other items so that he can respond to his new customers. His challenge is not having enough operating capital on the several occasions when his customer base is growing so that he can fulfill orders in a timely manner. His goal is to become the main producer of “Momposino” furniture in the city of Barranquilla. This will put him in the position to become an exporter in the future whenever he is ready.

View original language description ↓
Elías de 36 años tiene un hijo de 12 años y se dedica a la venta de mobiliario Momposino, esto es muebles artesanales fabricados en Santa Cruz de Mompox, municipio del departamento de Bolívar caracterizado por la calidad con que fabrican muebles aplicando técnicas artesanales. Elia es el propietario de este negocio de tradición familiar que iniciara su abuelo, continuado por su padre y ahora está en sus manos transmitir esta tradición. Sus ventas son de contado y a crédito y siempre esta consciente de oportunidades comerciales de participación en ferias ruedas de negocios para lograr dar a conocer sus productos, aumentar sus clientes y posicionarse en el mercado. Su credikiva es el primer financiamiento que hace a la Fundación Mario Santo Domingo, con el comprará mercancías para surtir el negocio, como sillas, mecedoras, muebles de sala de cama etc, para responder a nuevos clientes, pues su desafío es su capital de trabajo que con su creciente clientela muchas veces se torna insuficiente para ser oportuno. Su meta es convertirse en el principal productor de muebles momposinos en la ciudad de Barranquilla posicionarse para en un futuro lograr exportar cuando esté preparado.

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
  • 264
    View loans »
    Colombia Loans Fundraising
  • $13,610,900
    Funds lent in using Kiva
  • 1,792.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Elias to restock his business with chairs, rocking chairs, bedroom sets, and other items so that he can respond to his new customers.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2011
Listed
Sep 7, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012