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Abel
Abel, 24, sells motorcycle parts. He started the business seven years ago, but for two years he has been located in the Arboleda neighborhood in the town of Soledad in the department of Atlántico. He and a mechanic attend to the business, which also provides motorcycle maintenance service. The main products he sells are cables, gaskets, bearings, spark plugs, brake bands, etc.

The motorcycle parts shop is recognized for its personalized attention and, because of this, it has a reputable clientele that grows daily and increases its demands with regard to investment. At present, Abel has high sales because he adapts to the needs of his customers regarding price and required parts and services. Also, he enjoys a liquidity that promotes investments of working capital to impact his growth. Abel grants credit to his customers and also sells in cash. His accounts receivable turn over quickly, as does his inventory (which he manages well), and his profitability index is good.

The level of competition in his market is very high, and this is precisely his big challenge. There are several shops in the area and so Abel has to have a good stock of merchandise to respond to his customers opportunely. This is precisely his big challenge, because his working capital is insufficient with regard to the demands of the market. Because of this he needs a Kiva loan, his first loan from Fundación Mario Santo Domingo, with which he will buy motorcycle parts to achieve his goal of stocking his store.

Abel's dream for the future is to have his own place. In the meantime, he takes great pains working to be able to achieve this, and he manages a profit margin of no less than 14%, from which he is planning his growth.
View original language description ↓
Abel de 24 años, se dedica a la comercialización de repuestos para motos, negocio que inició desde hace 7 años pero desde hace 2 años está ubicado en el barrio la Arboleda del municipio de Soledad, departamento del Atlántico. Su negocio es atendido por él y un mecánico, que además presta el servicio de mantenimiento de motocicletas. Los principales productos que vende son guayas, empaquetadura, valineras, bujías, bandas para frenos, etc,. El taller de repuestos de motos es reconocido por su atención personalizada y por eso cuenta con una acreditada clientela, que diariamente crece y aumenta sus exigencias en cuanto a inversión se refiere; en la actualidad cuenta con un volumen de ventas, pues se ajusta a las necesidades de su clientes, en cuanto a precios, repuestos y servicios requeridos; así mismo goza de una liquidez que potencializa inyecciones de capital de trabajo, para impactar su crecimiento. Abel a sus clientes otorga créditos y también vende de contado, sus cuentas por cobrar rotan rápidamente, lo mismo que sus inventarios en los que presenta un buen manejo, lo mismo que su indicador de rentabilidad presenta un buen índice. El nivel de competencia de su mercado es muy alto y este es justamente su gran desafío, pues en la zona existen varios talleres y Abel por eso debe tener un buen stock de mercancías, para responderle a los clientes oportunamente, este es justamente su gran desafío, porque el capital de trabajo, ante la exigencia del mercado, se torna insuficiente y por ello acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con la cual comprará repuestos para motos, logrando así la meta de tener su almacén surtido. Su sueño más adelante es tener un local propio, pero mientras esto ocurre Abel se esmera trabajando para poderlo alcanzar y con ello maneja un margen de utilidad no menor del 14%, desde el cual planea su 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
  • 252
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,792.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Abel to buy motorcycle parts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2011
Listed
Sep 5, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012