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Cándido Rafael
Cándido works making and selling pillows wholesale and retail. He is a married man and has 6 children aged 2 to 22. He dreams of seeing them become successful and this is what drives him every day at his job. He started this business with his wife in 1989 with just one household sewing machine. Gradually he bought two more with his own resources and some loans. His two daughters also work in the manufacturing process. His work schedule is Monday through Friday in production and weekends he does the comercial activity, because he sells door to door. His market is located in the city of Barranquilla and in the city of Soledad, but he also travels to different towns in the department of Atlántico, where his pillows are well known. He charges upfront but every day his demand goes up and he needs more working capital to respond and offer competitive prices in more volume. At present, he is using his first Kiva loan to buy foam, thread, and other materials to increase production.
View original language description ↓
Cándido se dedica a la elaboración y venta de almohadas al por mayor y de contado Él es un hombre casado y tiene 6 hijos en las edades de 2 a 22 años de edad, con los que sueña ver exitosos y esto es lo que estimula su día a día de trabajo. Desde el año 1989 inició junto a su esposa, este negocio con una sola máquina de coser doméstica; gradualmente fue comprando otras dos más, con recursos propios y algún dinero prestado. En este negocio trabajan dos hijas también en el proceso de fabricación. Su horario de trabajo es de lunes a viernes en el proceso productivo y los fines de semana es su actividad comercial, porque él mismo sale a vender los productos puerta a puerta. Su mercado está ubicado en la ciudad de Barranquilla y en el municipio de Soledad, pero también viaja a diversas poblaciones del departamento del Atlántico, donde ya son reconocidas sus almohadas. Las ventas las realiza de contado, pero diariamente ve crecer su mercado, por eso requiere un mayor capital de trabajo para responder a esta necesidad y ofrecer precios competitivos, producto de las compras de contado y en mayor volumen. En la actualidad está aplicando a su primer credikiva con el cual comprará espumas, hilos, telas y otros materiales para aumentar su producción.

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
  • 501
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,892.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Cándido Rafael to buy foam, thread, straps and other materials to increase production.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2011
Listed
Oct 25, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012