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Pedro Alberto
Pedro is a 66 year old widower. He makes women’s shoes using leather and synthetics. Pedro started his business in 2008. Once he was trained in leatherwork, and he learned all of the skills for working with leather and it derivatives. He managed to develop his entrepreneurial idea. That is how he decided to select a line to launch in the market. This line was children’s and women’s sandals.

He distributes them through his daughter in the city of Cali. He also makes boots that he sells in the capital of Colombia, Bogotá. He enjoys great acceptance from his customers in the surrounding stores. He visits them to offer his products.

He currently does not have sufficient working capital. His customers increase, and he needs to always respond quickly. That is why he is requesting a Kiva loan, his first loan with the Fundación Mario Santo Domingo. He will buy raw materials like leather and supplies like buckles and glue to make new designs and to have an impact on his customers. They always expect to buy beautiful styles from Pedro.
View original language description ↓
Pedro de 66 años de edad y de estado civil viudo, es un hombre que se dedica a la fabricación de calzado para damas en materiales de cuero y también en sintético. Pedro inició su negocio en el año 2008, una vez se capacitó en marroquinería, donde aprendió todas las étnicas para trabajar con el cuero y todos sus derivados logrando desarrollar su idea emprendedora. Así fue como decidió identificar una línea en la cual lanzarse al mercado y esta fue las sandalias femeninas e infantiles, las cuales distribuye a través de su hija en la ciudad de Cali y también fabrica botas que comercializa en la capital de Colombia, Bogotá y que gozan de mucha aceptación entre sus clientes ubicados en almacenes aledaños, a quienes vista para ofrecerles sus productos. En la actualidad su capital de trabajo es insuficiente, porque su clientela crece y quiere ser siempre oportuno; esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el comprará materias primas, como cueros e insumos como hebillas, pegantes, para fabricar nuevos diseños e impactar a su clientela, que siempre espera de Pedro, lindos modelos para comprarle.

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
  • 495
    View loans »
    Colombia Loans Fundraising
  • $14,967,400
    Funds lent in using Kiva
  • 1,838.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Pedro Alberto to buy raw materials like leather and supplies like buckles and glue.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 28, 2011
Listed
Jan 18, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012