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Carlos Alberto
Carlos, 49, is engaged in selling handcrafted bags in the city of Cartagenea where he has had his principal clients for the past two years. He travels to San Juan Nepomuceno and brings the beautiful back packs, traditionally woven by the women there, to Cartagena where he sells them to a fixed customer base. His customers buy from him on credit and many times on an installment plan.

Carlos’ business started due to a visit to a relative who is a native of San Jacinto [9 miles from San Juan Nepomuceno] where he was struck by the beauty of the handicrafts and by the business opportunities in the city of Cartagena where he lives with his family, consisting of his wife and his two children, aged 9 and 13. A relative helped him make his first contact with suppliers while he started promotions in order to build up his first clientele.

His customers have been growing and increasing his need for more working capital in order to respond to them. This is exactly why he has come to Kiva for a loan, his first funding from the Fundación Mario Santo Domingo. He will use it to buy bags for all occasions, an investment that he projects will be successful because he will use the money to fill his customers’ orders. His goal is to expand his business infrastructure and have his own shop in the future. However, his challenge is the lack of working capital to do so.
View original language description ↓
Carlos de 49 años de edad se dedica a la venta de bolsos artesanales desde la ciudad de Cartagena, donde tiene sus clientes principales desde hace 2 años, momento desde el cual viaja a San Juan Nepomuceno y lleva a Cartagena hermosas mochilas tejidas tradicionalmente por mujeres de esa población y las vende a una clientela fija, que e compra a crédito y muchas veces de contado. Su negocio surgió, porque visitando a un familiar oriundo de San Jacinto, apreció la belleza de estas manualidades y las oportunidades comerciales en la ciudad de Cartagena, donde vive con su familia conformada por su esposa y sus dos hijos en las edades de 9 y 13 años. Para conseguir sus primeros contactos con proveedores, fue apoyado por su familiar , mientras Carlos inició su promoción para lograr construir su primera clientela, la cual se ha ido extendiendo y aumentando las exigencias de su capital de trabajo para responderles. Este es justamente la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante la cual comprará bolsos para toda ocasión, inversión que planea será exitosa, porque con ella responde a pedidos de sus clientes. Su meta es ampliar su infraestructura de negocio y tener su propio local mas adelante, pero su desafío es el insuficiente capital de trabajo para lograrlo.

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
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,796.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Carlos Alberto to buy bags for all occasions.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2012
Listed
Jan 30, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012