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Alvaro
Alvaro is an enterpriser who is dedicated to selling handmade products decorated with weaving thread, steel, stone, gourds, coconut, seeds, etc. His business is located in the outskirts of a mall at the south of the city, a site that is busy with people at all hours of the day and part of the night. His main clientele are young people that pass through the area and regular customers that he has managed to obtain with his personal warmth. This is why, even though the competition is great, he maintains his good prices. Kindness in service and also because of his location in this area of the city, where the market is very large and he improves his sales, because he reaches for them all. Álvaro works 12 hours every day of the week along with his spouse selling and buying items for cash in downtown Barranquilla, to different suppliers from the malls. Since he is affiliated with an association of sellers from the south, he will soon be moving into the new gallery established by the local government. It will be located in a place that is very close to the Metropolitan stadium, birthplace of the Colombian soccer player and this makes all of the traveling merchants very happy.

Alvaro enjoys very good references, because he cares a lot for his relationships and the good performance in his environment. His financial state shows a stable situation with a well-assorted inventory of handicraft items which he has bought through costly loans from informal people. He wants to gradually replace it, in order to increase his working capital. He hopes to maintain a foundation of cash to buy handicraft products at wholesale and with cash, with the objective of increasing his inventory and the assortment, and make the most of the pre-carnival and carnival season, in order to significantly increase his sales. This is precisely the reason for which he has requested the Kiva loan, with which he will buy costume jewelry, t-shirts, footwear, and carnival handicrafts to respond appropriately to his current demand.
View original language description ↓
Alvaro es un emprendedor dedicado a la comercialización de productos artesanales elaborados en hilo para tejer, acero, piedras, totumo, coco, semillas, etc. Su negocio se encuentra ubicado en las afueras de un centro comercial al sur de la ciudad, sitio muy concurrido por personas en todas las horas del día y parte de la noche. Su clientela principal son personas jóvenes que transitan por el sector y clientes fijos que ha logrado conseguir con su calidez personal, por eso aunque la competencia es alta, se sostiene por buenos precios, amabilidad en el servicio y también por su ubicación en esa zona de la ciudad, donde el mercado es muy amplio y potencializa sus ventas, porque alcanza para todos. Álvaro trabaja 12 horas diarias de lunes a domingo, en compañía de su cónyuge vendiendo de contado y comprando de la misma manera, en el centro de la ciudad de Barranquilla, a diferentes proveedores de los centros comerciales. Como se encuentra afiliado a una asociación de vendedores del sur, próximamente estará habitando la nueva galería otorgada por el gobierno local, pues será reubicado en u lugar muy cercano al estadio Metropolitano, cuna del balompié de Colombia y esto a todos los comerciantes ambulantes los tiene muy felices.
Alvaro goza de muy buenas referencia, porque cuida mucho sus relaciones y el buen comportamiento en su entorno. Sus estados financieros muestran una situación financiera estable con un inventario bien surtido de productos artesanales, que ha logrado comprar a través de créditos costosos a personas informales y quiere gradualmente reemplazarlo, para lograr incrementar el capital de trabajo, pues busca mantener un fondo en efectivo para comprar productos artesanales, al por mayor y de contado, con el objetivo de aumentar el inventario y el surtido, y aprovechar al máximo la temporada de pre carnaval y carnaval, para incrementar significativamente sus ventas .Esta es justamente a razón por la cual acude a su credikiva, con el cual comprará bisutería, camisetas, calzado, artesanías carnavaleras, para responder apropiadamente a su demanda actual.

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
  • 292
    View loans »
    Colombia Loans Fundraising
  • $13,948,100
    Funds lent in using Kiva
  • 1,777.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Alvaro buy costume jewelry, t-shirts, shoes, and carnival handicrafts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2012
Listed
Feb 20, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012