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Pablo
Pablo is a craftsman that lives in Galapa, a municipality with crafting traditions, located in Costa Caribe, Colombia, 20 minutes from the city of Barranquilla. He is a craftsman and works with materials such as straw and wood, with which he makes baskets of different sizes and shapes that he sells in flower shops of the departments of Guajira and Cesar; he and his wife take orders from the flower shops at these cities and when there is a lot of demand, they ask a neighbour to help them at home to serve clients directly, he and his wife travel to deliver the products by efficiently splitting their tasks.
He got his experience by helping his brother in law who used to work doing this art, two years later he started his own business. His family is formed by his wife and two daughters ages 19 and 16. In his business he sells on cash and monthly credit terms, this allows him to cover home expenses and reinvest, his client base has slowly expanded and he has to increase his possibilities to purchase by getting a loan to have working capital. This is the reason why he comes to credikiva and with this loan he will purchase raw materials at wholesale, to get discounts on the volume and he will also set up his wood saw on a stand made also of wood. His goal is to organize his small enterprise and later on generate a job for a friend and increase his possibilities of production through more working capital and expansion of his client base.
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Pablo es un artesano que vive en Galapa, un municipio de tradición artesanal, ubicado en la Costa Caribe de Colombia y a 20 minutos de la ciudad de Barranquilla. Él es Artesano y la materia prima de sus productos son el bejuco y la madera, con los que fabrica especialmente canastas en distintos tamaños y formas, que comercializa en floristerías de los departamentos de Guajira y Cesar; él y su esposa toman los pedidos de las floristerías en estas ciudades y cuando hay mucha demanda, piden a un vecino que le colabore desde su casa y responden a su clientela directamente, es decir viajan él y su esposa ara llevar los productos, eso si, distribuyendo efectivamente sus tareas. Su experiencia la adquirió como ayudante de su cuñado con quien trabajaba ese arte y dos años después inició su propio negocio. Su grupo familiar lo conforman su cónyuge y sus 2 hijas de 19 y 16 años respectivamente. En su negocio vende permanentemente y sus ventas mensuales, le permiten responde a los gastos del hogar y reinvertir, pero poco a poco su clientela ha ido creciendo y por eso debe aumentar sus posibilidades de compra mediante un crédito para capital de trabajo. Esta es la razón por la cual acude a su credikiva con el cual comprará materias primas en mayor volumen, con los cuales planea ganar descuentos por compras al por mayor y también adecuará su motor de corte de madera en un mueble de este mismo material. Su meta es organizar más adecuadamente su microempresa y más adelante es generar fuentes de empleo para un amigo, aumentando sus posibilidades de producción mediante mas capital de trabajo y el ensanchamiento de su clientela.

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
  • 479
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,774.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Pablo to buy materials such as straw and wood at wholesale and to set up his wood cutting machine.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2012
Listed
Mar 12, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2013