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Humberto
Humberto, aged 41, lives in the town of San Jacinto, in the department of Bolívar. This is a land of hammocks and craftsmen who do vertical weaving. Humberto's family is made up of his wife and four children, who are aged between 12 and 17 years. His mother makes cultural handicrafts, and is part of a very well organized group in this town, which is what inspired Humberto to sell artisinal products.

He and his wife both work in his business, which is a handicrafts business authorized by the "Servicio Nacional de Aprendizaje" ["National Apprenticeship Service"], or "SeNA" for short, organization. SeNA is a state organization for educational development for technical and technological careers. For this reason, they do not just sell handicrafts from their own culture, but also those from other regions of the country.

He is currently applying for this Kiva loan because he is preparing a good inventory of hammocks, bags, and backpacks. The loan will allow him to purchase supplies in greater volume, buying yarn for hammocks, a packet of fine yarn for bags and backpacks, and also skeins of agave fiber. With this he will be able to make ten hammocks and fifty bags, and use the rest for the backpacks.

The success of this investment lies in the fact that he will not need to purchase products as other suppliers do, which normally happens due to growing sales, but he will have a supply of stock to offer for sale. His experience resides in knowing how to sell and have in stock what his customers need.
View original language description ↓
Humberto de 41 años vive en el municipio de San Jacinto, en el departamento de Bolívar, tierra de las hamacas y artesanías en tejido vertical. Su familia está conformada por su cónyuge y sus 4 hijos en las edades de 12 a 17 años de edad. Su madre en su cultura artesanal forma parte de un grupo en esta población muy bien organizado y esto lo inspiró para vender los productos artesanales. En su negocio trabaja él y su esposa, quien es una artesana titulada por el Servicio Nacional de Aprendizaje “Sena”, organización que controla el estado nacional, para el desarrollo educativo de carreras técnicas y tecnológicas, por eso ella conoce no solo las artesanías de su cultura, sino también las de otras regiones del país. En la actualidad está aplicando a su credikiva, porque se prepara con un buen inventario de hamacas, bolsos y mochilas, así es que comprará en mayor volumen hilazas para hamacas, paquete de hilo fino para bolsos y mochilas y también pitas de madejas. Esto le alcanzara para fabricar 10 hamacas, 50 bolsos y el resto en mochilas. El éxito de la inversión radica en que ya no tendrá que comprar productos donde otros proveedores, porque así ocurre usualmente debido a que su mercado está creciendo, sino que tendrá un stock de oferta que ofrecer y su experiencia radica en saber venderlos y tener lo que sus clientes necesitan.

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
  • 167
    View loans »
    Colombia Loans Fundraising
  • $12,834,025
    Funds lent in using Kiva
  • 1,778.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Humberto to purchase supplies in greater volume, buying yarn for hammocks, a packet of fine yarn for bags and backpacks, and also skeins of agave fiber.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2012
Listed
Mar 14, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2013