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Benjamin
Benjamín manufactures women’s and children’s shoes that he sells directly to small businesses and general stores located near his workshop, to individuals who place orders and directly at the entrance to a sporting venue in the city. With his activity he’s managed to support his home consisting of his wife and one year old daughter.

Benjamín plans to grow but must organize himself better, increasing working capital to respond in a timely fashion to his potential customers and to become a little more up to date technologically; this is precisely his great challenge.

He currently sells both in cash and on credit and needs to buy an industrial sewing machine and production raw materials. This is the reason he’s calling on a Kiva loan, his first financing from Fundación Mario Santo Domingo.

This investment’s success resides in that he will attain improvements in productive time, increase quality of products and will attain discounts for paying cash and for volume purchases. His dream is to create jobs and increase income daily to increase his family’s wellbeing and make his daughter’s future success a reality.
View original language description ↓
Benjamín fabrica calzado en las líneas femeninas e infantiles y los distribuye directamente en pequeños negocios, misceláneas ubicados muy cerca a su taller, individualmente a quien le solicite y directamente en la puerta de un escenario deportivo en la ciudad, con su actividad ha logrado el sostenimiento de su hogar conformado por su cónyuge y su pequeña hija de 1 año de edad. Benjamín tiene planea de crecimiento, pero debe organizarse mejor, aumentar su capital de trabajo, para dar respuesta oportuna a su potenciales clientes y tecnificar un poco, este es justamente su gran desafío. En la actualidad vende de contado y a crédito y necesita comprar una máquina industrial y materiales de producción; esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo; su éxito en esta inversión radica en que obtendrá mejoramiento de los tiempos productivos, aumento de la calidad del producto y en lograr descuentos por compras de contado y en mayor volumen. Su sueño es generar empleos y aumentar cada día mas sus ingresos para aumentar el bienestar de su familia y potencializar el éxito futuro de su hija

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
  • 180
    View loans »
    Colombia Loans Fundraising
  • $13,090,925
    Funds lent in using Kiva
  • 1,762.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Benjamin to buy an industrial sewing machine and raw materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2012
Listed
Mar 16, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013