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Edwin Mauricio
Edwin, 28, is a young married man who has three children whose ages range from 1 to 6 years. He is a worker who manages to support his family through a business making shoes for women, men and children. He started the business in 2010 in his patio with very rudimentary tools. Little by little he bought a more equipment and moved his business into a room that he set up as his workshop. Today, he not only occupies this room but almost all of the house because his business has grown and each time his orders increase to such a degree that he had to employ a helper and later on two more so that he now has three cobblers, a cutter, a decorator and himself who works in the entire productive process especially in design; his wife takes care of the sales.

With the growth of his business his working capital becomes insufficient to meet market demand which is why he’s calling on a Kiva loan, his first financing from Fundación Mario Santo Domingo that he’ll use to buy larger amounts of soles, lining, synthetics, a folder, a strip cutter, a display case and shoe trees. His dream is to open a store and to become a shoe exporting firm; this last is his great challenge.
View original language description ↓
Edwin de 28 años, es un joven casado que tiene 3 hijos en las edades de 1 a 6 años. Él es un trabajador que logra sostener su familia, a partir de un negocio mediante el cual elabora calzado, para damas, caballeros y niños, desde el año 2010 cuando inició en el patio de su casa con herramientas muy rudimentarias; poco a poco compró equipamiento y trasladó su negocio a una habitación que acondicionó como su taller, hoy no solo ocupa este cuarto, sino casi toda su casa, pues su negocio ha crecido y cada vez mas, los pedidos aumentan y con ello la tenido que adicionar primero un ayudante, posteriormente agregó dos mas y hoy cuenta con 3 zapateros, un cortador, un guarnecedor y él mismo, quien trabaja en todo el proceso productivo especialmente el de diseño, mientras su esposa está a cargo de la comercialización. Con el crecimiento de su negocio, su capital de trabajo se torna insuficiente, para lograr responder a su demanda en el mercado. Esta es la razón por la cual acude a su credikiva, primer financiamiento, que hace a la Fundación Mario Santo Domingo, mediante el cual comprará en mayor volumen, suelas, forros, sintéticos, una dobladora, una cortadora de tiras, una vitrina y hormas. Su sueño es abrir un local comercial y crecer como empresa exportadora de calzado, este último es su gran desafío .

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
  • 299
    View loans »
    Colombia Loans Fundraising
  • $13,968,900
    Funds lent in using Kiva
  • 1,760.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Edwin Mauricio to buy shoe making supplies and equipment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 9, 2012
Listed
Mar 18, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 20, 2013