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Carlos
Carlos, 52, lives very near the most important sports venue in the city of Barranquilla, the Caribbean coast and Colombia where professional soccer games are played. This neighborhood has many formal and informal productive alternatives. He has a small store where he sells clothing for infants that he has been making in his own shop since he moved to Barranquilla ten years ago to live here. He came from his native Santander Department in 2000 to start his own business as is usual for natives of this department.

Very quickly Carlos won over a clientele made up of neighbors who now buy from him at wholesale and stores on the Atlantic coast. He’s gradually been increasing his clientele with them even though he has a lot of competition but he stays in business thanks to fair prices and quality products and service.

His customers pay him in 30 or 60 days and this is why he’s calling on Fundación Mario Santo Domingo, his second loan from this institution and first from Kiva that he plans to use to finance his portfolio buying raw materials and accessories to make clothes for infants and other items like cradles, covers, diaper bags, walkers, etc.

His investment will be successful because he knows his market very well and he’ll have additional working capital to buy in volumes higher than usual which is a competitive edge in negotiating prices. He managed to attain greater liquidity and a display case with his previous loan consequently improving his quality of life.
View original language description ↓
Carlos de 52 años de edad vive muy cerca al escenario deportivo más importante de la ciudad de Barranquilla, la Costa caribe y Colombia, donde juegan equipos profesionales de futbol. En este barrio compuesto por múltiples alternativas productivas, formales e informales, él tiene también su pequeño almacén donde vende ropa de bebe, que confecciona en su propio taller, desde que llegó a la ciudad de Barranquilla hace 10 años para radicarse, procedente de su natal departamento de Santander y emprender en el año 2000 su propio negocio, como es usual en la cultura de los oriundos de este departamento; Carlos muy pronto conquistó una clientela conformada por vecinos que hoy le compran al por mayor y almacenes de la Costa Atlántica; con ellos gradualmente ha ido incrementando su clientela y aunque maneja una alta competencia, pero se sostiene con precios justos y calidad en sus productos y el servicio. Sus clientes le pagan a 30 o a 60 días, esta es la razón por la cual acude a la Fundación Mario Santo Domingo, segundo financiamiento que hace a esta organización y primer credikiva, con el cual planea financiar su cartera, comprando con este capital materias primas y accesorios para elaborar ropa de bebe y otros artículos como cunas, toldos, pañaleras, caminadores etc. Su inversión tendrá èxito porque conoce muy bien su mercado y tendrá un capital de trabajo adicional para hacer compras en más volumen que el acostumbrado, lo que se convierte en una ventaja competitiva para negociar precios. Con su crédito anterior logró adquirir mayor liquidèz, vitrina y en consecuencia ha mejorado su calidad de vida.

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
  • 504
    View loans »
    Colombia Loans Fundraising
  • $15,233,250
    Funds lent in using Kiva
  • 1,760.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Carlos to buy raw materials and accessories to make baby clothes and other items like cradles, covers, diaper bags, walkers, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2012
Listed
Mar 18, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 18, 2012