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German
German lives in San Jacinto, a town in Bolívar Department, with his spouse and two children who are 14 and 21 years old respectively. He works making shoes there, an occupation he learned when a cobbler came to this town and set up a workshop and German worked as his assistant for many years. He also sells agricultural products seasonally, that is, at each harvest; he learned this activity by tradition since that was his father’s occupation. With these activities he’s managed to support his home and for the last two years has been getting help from Fundación Mario Santo Domingo.

With this organization’s loans he’s been able to have more working capital on hand to be able to carry out effective negotiations because he used to work with costly loans from individuals who ended up keeping most of the profits his work produced. Today with his loans he’s attained better living conditions and he dreams with making his business grow much more taking advantage of the fact that he lives in a very commercial sector with much growth potential.

He is currently applying for a Kiva loan, the third financing he’s gotten from the Fundación that he will use to buy materials to make new shoe designs. He will also buy backpacks and purses to sell as well as avocadoes.

His investment will be successful because he knows his market and the movement of those products well. Because of this he will increase his inventories to respond quickly to customer demand.
View original language description ↓
German vive en San Jacinto, municipio del departamento de Bolívar, con su cónyuge y sus dos hijos en las edades de 14 y 21 años respectivamente; allí se dedica a la fabricación de calzado, oficio que aprendió cuando un zapatero llegó a esta población, puso un taller y German trabajó como su ayudante durante varios años. Así mismo vende productos agrícolas de manera estacionaria, es decir en cada cosecha, esta actividad la aprendió por tradición de su padre quien la practicaba. Con estas actividades ha logrado generar el sustento de su hogar y ha sido apoyado por la Fundación Mario Santo Domingo desde hace 2 años. Con los financiamientos de esta organización, ha logrado tener en sus manos un capital de trabajo mas, para poder hace negociaciones efectivas, pues antes trabajaba con créditos costosos de particulares y en manos de ellos quedaba la mayor parte de las ganancias que producía su trabajo. Hoy con sus créditos, ha conseguido mejorar sus condiciones habitacionales y sueña con hacer crecer mucho mas su negocio, aprovechando que vive en un corredor muy comercial y tienen la potencialidad para desarrollarse y crecer. En la actualidad esta aplicando a su credikiva, tercer financiamiento que hace a la Fundación, con el cual comprará materiales, para trabajar nuevos diseños de calzado, comprará también mochilas y bolsos para la venta y aguacates, su inversión será exitosa porque conoce su mercado y el movimiento de estos productos, por eso aumentará sus inventarios y podrá responder a los pedidos de sus clientes muy rápidamente.

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
  • 164
    View loans »
    Colombia Loans Fundraising
  • $13,203,500
    Funds lent in using Kiva
  • 1,760.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped German to buy shoe making supplies.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2012
Listed
Mar 18, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 18, 2013