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Marcelo
Marcelo, 28, sells merchandise like clothes, cologne, accessories, etc. He lives with is spouse and two year old son in the town of San Juan Nepomuceno.

To start his business, Marcelo took advantage of experience his spouse had in commerce because she worked in her own business before going to Spain in search of employment. When she returned, she recovered her market so that Marcelo could start the same activity with her best customers. His goal for later on is to have a well situated store in town with several lines of commercial products. His great challenge is not having enough working capital to accomplish this.

He is applying for a Kiva loan at present, his first financing with Fundación Mario Santo Domingo to buy informal clothes, like pants, and cosmetics. His investment will be successful because he will have more working capital at hand for his purchases without having to wait for his customers that he’s sold to on credit to pay him back.

While working towards reaching his dream, he has a profit margin of no less than 40%, a financial indicator from which we can project successful growth due to his experience supported by his spouse and his market potential.
View original language description ↓
Marcelo de 28 años de edad se dedica a la venta de mercancías como ropa, colonias, accesorios etc. Él vive con su cónyuge y su hijo de dos años, en el municipio de San Juan Nepomuceno. Marcelo para iniciar su negocio aprovechó la experiencia que tenia su cónyuge en el comercio, pues trabajaba en su propio negocio, antes de irse a España en busca de trabajo, por eso y cuando regresó, rescató su mercado para que Marcelo iniciara esta misma actividad, con sus mejores clientes. Su meta más adelante es tener un almacén bien posicionado en el pueblo, con varias líneas de productos comerciales. Su gran desafío es no tener el suficiente capital de trabajo para lograrlo. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará ropa informal, como pantalones y cosméticos; su inversión será exitosa porque tendrá un capital de trabajo mas y disponible, para hacer sus compras, sin tener que esperar a que sus clientes, a quienes les ha vendido a crédito le paguen. Mientras trabaja para alcanzar su sueño, maneja una rentabilidad no menor al 40%, indicador financiero desde la cual proyectamos un crecimiento exitoso, debido a su experiencia, apoyada por su cónyuge y a la potencialidad de su mercado.

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
  • 138
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,760.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Marcelo to buy informal clothes, like pants, and cosmetics.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2012
Listed
Mar 18, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2013