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Luis
Luis has had his business for 19 years, and has thus been able to support his family, consisting of his wife and their three children ages 16 to 18. He sells handbags, briefcases, hats, frames, lenses and a varied merchandise. Luis takes advantage of special holidays and seasons to diversify his products, so when mothers day, parents day, teachers day, childrens day etc. are approaching, he purchases goods which match the requirements of the season to achieved the best sales.

In his early days he worked for a company, but in order to generate additional income he decided to simultaneously start trading and now has his own shop south of the city. Luis works from 8:00 a.m. to 10:00 pm, and even though competition is high, he survives through his prices, timely service and friendly treatment of customers.

His goal is to strengthen and grow his business, and to leave his children with a legacy of work and entrepreneurship. Luis' biggest challenge is the lack of working capital to do this in the short term, so he has applied for a loan with which he will buy handbags, briefcases, and accessories for women and men in bulk and with cash, so that he can respond to his customers' orders and maintain an inventory. He will make his products attractive for his customers to buy, to celebrate father's Day and all the holiday festivities that come each semester when customers have received work bonuses and premiums, which would make his investment very successful.
View original language description ↓
Luis se dedica a la actividad comercial desde hace 19 años; con ello ha logrado sostener su familia conformada por su cónyuge y sus tres hijos en las edades de 16 a 18 años. En su actividad diaria vende bolsos, maletines, gorros, variedades, monturas y lentes. Luis aprovecha muy bien épocas especiales para diversificar sus productos, por eso cuando se acercan días de las madres, del padre, del maestro, del niño etc. compra mercancía ajustada a los requerimientos de cada temporada y logra sus mejores ventas. En sus inicios trabajaba para una empresa como empleado, pero con el fin de generar ingresos adicionales, decidió dedicarse simultáneamente al comercio y hoy está ubicado en un local comercial al sur de la ciudad, donde trabaja dese las 8:00 am a 10:00 pm; aunque su competencia es alta se sostiene con precios, servicio oportuno y buen trato. Su meta es fortalecer cada vez más su negocio y dejarles a sus hijos un gran legado de trabajo y emprendimiento. Su mayor desafío es la falta de capital de trabajo para lograrlo en tiempos mas cortos, por eso acude a un credikiva con el cual comprará al por mayor y de contado, bolsos, maletines, carteras accesorios femeninos y masculinos, con los cuales responder a su clientela con pedidos solicitados y también Luis podrá tener un inventario, que haga su oferta muy atractiva para que sus clientes compren, con motivo de la celebración del día del padre y todas las festividades que se acercan en periodos vacacionales del semestre, en los cuales los clientes tienen en sus manos bonificaciones y primas de trabajo, lo que haría que su inversión sea muy exitosa.

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
  • 488
    View loans »
    Colombia Loans Fundraising
  • $15,259,900
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $650 helped Luis to purchase handbags, breifcases and accessories for men and women, wholesale and in cash.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2012
Listed
May 24, 2012
Currency Exchange Loss:
Possible
Expired:
Jun 23, 2012