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Nicolas
Nicolás, 56, is married and has three children whose ages range from 28 to 32. He’s a very hardworking man who since the age of 15 has done nothing more than work to help support his family. First he sold fish, then bananas and later worked in a hotel for 15 years and ten years ago a woman taught him to make mops and when he made his first one this stimulated him to start his own business and this is how he started manufacturing his initial items and selling them himself carrying them on his shoulder from street to street, avenue to avenue.

Later on he purchased a cart to support the weight of the orders he’d get and gradually he’s been complementing is business adding other products that he buys in the market like kitchen utensils and cleaning supplies. Finally, he’s added clothes because of market demand. His goal is to continue his business growth and later on to get a commercial space to sell at wholesale as well as retail.

However, in face of market demand and sales potential his working capital is insufficient to reach his goals step by step which is the reason he’s calling on a Kiva loan to pay cash for larger amounts of clothes, lamps, kitchen utensils, plastic and kitchen items, among others. His Kiva loan will be successful because Nicolás knows his market and he’s backed up by demand in it. He will buy in volume and pay cash which will lead to more price competitiveness because of the discounts his suppliers will give him this season.
View original language description ↓
Nicolás de 56 años de edad, casado y con tres hijos en las edades de 28 a 32 años, es un hombre muy trabajador que desde sus 15 años, no ha hecho mas que trabajar, para ayudar a sostener a su familia; primero vendió pescado, luego plátano, posteriormente trabajó en un hotel durante 15 años y hace 10 años una señora le enseñó a fabricar trapeadores y cuando elaboró el primero, lo estimuló a que emprendiera su propio negocio; así fue que empezó fabricando sus primeros artículos y vendiéndolos él mismo, cargándolos al hombro, calle a calle, carrera a carrera. Posteriormente compró una carreta, para soportar el peso de los pedidos que conseguía y poco a poco ha ido complementando su negocio, con otros productos que compra en el mercado, como enseres de cocina y de aseo, a lo que finalmente le ha agregado ropa por demanda de su mercado. Su meta es continuar su crecimiento empresarial, mas adelante, conseguir un local comercial, vender al por mayor y también al detal, pero ante la necesidad de su mercado y el potencial de ventas, su capital de trabajo resulta insuficiente, para cumplir paso a paso sus propósitos. Esta es la razón por la cual acude a un credikiva, con el que comprará en mayor volumen y de contado, ropa, lámparas, enseres, plásticos y de cocina, entre otros artículos. Su credikiva será exitoso, porque Nicolás conoce su mercado, se ampara en la demanda de este y comprará de contado y en volumen lo que le generará mayor competitividad en sus precios, por los descuentos que le otorgarán sus proveedores, en esta temporada.

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
  • 554
    View loans »
    Colombia Loans Fundraising
  • $14,644,975
    Funds lent in using Kiva
  • 1,829.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Nicolas to pay cash for merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2012
Listed
May 29, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 22, 2013