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Ulises has been making paintbrushes since the year 1985, when he started his business, after having been a salesman for a company dedicated to marketing these products. In his business, he makes brushes from 1 to 6 inches and distributes them in hardware stores and in little warehouses and hardware stores, which have become his principal customers. His productive process begins when he makes the handle, processes the bristles, ties, paints and markets them. He puts special emphasis on pre-sale efforts, so that he can adjust his production to the demand. He sells from Tuesday to Friday, and works 8 hours a day. Whereas for his purchases, he makes them in cash in the municipal slaughterhouse where he buys the hair, and the wood he buys in the sawmills. His biggest challenge to expanding his market is that he doesn’t have the working capital necessary to invest in raw materials and inputs in order to fabricate a greater number of paintbrushes at a lower cost. This is the reason why he is applying for a Kivaloan, his first financial arrangement with the Fundación Mario Santo Domingo. With this, he will buy wood at a greater volume in order to get discounts that will reduce his production costs and in order to achieve a greater number of units made, and to offer better price options to his current and potential customers.
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Ulises produce brochas para pinturas desde el año 1985, cuando dio inicio a su negocio, después de haber sido vendedor de una empresa dedicada a comercializar este producto. El fabrica en su negocio brochas de 1” a 6 “ y las distribuye en ferreterías y pequeños almacenes y ferreterías, las que se han convertido en sus principales clientes. Su proceso productivo inicia cuando elabora el cabo, procesa las cerdas, amarra, pinta y comercializa, trabajando con énfasis la preventa para producir ajustándose a la demanda. Sus ventas las realiza de martes a viernes y trabaja durante 8 horas diarias, mientras sus compras las hace de contado en el matadero del municipio donde compra el pelo y la madera la compra en los aserraderos. Su mayor desafio para extender su mercado es que no cuenta con un capital de trabajo suficiente para invertir en lateias primas e inusmos y para lograr fabricar un mayor número de brochas en un menor costo. Esta es la razón por la cual está aplicando a un credikiva, el primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el que comprará madera en mayor volumen para ganar descuentos, que disminuyen sus costos productivos y para lograr fabricar en un numero de unidadess, superiores a las que fabrica, y ofrecer mejores opciones de precios a sus clientes reales y potenciales.

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
  • 484
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,778.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Ulises to buy wood in greater volume.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Jul 19, 2012
Jul 29, 2012
Currency Exchange Loss:
Mar 15, 2013