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Walter
Walter is 20 years old and the father of a 2-year-old son. He is an inspired young artist who paints pictures on canvas. He sends them to a framing shop and sells them. He has had business experience since he was 15, when he learned to profit from the products of his inspiration and make it his own lifestyle that would generate income for him. His principal customers are homemakers and employees who pay him weekly, monthly, or every two weeks, according to each one's ability, but in the short term. Now he does not have access to clients with whom he could negotiate if he offered longer term loans, and this has become one of his greatest challenges. This is why he is turning to a Kiva loan, which will be the second financing that he has had with Mario Santo Domingo Foundation, and with which he will buy frames, canvases, and paint in greater quantities, in order to offer better payment terms to his customers and win a larger number of them. Walter is a hard-working young man who goes out every day with his paintings and offers them door-to-door throughout the the city of Cartagena, always seeking to sell more each time. His goal is to end the year with an increase in his loan portfolio and succeed in responding to all the challenges that entrepreneurial activity brings with it, since he is very young and has the ability to achieve his dream of prosperity, which is nothing other than improving his quality of life and that of his family.
View original language description ↓
Walter de 20 años de edad, padre de un hijo de 2 años, es un joven artista inspirado que pinta cuadros en lienzo los envía a la marquetería y los vende; él tiene experiencia de negocio desde sus 15 años de edad, cuando aprendió a aprovechar el resultado de su inspiración y hacerlo su propio estilo de vida que le generara ingresos. Sus principales clientes son amas de casa y empleados que le pagan semanal, mensual o quincenal de acuerdo a las posibilidades de cada uno, pero a corto plazo. En la actualidad no accede a clientes efectivos, con quienes pudiera negociar si le ofreciera plazos más amplios y esto se convierte en uno de sus mayores desafíos. Esta es la razón por la cual acude a un credikiva, segundo financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará marcos, lienzos y pinturas en mayor volumen, para ofrecerle mejores condiciones de pago a su clientela y ganar un mayor número de ellos. Walter es un joven muy trabajador, que sale todos los días con sus cuadros y los ofrece puerta a puerta en toda la ciudad de Cartagena, siempre buscando vender cada vez más. Su meta es terminar el fin de año con el aumento de su cartera de créditos y lograr responderle a todos los desafíos que trae consigo la actividad empresarial, pues es muy joven y tiene las capacidades para lograr su sueño de prosperidad, que no es otro, que el de aumentar su calidad de vida y la de su familia.

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
  • 492
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,787.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Walter to buy frames, canvases, and paints in large volume.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2012
Listed
Aug 19, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 19, 2013