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Alexander Rafael
Alexander, 38 years old, works sewing bags. This work generates his principal income which he uses to support his family. This has become a family tradition, as his father also works sewing bags and with him he learned to work in all areas of operations including design, cutting, sewing, and assembling all of the necessary pieces. He worked doing this for 12 years in various enterprises, until he got tired of working for others and decided to start working independently. In 2005 he opened his own shop, investing his money and some machinary from the last place he had worked, and little by little he was able to acquire a small punching machine. With his high quality products, he was able to venture into the market where there are many accessory and bag shops, located in the center of the city, where the majority of his clients are. His biggest dream is to grow his business and have his own location, where he can put the products he makes on display.

Curently he is applying for this loan from Kiva, his first from the Fundación Mario Santo Domingo, in order to buy synthetic leather, linings, yarn, and other materials in bulk in order to obtain special discounts. This will allow him to improve his prices, becoming more competitive as a result of his Kiva loan.
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Alexander de 38 años de edad, se dedica a la confección de bolsos, actividad que genera sus principales ingresos para lograr sostener su familia y que nació como tradición familiar, pues su padre también se ha dedicado a ella y con él aprendió a trabajar en todas las operaciones desde el diseño, corte confección y acabado de piezas. Así fue como trabajó durante 12 años en diversas empresas, hasta que cansado de operar para otros, decidió empezar a trabajar de manera independiente en el año 2005 cuando organizó su propio taller, invirtiendo su liquidación de la última empresa donde había laborado y de donde recibió además una máquina plana, como valor de su indemnización y él poco a poco agregó una maquina troqueladora pequeña. Con la buena calidad de sus productos, incursionó en el mercado de los almacenes de calzado y bolsos, ubicados en el centro de la ciudad, donde está su mayor clientela. Su mayor sueño es ampliar su negocio y tener un local donde pueda exhibir los productos que elabora. En la actualidad está aplicando a un credikiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, mediante el cual comprará cueros sintéticos, correderas, herrajes forros, cartones hilos e insumos en un amplio volumen, para obtener descuentos especiales y trasladarlo a su oferta, haciéndola cada vez mas competitiva y en esto radica el éxito de su credikiva.

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
  • $15,250,425
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Alexander Rafael to buy synthetic leather, linings, yarn, and other materials in bulk.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2012
Listed
Aug 24, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2013