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Emiro
Emiro, 57, is married and has two son, ages 29 and 18, and a daughter, aged 27, who he wants to become successful people. For 23 years Emiro has been selling fish and distributing it using a bike-cart. He decided to go into business after working in a textile factory for ten years. He used the severance pay he received to buy fish and sell it to his neighbors. Nowadays, he is very well-known in the industry because he sells all kinds of fish directly to the customers, on both a cash and 8-day credit basis. He works Tuesday through Sunday and makes his purchases in cash at the Barranquilla market.

His business goal is to buy a new bike-cart and increase his fish purchases to increase sales. This is so he can renovate his house and build on a lot he just bought. But, despite his dreams, he is up against a great challenge, which is not having enough working capital to make his dreams come true. Therefore, he is requesting a CrediKiva loan to buy fish, such as lizardfish, sea fish, catfish and shrimp; and also to fix the bike-cart he uses to distribute the fish. Through this investment he will be able to increase his variety and attract more customers, little by little allowing him to reach his goal.
View original language description ↓
Emiro tiene 57 años, es un hombre casado, que tiene 2 hijos de 29 y 18 años y 1 hija de 27 años con quienes sueña ver convertidos en personas exitosas. Emiro se dedica a la venta de pescado, en un bicicarro en el cual lo distribuye, desde hace 23 años, cuando ideo este negocio después de trabajar durante 10 años en una empresa textil, y una vez dejó de hacerlo, con su liquidación comenzó a invertirlo en pescado y a ofrecerle a sus vecinos; hoy en el sector es muy reconocido, porque vende toda clase de pescado directamente a los clientes, de contado y a un crédito con un plazo máximo de 8 días: Emiro desde los Martes hasta los Domingos, hace sus compras de contado, en el mercado de Barranquilla. Sus metas del negocio es adquirir un nuevo bicicarro e incrementar el volumen de compras de pescado y aumentar sus ventas, para lograr adecuaciones a su vivienda y construir en un lote que acaba de comprar; no obstante a sus sueños tiene un gran desafío y es el no contar con el capital de trabajo suficiente para lograr rápidamente sus sueños. Esta es la razón por la cual acude a un credikiva, con el cual comprará pescado como en Bocachico, mojarra, bagre, camarones y arreglar el biciicarro en que distribuye su pescado; con esta inversión logrará un mejor surtido para poder ampliar su clientela y poco a poco alcanzar sus tan anheladas metas.

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
  • 562
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,800.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Emiro to buy lizardfish, sea fish, catfish and shrimp; and to fix the bike-cart he uses to distribute his fish.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2012
Listed
Sep 29, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013