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Manuel
Manuel is 39 years old and owns a business in the center of the city, in a very commercial area. He buys and sells sacks, a type of bag that can be made out of fique or synthetic thread. It is very useful for packing.

He came to Barranquilla, forced by the violence in the countryside. Looking to make enough to support his family's needs, he started his own venture. He is now selling more than 5000 sacks per week.

15 years ago, he started his business. He buys sacks from people that collect recyclable waste and bring them to his establishment. Manuel sells them mainly to two distributors that pack salt in the Manaure municipality, in the Guajira department. Here, the sea is the raw material of the salt industry, which is the base for the municipality's economy. The majority of the salt consumed in Colombia is produced here.

His goal is now to increase his capacity to buy, in order to supply even more customers. His working capital is insufficient to reach more customers. This is why he is requesting a credikiva, with which he will buy a larger amount of synthetic sacks. He hopes to make a bit more money in this way, which will benefit, even more, his family's well-being.
View original language description ↓
Manuel de 39 años de edad tiene su negocio en el centro de la ciudad en una zona muy comercial; él se dedica a la compra y venta de sacos, una bolsa tejida en fique o en tiras sintéticas, que tiene mucha funcionalidad cunado se trata de empacar. Desde que fue desplazado por la violencia, llegó a la ciudad de Barranquilla, con el propósito de generar ingresos suficientes, para atender las necesidades de su familia y así fue como emprendió su propia aventura de negocios, en la que hoy maneja un volumen de ventas mayor de 5000 unidades semanales. Desde hace 15 años cuando inició su negocio compra a recicladores que llevan los sacos a sus instalaciones, para que Manuel los venda principalmente a 2 comercializadoras que empacan sal en el municipio de Manaure, departamento de la Guajira, donde el El mar es la materia prima para la industria de la sal, base de la economía del municipio, que produce la mayoría de la sal consumida en Colombia. En la actualidad su meta es aumentar su capacidad de compra, para proveer a muchos más clientes, a quienes aun no han logrado llegar, porque para ello su capital de trabajo resulta insuficiente; esta es la razón por la cual acude a un credikiva, con el cual comprará en un mayor volumen sacos en sintético, con lo que espera ganar un poco mas de dinero, que beneficie aun mas, el bienestar 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

  • $6,070
    Average annual income
  • 138
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,801.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Manuel to buy synthetic bags in bulk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2012
Listed
Oct 15, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013