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Numa
Numa is 40 years old and lives in the south of the city. He has been manufacturing ladies' handbags for 20 years. He learned his trade while working in a handbag factory and gradually began adapting his technical equipment; first of all, he bought a table top sewing machine and then a trimmer, and gradually started to build up his clientele. This led him to go it alone in his own business venture. He currently forms part of an outsourcing chain which supplies different stores, who, in turn, supply basic materials, such as leather and handicrafts purchased from the Wayuu tribe, in Guajira department, in the North of Colombia. At the same time, he also works freelance, designing, cutting, sewing and finishing items. He sells his goods on credit, while he pays in cash in the specialized stores where he goes to buy leather and other supplies necessary for the production of his goods.

His aim is to expand his business and add to it by employing more technology in his processes. But his greatest challenge is to build up sufficient working capital to carry out his expansion plans. He is currently applying for a Kiva loan, his first funding, from the Fundación Mario Santo Domingo, to enable him to buy a butt-seaming machine and materials such as thread and buckles. This, he hopes, will allow him to improve the quality of his products and increase their sales potential in other local markets. Such is Numa's hard work and determination, that he will certainly achieve his goals.
View original language description ↓
Numa de 40 años de edad vive al sur de la ciudad y se dedica a la elaboración de bolsos para damas, desde hace 20 años, cuando trabajando en una fábrica de bolsos donde aprendió y poco a poco empezó a adecuar su infraestructura técnica; primero compró una maquina plana, posteriormente una devastadora y fue consiguiendo paso a paso su clientela, la que al final lo llevó a independizarse en su propia aventura de negocios. En la actualidad está en la cadena de tercerización maquilando, al diversos almacenes, que le proporcionan el material básico, como cuero, artesanías compradas a los indígenas wayuu, en el departamento de la Guajira, al norte de Colombia. Así mismo el también trabaja por su propia cuenta, en las tareas de diseño, corte, confección y acabado piezas. Sus ventas las realiza a crédito, mientras que sus compras las hace de contado en almacenes especializados de cuero e insumos para desarrollar los artículos que produce. Su meta es ampliar su negocio y agregarle, adicionado más tecnología a sus procesos. Pero su mayor desafío, es lograr tener un capital de trabajo suficiente, para cumplir sus propósitos de crecimiento. En la actualidad está aplicando a un credikiva, primer financiamiento, que hace a la Fundación Mario Santo Domingo, mediante el cual comprará una máquina de codos, insumos como hilos, hebillas, herrajes, con lo cual aspira a mejorar la calidad de sus productos y aumentar sus posibilidades de ventas, en otros mercados locales, lo que muy seguramente Numa logrará, pues es muy trabajador y persistente en alcanzar sus 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

  • $6,070
    Average annual income
  • 165
    View loans »
    Colombia Loans Fundraising
  • $13,225,875
    Funds lent in using Kiva
  • 1,826.4
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,100 helped Numa to purchase a joint machine and thread, buckles, and fittings.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2012
Listed
Nov 9, 2012
Currency Exchange Loss:
Possible
Expired:
Dec 9, 2012