Check out some available loans that are similar to this one!
Luis Alfredo
Luis, 50, lives in the beautiful capital of Colombia: Bogotá. He starts his fique [fiber made from agave leaves] crafts-making process very early. It consists in washing, dying, sifting, sewing and selling his main product: place mats in various designs. Luis makes his purchases in crafts centers where supplies are sold that make it possible for him to reach the best results with his pieces and his sales are daily and are cash. His 30 years’ experience is very well-known and this is why crafts stores prefer him. His goal is to double his current production because he has orders pending and needs to buy raw materials in larger amounts which is precisely what motivates him to seek a Kiva loan, his first financing with Fundación Mario Santo Domingo that he’ll use to buy fique, wool, thread, sisal rope, reeds, plastic bags, etc. With his Kiva loan he will put into practice his particular commercial strength because it’s a challenge “to attain great market drive,” as he, himself says.
View original language description ↓
Luis de 50 años de edad, vive en la hermosa capital de Colombia: Bogotá; él desde muy temprano empieza su proceso de fabricación de artesanías en fique, que consiste las operaciones de lavar, tinturar, desmenuzar, coser y comercializar su principal producto, “los individuales de mesa” en diferentes diseños. Luis realiza sus compras en centros artesanales, donde venden los insumos para que él logre los mejores acabados de piezas y sus ventas las realiza con una frecuencia diaria y de contado. Su experiencia de 30 años, es muy reconocida y por eso los almacenes de artesanías lo prefieren. Su meta es duplicar la producción actual pues tiene pedidos y requiere hacer compras de sus materias primas en mayor cantidad; esto es justamente lo que lo mueve a hacer un credikiva, primer financiamiento que hace la Fundación Mario Santo Domingo, mediante el cual comprará fique, lana, hilos, cabuyas, trenzas en junco, bolsas plásticas etc. Con su credikiva pondrá en práctica su particular fuerza comercial, pues es un desafío “lograr una gran agresividad en su mercado” como el mismo lo dice.

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
  • 551
    View loans »
    Colombia Loans Fundraising
  • $14,876,100
    Funds lent in using Kiva
  • 1,822.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Luis Alfredo to buy fique [cord made from agave leaves], wool, thread, reeds, plastic bags, etc.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Nov 29, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014