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Carlos
Carlos is 67 years old and lives in a community very near Barranquilla, where he has had a business since 1997. He began it after he lost his job at another company. At first he sold individual fruit but then added cheese, meat, whey, butter, and various types of tubers. He sells for cash, Monday through Friday from 6:00 am to 5:00 pm and buys his wares for cash from large suppliers. Even though his business has been growing little by little in size, the volume of goods that he can buy is not sufficient to satisfy the demand. He has the great challenge of not having the working capital he needs to make purchases in quantity, which would provide him with more competitive prices and allow him to respond to potential customers, especially during the holiday season, when the consumption of food increases.

Carlos sells what he usually sells in his market. Customers buy ingredients to make delicious soup that they boil and add three types of meat, pork, beef, and chicken; plantain, smoked yam, and vegetables. It’s eaten at parties after drinking liquor.

Carlos is asking for another loan, through Fundación Mario Santo Domingo, that he will use to increase his working capital and investments and number of customers. He is using his first Kiva loan to buy pork, beef, chicken, yucca, plantains, etc. in bulk to improve his sales for the coming season. He expects this to be a successful investment.
View original language description ↓
Carlos de 67 años de edad, vive en un municipio muy cercano a la ciudad de Barranquilla, donde tiene un negocio desde el año 1997, el cual inició al recibir su liquidación, después de haber sido empleado de una empresa. Inicialmente vendió frutas, por unidades, y fue agregando queso, carne, de cerdo, suero, mantequilla y tubérculos varios, como hoy lo hace. Sus ventas las realiza de contado de lunes a domingo, desde las 6 de la mañana hasta 5 de la tarde. Carlos compra a proveedores de grandes abastos de contado. Aunque su negocio poco a poco ha ido creciendo, el volumen de compras que puede hacer, aun no es suficiente para satisfacer la demanda, pues tiene el gran desafío de no contar con el capital de trabajo requerido para comprar en mayor cantidad, lo cual le permitiría lograr precios mas competitivos y responder a su potencial clientela, especialmente en la temporada que se acerca, la navidad y el recibimiento del año nuevo, donde el consumo de alimentos se incrementa y Carlos justamente vende lo que usualmente en su mercado, los clientes usan como insumos para hacer el delicioso sancocho trifásico, un caldo, en el que se hierven o cuecen con tres tipos de, carnes de cerdo, res y gallina yuca, plátano, ñame, ahuyama, verduras, y que es usual en las fiestas, para ser consumidas después de tomar licores que causan la resaca del siguiente día. En la actualidad Carlos está aplicando al segundo financiamiento que hace a él, la Fundación Mario Santo Domingo, con el cual logró tener más capital de trabajo, para aumentar sus inventarios y así mismo su clientela. Hoy está aplicando a su primer cedikiva, para comprar en mayor volumen, carnes de cerdo, res y gallina yuca, plátano, ñame, ahuyama, verduras y hacer su mejor venta, en la época que se aproxima, por lo cual espera convertirlo en una inversión exitosa.

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
  • 298
    View loans »
    Colombia Loans Fundraising
  • $13,969,325
    Funds lent in using Kiva
  • 1,802.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Carlos to stock his store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2012
Listed
Dec 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014