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Carlos José
With Christmas and New Year's Eve coming up, Carlos plans to increase his shop's inventory in order to be ready for the upcoming busy season. His customers are largely comprised of neighbors, friends, relatives and others to whom he has been recommended. Some of these, he allows to make purchases on credit, and others by weekly payments. For this reason, a lack of working capital has been Carlos' biggest challenge in carrying out his plan to better stock his store.

Since he opened his business four years ago, his clientele has been growing steadily. He has learned through experience and through the wisdom of his mother and sister, who helped him get started in this business, which items sell more during each season. Carlos works daily from 9 a.m. to 6 p.m. or later if his customers require it. He makes and sells pajamas, footwear, women's accessories, and many other things customers are looking to buy in December to celebrate Christmas and the New Year with their families. That is why he is requesting this Kiva loan. It will be his second loan with Fundación Mario Santo Domingo. Carlos will use this loan to buy footwear, clothing, and fabric to make sheets. His work is well-known, and in December, his bedding sales increase. With his first loan, Carlos was able to increase his sales. Now, his goals revolve around having a well-positioned business where he will attract more customers and, thus, increase his sales and revenue.
View original language description ↓
Carlos está pensando en que, para la navidad y el año nuevo que se acercan, debe tener mucho inventario de los productos que produce y vende y por eso su capital de trabajo se convierte en su mayor desafío, pues elabora ropa de cama y comercializa, calzado, accesorios femeninos y de todo lo que su clientela justamente compra en Diciembre, para celebrar en familia la navidad y el año nuevo. Esta es la razón por la cual acude a un credikiva, segundo financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará, calzado, ropa, tela, para elaborar sabanas, pues también conoce este arte y en Diciembre sus ventas de artículos de cama se incrementan. Desde hace 4 años cuando inició su negocio, su clientela ha ido creciendo, porque su experiencia le indica que clase de artículos vender en cada temporada y esto lo aprendió también de su madre y de su hermana que le ayudaron a iniciar este negocio. Las ventas de Carlos, las realiza una parte a crédito y otra de contado en periodos semanales; él trabaja diariamente desde las 9 de la mañana hasta las 6 de la tarde o más, si así lo requiere su clientela. Entre sus principales clientes, están sus vecinos, amigos, familiares y referidos por estos, que gradualmente, han ido incrementando sus cuentas por cobrar. Con su primer crédito con esta organización, logró aumentar sus ventas y el volumen de sus compras, ahora sus metas, giran alrededor de tener un local propio bien posicionado , en un espacio comercial de mucha concurrencia de clientes, para cada vez mas, aumentar sus ingresos vendiendo en mayores volúmenes.

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
  • $13,837,750
    Funds lent in using Kiva
  • 1,797.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,675 helped Carlos José to buy fabric to make sheets, shoes, and all kinds of clothing.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014