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Nelson
Nelson is 31 years old. His business is in the center of the city of Barranquilla in the commercial zone, which is home to a large number of businesses of different sizes and product lines. He sells female accessories and cosmetics, with which he plans his future.

When Nelson started his business, he had already paved the way to success. He first started working as the head waiter and began saving to be independent, and develop his free, entrepreneurial spirit. Even at that time he didn't know to what he would devote himself, but with the trade relations he observed, he was directed to the costume jewelry merchants. So he bought a commercial point to start while he continued working so he could start his business while continuing at the restaurant. Therefore, he would be supported while creating his business and creating his own jobs, such as sales assistant.

He is very happy with his activities, because thanks to them, he has managed to travel to other countries, such as Panama and Peru. Nelson is considered very enterprising and successful with the potential to grow.

In his business, the doors are open Monday to Sunday from 8:00 in the morning until 6:30 in the afternoon. He wants to grow his business, so he approached the Mario Santo Domingo Foundation to apply for a loan financed by Kiva.

With this loan, he will buy a large volume of jewelry such as necklaces, clips, earrings, and bracelets. With them he will renew his inventory and get more since he is purchasing with cash and in a large quantity. The prices will transfer to his customers, so they will feel happy and return to buy more from him.
View original language description ↓
Nelson de 31 años de edad tiene su negocio en el centro de la ciudad de Barranquilla, zona comercial que alberga gran cantidad de negocios de diversos tamaños y líneas de productos, siendo el de él la venta de accesorios femeninos y cosméticos, con el que planea su futuro. Cuando Nelson inició su negocio, ya había abonado el terreno para lograrlo; primero empezó a trabajar como jefe de meseros y se dispuso ahorrar para ser independiente, desarrollar su espíritu libre, emprendedor y su propia autonomía. Aun en ese tiempo no sabía a qué se dedicaría, pero las relaciones comerciales que observaba, fueron direccionando sus posibilidades, especialmente conociendo a los comerciantes de artículos de bisutería. Así fue que compro una colmena o punto comercial donde iniciar y como siguió trabajando como empleado, pudo obtener otra unidad de negocios y continuar en el restaurante, donde aún es apoyado por sus jefes, para que progrese teniendo sus negocios también y generando empleos, porque para ellos cuenta con una auxiliar de ventas. Él se siente muy feliz con sus actividades, pues gracias a ellas, ha logrado viajar a otros países como Panamá y Perú; Nelson se considera muy emprendedor y con un potencial exitoso para salir adelante. En su negocio abre sus puertas de Lunes a Domingos desde las 8 de la mañana hasta las 6:30 de la tarde, vende de contado y tiene como propósito hacer crecer su negocio, por eso se acerca a la Fundación Mario Santo Domingo, para aplicar a un crédito, primer financiamiento que hace mediante el fondo Kiva, con el cual comprará a un mayor volumen, productos de bisutería, como collares, ganchos, aretes y pulseras; con ellos renovará sus inventarios y obtendrá por compras de contado y en mayor cantidad, precios que trasladará a su clientela, para que se sientan felices con su respuesta oportuna y regresen a comprarle.

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
  • 483
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,797.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Nelson to buy a large volume of jewelry, such as necklaces, clips, earrings and bracelets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
Possible
Ended:
May 7, 2014