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Franklin
Franklin, 54, has a cobbler workshop where he makes and repairs women's shoes. He is married and has two children who are 14 and 25.

Starting in 2010, through his entrepreneurial initiative, he has generated an income that has benefited his household.

Franklin used to work at a PVC tube manufacturing company. Later he worked at a shoe factory where he learnt the process and techniques that he now uses. This ultimately allowed him to work independently in making women's sandals and women's shoes in general.

His sales are in cash and credit. He works 12 hours a day starting at 7am.

His goal is to expand his workshop and to hire several cobblers so he can produce at a high volume and create jobs.

Currently he is applying for a credikiva loan to buy raw materials such as leather, soles, adhesives, etc. as well as a sewing machine to make his production more efficient.

Franklin will take advantage of the end of the year to increase his profits. He will invest his credikiva loan during a time when his sales are increasing because he has orders coming in faster than before and he has working capital. And with this, his buying power also increases.
View original language description ↓
Franklin de 54 años de edad tiene un taller de zapatería donde produce y mantiene zapatos femeninos , en sus condiciones de hombre casado y padre de familia de 2 hijos en las edades de 14 y 25, ha logrado genera ingresos que beneficien su hogar a través su propia iniciativa empresarial que empezó a funcionar desde el año 2010, Franklin trabajaba en una empresa que elaboraba tubos PVC y posteriormente en un taller de fabricación de calzado donde aprendió el proceso y con él las técnicas de trabajo, para finalmente enfocarse de manera independiente en la fabricación de sandalias femeninas y calzado de mujer a nivel general. Sus ventas las realiza de contado y a crédito y su ritmo de trabajo es de 12 horas diarias, desde las 7 de la mañana. Su meta es la de ampliar su taller y lograr la contratación de varios zapateros, para producir en mayor volumen y genera fuentes de trabajo. En la actualidad está aplicando a un credikiva con el cual comprará materias primas como cuero, suelas, pegantes etc. y también una máquina de coser con el cual será más efectiva su producción. Franklin aprovechará el fin de año para aumentar sus utilidades invirtiendo su credikiva en una época en la que sus ventas se incrementan porque su cartera rota mas rápido y su capital de trabajo y con el su capacidad de compra se aumenta también.

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
  • 498
    View loans »
    Colombia Loans Fundraising
  • $14,967,400
    Funds lent in using Kiva
  • 1,774.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Franklin to buy raw materials such as leather, soles, adhesives, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014