Check out some available loans that are similar to this one!
Luis Alberto
Luis, 49, lives in Soledad in the department of Atlántico with his wife and 8-year-old daughter. Using his talent and natural skills, he has been making handicrafts and clothing for 12 years. Deciding to take advantage of these skills, Luis began making cards, clipboards, napkin rings, frames, and all the things his creativity allowed and his customers' desires called for.

The business is successful, and slowly he has improved it. Today his goal is to make better quality products and export them. To meet this challenge, he is using social networks and "knocking on a lot of doors." He is applying for his first Kiva loan with Fundación Mario Santo Domingo to buy fabric, thread, paint, wood, and wood bases. He has many outstanding orders, but he lacks working capital to fill them and meet the demand that will make this Kiva investment successful.
View original language description ↓
Luis de 49 años de edad vive en el municipio de Soledad-departamento del Atlántico-, con su cónyuge y su hija de 8 años. Allí se dedica a la fabricación de artesanías y a la confección de prendas de vestir, desde hace 12 años, aprovechando el talento en torno a las manualidades con el cual nació. Con la decisión de explotar su habilidad, Luis empezó en esta actividad haciendo tarjetas, portapapeles, servilleteros, cuadros y todo lo que su creatividad y el buen gusto de la clientela le indicare; con este negocio le ha ido muy bien, pues poco a poco ha logrado perfeccionarlo, hoy su meta es lograr la mejor calidad de sus productos y conseguir un mercado de exportación, por eso utiliza las redes sociales y “toca muchas puertas” para responder a este gran desafío. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará telas, hilos, pintura, madera y base de madera, pues tiene muchos pedidos y su capital de trabajo es insuficiente, para responder esta demanda, lo cual hará de su credikiva 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
  • 236
    View loans »
    Colombia Loans Fundraising
  • $13,363,950
    Funds lent in using Kiva
  • 1,777.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $600 helped Luis Alberto to buy fabric, thread, paint, wood, and wood bases.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2013
Listed
Jan 31, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014