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Luis Manuel
Luis Manuel is 20 years old. He is single. His business consists in the sale of perfumes previously ordered by his customers. He lives with his parents in the municipality of Arjona, in the province of Bolivar, very close to the capital, Cartagena de Indias. Arjona is known for the manufacture and sale of products such as spongy bread rolls made from unripe or dry corn and dairy products such as cheese and whey. These products are sold in stores in the city and also in the streets and squares of Cartagena. Whole families participate in this trade and this legacy has been passed on from generation to generation. This has given the city a less known title, that of world capital of spongy bread rolls.
Luis started his business in this environment a year and a half ago with the help of his parents. He has a loyal clientele that makes orders periodically and pays in biweekly installments. One of the purposes of the loan is to increase the working capital of the business, so it can grow and Luis can improve his profit. He wants to contribute to the household expenses and, on a personal level, become a marketing professional.
He is applying for a loan from Kiva through the field partner, Fundacion Mario Santo Domingo, to purchase perfumes previously ordered by his clients. Since he buys upon request, this investment has the potential to succeed.
View original language description ↓
Luis Manuel tiene 20 años de edad, es un joven soltero cuyo negocio consiste en la venta de perfumes por encargo, vive con sus padres en el municipio de Arjona en el departamento de Bolívar, ubicado muy cerca a la capital Cartagena de Indias. Este municipio es reconocido por una de sus actividades económicas producción y venta de subproductos como lo son el bollo, elaborado a base de maíz viche o seco, y de subproductos lácteos como lo son el queso y el suero, comercializados en tiendas de la población y en las calles y plazas de la ciudad de Cartagena. Este oficio es realizado por familias enteras y ha sido un legado que se ha mantenido de generación en generación y que le ha dado al municipio un titulo que muy pocos conocen, como es el de la capital mundial del bollo. En este ambiente de comercialización poblacional, Luis comenzó su negocio hace año y medio con la ayuda de sus padres; hoy cuenta con una clientela fija, que le hace los pedidos periódicamente, y le pagan los productos en cuotas quincenales. Uno de los objetivos de tomar los créditos es la de aumentar su capital de trabajo en su negocio, para que crezca, y pueda mejorar en sus ingresos, para aportar al pago de los gastos de la casa; y en cuanto a su vida personal, convertirse en un profesional en mercadeo. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará perfumes que le han solicitado sus clientes y el hacerlo sobre pedidos, hace que esta inversión tenga un potencial de éxito..

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
  • 469
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    Funds lent in using Kiva
  • 1,892.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Luis Manuel to purchase perfumes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
May 31, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014