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Camilo
Camilo is 48 years old, and he lives in the southern area of his town with his wife and their daughter, aged 24. Having spent 28 years working for a hair products company, he has focused his business idea on selling creams, shampoos, rinses and so on. He has attended a few technical courses, thus succeeding in learning and perfecting their production. His mainly produces sleeking creams, neutralizers and silicone which he sells to the customers he has gained by selling his products door to door on credit and as well as for cash. He currently wants to sell bigger quantities, but his working capital is not enough to meet his customers’ requests; for this reason he has come to Fundación Mario Santo Domingo to ask for his first loan. He will use it to buy supplies and ingredients such as glycerin, coloring, bottles and lids to increase his production and sell more products. This will increase the volume of sold products, so that his production costs will diminish, and this is the reason why his loan will be profitable.
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Camilo de 48 años de edad, habita al sur de la ciudad con su cónyuge y su hija de 24 años. Con una experiencia de 28 años de trabajar en una industria de productos capilares, enfocó su idea de negocio hacia la comercialización de cremas, champo, enjuagues etc. y haciendo cursos técnicos logró aprender y perfeccionar la preparación de los mismos. Sus principales productos son la cremas para alisar, neutralizantes, siliconas, los cuales distribuye entre su clientela que ha logrado vendiéndole sus productos puerta a puerta y en la modalidad de crédito y de contado. En la actualidad requiere vender en mayor volumen y su capital de trabajo no es suficiente para responder a la demanda y por eso se ha acercado a la Fundación Mario Santo Domingo, para acceder a su primer crédito, mediante el cual comprará materias primas e insumos como glicerinas, colorantes, botellas y tapas para aumentar su producción y vender mucho mas. Con ello sus compras se aumentarán, por el volumen obtenido y sus costos de producción se disminuirán y esta es justamente la razón por la cual su credikiva será exitoso.

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.

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About Colombia

  • $11,100
    Average annual income
  • 475
    View loans »
    Colombia Loans Fundraising
  • $15,265,400
    Funds lent in using Kiva
  • 1,906.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Camilo to buy glycerin, coloring, bottles and lids.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jun 17, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014