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Luis Yair
Luis, 28 years old, lives with his spouse and works by selling belts and buckles wholesale and individually, a job he has done since he was a child. This has been his greatest ability and is something for which he has an aptitude. Previously, Luis was further out of town from an important shopping center in the southern area of the cry. However, he relocated and now he is in an area intended for street vendors to set up.

He works from 9am to 9pm Monday through Sunday without breaks. The competition is high in this area, but they respect and support each other. He works in the service sector, which attracts customers. The Fundación Mario Santo Domingo gave him a loan before, which helped him in the 2012 season to buy belts, buckles, and women's and men's accessories. This slowly increased his merchandise stock, his working capital, sales liquidity, and the subtleties of the business.

His biggest dream is to have his own home and increase his small business. With the last loan, he improved his liquid working capital and family income. He is grateful to the Fundación and wants to keep receiving financial aid so he can keep progressing in his business and family life. This is his first Kiva loan, which he will invest in the same products as with the first loan: belts, glasses, wallets, and glasses cases among other items. This will increase his sales and the usefulness of his business. With the loan, he will have a good supply because it is in a good location and he will offer fair prices, which is the success of his Kiva loan.
View original language description ↓
Luis de 28 años de edad vive con su cónyuge y se dedica al comercio de correas y hebillas al por mayor y al detal, actividad que desde niño ha sido su mayor habilidad y en la que tiene una impresionante aptitud. Anteriormente Luis se encontraba en la parte de afuera, de un centro comercial importante del sur de la ciudad, pero fue reubicado por el estado local y ahora se encuentra en un sitio que destinaron para congregar a los vendedores ambulantes. Su trabajo lo desarrolla desde las 9:00 a.m. a las 9:00 p.m. de lunes a domingo sin descansar; la competencia de este sector es alta, pero se respetan y se apoyan y él trabaja con una vocación de servicio, que atrae a sus clientes. Anteriormente la Fundación Mario Santo Domingo le aplicó un crédito, con lo cual aprovechó la temporada del 2012 para comprar correas, hebillas, accesorios femeninos y masculinos, teniendo éxito en su inversión, aumentando el surtido de mercancias, ligeramente su capital de trabajo y la liquidéz las ventas y la sutilidades de la empresa. Su sueño más importante es lograr tener su vivienda propia y ampliar su microempresa. Con su credito anterior mejoró su liquidéz su capital de trabajo y los ingresos familiares. El da muchos agradecimientos a la Fundación y desea seguir recibiendo ese apoyo financiero, para continuar progresando en su negocio y en su vida familiar. Este es su primer credikiva, el cual lo invertirá en los mismos productos que el anterior crédito: correas, gafas, carteras y estuches para gafas entre otros articulos para seguir incrmentando las ventas y utilidades del negocio, con ello tendrá un buen surtido porque está bien ubicado y ofrecerá precios justos y este es el éxito de su credikiva.

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,925.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Luis Yair to buy belts, glasses, buckles, and glasses cases.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2013
Listed
Jun 28, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014