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Juan Manuel
Juan is twenty-three and lives in the city of Barranquilla in the department of Atlántico with his wife. They do not have children yet. His business involves making plastic bags which he sells at stores in different neighborhoods in Barranquilla, at the city's central market, and at stores in the towns of Soledad and Sabanagrande. He buys the polyethylene he uses to make the bags in cash and sells the bags on credit. He went out on his own six years ago, but learned the business thirteen years ago, when he was ten, from his father. He started out helping his father make bags and distribute them to stores and businesses that asked for them. When his father reached an advanced age, he gave the entire business to Juan. This is Juan's first Kiva loan with Fundación Mario Santo Domingo, and he'll use it to buy polyethylene for making the plastic bags. He hopes to buy at lower prices so he can offer better prices to his customers and keep them loyal to his business. He also has some future goals: to get better machines to improve infrastructure; and to buy his own house so when he has children they can live better.
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Juan tiene 23 años de edad, vive en la ciudad de Barranquilla, departamento del Atlántico, con su conyugue, con la cual todavía no tiene hijos. Su actividad de negocio consiste en la elaboración de bolsas plásticas que comercializa en las tiendas de diferentes barrios de Barranquilla, en el mercado del centro de la ciudad, tiendas del municipio de Soledad, y de Sabanagrande. Sus ventas son a crédito, compra de contado el material con el que elabora las bolsas; el material es polietileno. Desde hace seis (6) años inició el negocio personalmente, pero desde hace trece (13) años lo aprendió con su papá, es decir a la edad de diez (10) años, empezó a ayudar a su padre, en la fabricación de las bolsas y a repartirlas en las tiendas y negocios que se las solicitaban. Cuando su papá entró en una edad avanzada, le dejó a él completamente el negocio. Este es su primer credikiva con la Fundación Mario Santo Domingo, el cual lo aplicará en la compra del material polietileno para la elaboración de las bolsas plásticas. Espera comprar a bajos costos para dar mejores precios a sus clientes y mantenerlos fieles a su negocio. Tiene también como metas futuras: Adquirir otras máquinas para mejorar su infraestructura; comprar una casa propia para cuando tenga sus hijos vivan mejor.

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
  • 352
    View loans »
    Colombia Loans Fundraising
  • $14,070,600
    Funds lent in using Kiva
  • 1,891.9
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,375 helped Juan Manuel to buy polyethylene for making plastic bags.
98% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2013
Listed
Jul 29, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014