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Ronald
Ronald, 22 years of age, has a small business in the center of the city, where he sells travel bags such as backpacks, suitcases, satchels, etc. When he was 15, his experience in retail began: it was his mother's idea, and she gave him her unconditional support, making him live the experience of retail for himself.

So it was that when he was preparing to tackle the market itself, his father became disabled, and he began his task on his own. He now sells, taking in cash, and buys from various places in Barranquilla, as well as from a border town. In these places he finds wares at a good price, which he passes on to his own buyers.

He is currently applying for a Kiva loan, his first one with the Fundación Mario Santo Domingo, which he will use to buy bags, backpacks, suitcases, and satchels. Vacation time is getting close for many of his clients, and Ronald must be prepared with items that are well-priced, very comfortable, and modern.

His long-term goal is to have a large storage space and improve his living conditions, but his biggest challenge is the competition and the rise and fall of sales. So he takes advantage of every season, to make the most of it and increase his earnings.
View original language description ↓
Ronald de 22 años de edad, tiene un pequeño negocio en el centro de la ciudad, donde vende bolsos viajeros, como morrales, maletas, maletines etc. Cuando tenia 15 años, empezó su experiencia comercial, pues su madre lo indujo a ella, con su apoyo incondicional, haciéndolo vivenciar su propia experiencia comercial. Así fue que cuando estuvo preparado para abordar, por si mismo el mercado, pues su padre quedó discapacitado, empezó su tarea independiente. En la actualidad vende de contado y compra en diversos sitios de Barranquilla y de una población fronteriza, donde encuentra artículos a un buen precio, que traslada a sus compradores. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará bolsos, morrales, maletas y maletines, pues se acerca la hora de viajar de vacaciones, para muchos de sus clientes y Ronald debe estar preparado, con artículos a buenos precios, muy cómodos y modernos. Su meta mas adelante es tener un gran almacén y mejorar sus condiciones de vivienda, pero su mayor desafío es la competencia y los altibajos de las ventas, por eso aprovecha cada temporada, para sacarle el máximo provecho y aumentar sus ingresos.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 180
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,879.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Ronald to buy bags, backpacks, suitcases, and satchels.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2013
Listed
Oct 29, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014