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Andres
Andres at 30 years old is an expert at embroidery on his machine. His colleagues form part of his clientele as he does their logos. His need to be expedient is a priority and he needs to have another machine but he doesn't have the money to buy it. That is the reason he has requested a loan from Kiva, the first loan he has made through Fundación Mario Santo Domingo. He will use it to buy a embroidery machine to meet his market demand.

Three years ago he started his own adventure of generating money on his own. He observed how his mother, an experienced sewer paid other companies to embroider and many times they failed to come through with their service. She stressed as she couldn't deliver her product on time having a negative effect on her business. So that is how his sister seeing this weakness in her mother's business decided to buy an embroiderer and Andres was the one who was taught how to use it.

Since then he has offered his services from his house and School Directors, student’s families and owners of sports teams have come requesting his services. Sometimes he sells in cash and sometimes on credit, which he collects every week. He works from 8 in the morning until 1 in the afternoon. He buys his supplies from warehouses specializing in the sewing industry. His goal is to buy more embroiderers and manage the business generating employment for people he hires. His challenge is that he does not have the money to quickly carry out his dream of prosperity.
View original language description ↓
Andres, de 30 años, es un experto en bordar con su máquina, los colegios forman parte de su clientela pues borda sus logotipos. Su necesidad de ser oportuno es prioritaria y requiere tener otra maquinaria, pero su desafío es lograr tener dinero para comprarla. Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará una bordadora, para dar respuesta a su mercado efectivamente. Desde hace 3 años emprendió su propia aventura de generación de ingresos autónomo, observando como su madre una experimentada confeccionista, pagaba por el servicio de bordado en otras empresas que muchas veces incumplían con este servicio y ella se estresaba porque no cumplía a tiempo a su clientela causándole un efecto negativo a su negocio. Fue así como su hermana al ver esta debilidad del negocio de su madre, decidió comprarle una bordadora y Andrés fue el que recibió la inducción de uso; desde entonces, él es quien presta el servicio en su casa y los directores de colegios, familiares de estudiantes y dueños de equipos deportivos, llegan a esta a solicitar el servicio. Sus ventas las realiza unas veces de contado y otras a crédito que recupera semanalmente y para ello dispone de un horario de 8 de la mañana a 1 de la tarde, mientras compra en almacenes especializados en la industria de la confección, que venden los insumos que Andrés requiere. Su meta es comprar más bordadoras y administrar el negocio generando oportunidades a personas para que se empleen. Pero su mayor desafío es que no cuenta con los recursos económicos suficientes para dar cumplimiento rápidamente a su sueño de prosperidad.

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
  • 304
    View loans »
    Colombia Loans Fundraising
  • $13,796,725
    Funds lent in using Kiva
  • 1,926.0
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,150 helped Andres to buy an embroiderer.
69% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2014
Listed
Apr 22, 2014
Currency Exchange Loss:
Possible