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Miguel David
Miguel, 42 years old, 3 years ago, understanding that his wife by family tradition would like to have a business, decided to sell various merchandise, since when he met her, he was unemployed and she, with her dynamism, pushed him to do it. Today, he sells clothing, footwear, shoulder bags, and ponchos brought from Guajira, that he offers directly to his customers, selling in cash and on credit weekly and biweekly, working from 9 in the morning until 12:00 mid-day and from 3:00 in the afternoon until 7:00 at night. His primary customers are the people located in his area, and friends that others of his customers have referred. His future goal is to have a shop and, finally, to buy a house for his wife and himself, although the great challenge is to have sufficient income to realize his dreams. At the moment, he is applying for a Kiva loan he first loan that he has gotten from the Mario Santo Domingo foundation, by which he will purchase indigenous-style bags, ponchos and sandals, coming from the indigenous people on the Guajrira and that his customers ask for frequently, with which he will increase his sales, improving his business.
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Miguel de 42 años, desde hace 3 entendiendo que su esposa por tradición familiar le gustaba tener negocio, decidió vender mercancía variada, pues cuando la conoció se encontraba desempleado y ella con su dinamismo lo impulsó. Hoy en su haber tiene para la venta ropa, calzado, mochilas, mantas traídas desde la Guajira que ofrece en forma directa a su clientela vendiendo de contado y a crédito semanalmente y quincenalmente trabajando desde las 9 de la mañana hasta las 12 del medio día y desde las 3 de la tarde hasta las 7 de la noche. Sus principales clientes son las personas ubicadas en su vecindad y amigos que le referencian otros nuevos clientes. Su meta mas adelante es tener un almacén y finalmente comprar una casa para su esposa y para él, aunque su mayor desafio es generar ingresos suficientes, para cumplir con sus sueños. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará mochilas correa, mantas y sandalias, provenientes de los aborígenes de la península de la Guajira y que son muy solicitados por sus clientes, con lo cual aumentarán sus ventas mejorando su negocio.

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

  • $11,100
    Average annual income
  • 475
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,886.1
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $675 helped Miguel David to purchase woven, indigenous-style shoulder bags, and belts.
86% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2014
Listed
Aug 13, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015