Check out some available loans that are similar to this one!
Edward
Edward decided to start his own business 17 years ago, when he completed his degree in Plastic Arts. He lives with his spouse and his two children, ages 26 and 18, in a neighborhood near the beach in the municipality where his workshop is also located.

The principal products that he offers are sculptures and furniture, along with other handmade objects that are the product of his enormous creativity. He makes them to order, according to his customers' requests. Edward sells on credit and for cash, to a clientele that he has had since he started his business; and it is for them that he works 12 hours a day, every day.

His future goal is to organize his workshop, have employees, and ensure that his children become professionals.

His biggest challenge is to increase his customer base; and in order to generate greater productivity, he is applying for a Kiva loan. This is the first financing that he is obtaining from Fundación Mario Santo Domingo; and with it he will purchase aluminum, super board, and resin. With this investment he will be able to handle his sales without requesting an advance payment from his customers; and this is exactly what will make his business improve.
View original language description ↓
Desde hace 17 años, cuando Edward estudió artes Plasticas y terminó su carrera, decidió emprender su propio negocio. El habita con su cónyuge y sus dos hijos en las edades de 26 y 18, en un barrio cerca a las playas del municipio donde tambien se encuentra su taller. Los principales productos de su oferta, son esculturas, mueblería, entre otras artesanias, producto de su inmensa creatividad, que elabora a la medida de las solicitudes de su clientela. Edward vende a crédito y de contado, a una clientela que ha captado desde que inició su negocio y para ellos trabaja durante 12 horas diarias todos los dias. Su meta mas adelante es orghanizar su taller, teniendo empleados y lograr que sus hijos lleguen a ser profesionales. Su mayor desafio es incrementar su clientela y para generar mayor productividad, está aplicando a un credikiva, primer finacimeto que hace a la Fundación mario Santo Domingo, mediante el cual comprará: aluminio, super board y resina. Con esta inversión podrá manejar sus ventas sin solicitar anticipo a su clientela y esto es justamente lo que hace que su negocio mejore.

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
  • 293
    View loans »
    Colombia Loans Fundraising
  • $13,948,100
    Funds lent in using Kiva
  • 1,887.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,075 helped Edward to purchase aluminum, super board, and resin.
47% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2014
Listed
Aug 17, 2014
Currency Exchange Loss:
Possible