Total loan: $1,050
Soledad Atlàntico, Atlantico, Colombia / Manufacturing
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Carlos Javier's loan finished fundraising,
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A loan helped Purchase of more primary materials, especially flannel strips, cotton cones, and string.
Carlos Javier's story
Carlos Javier M. is 22 years old and lives in Villa Aragón, a quiet neighborhood located in Stratum 1 [an urban area] of Soledad municipality. He is a young bachelor and an entrepreneur that four years ago began making mop heads and mops. With the purpose of purchasing more of his primary materials, especially flannel strips, cotton cones and string, he is waiting for his second loan from Fundación Mario Santo Domingo for 2,000,000 COP. He began with a small production capacity, making small amounts of mop heads out of flannel strips, cotton and string. Little by little he has increased production capacity, up to the point that today he is a providor for depots and stores in Barranquilla and the Soledad municipality. This makes him have much need for injections of working capital to respond to these markets. After his first loan, he has increased production capacity. But the business presents constant challenges. There are times that he is short of primary materials and it makes responding to his customers quickly difficult. Because his business demands new economic inputs to continue increasing production, Carlos must buy wholesale inputs to conserve his inventory during periods of shortage. Carlos wants to become a formal small business and in this way expand his business connections.
Translated from Spanish by Flavia Garcia, Kiva Volunteer