Adding to basket
Carlos is 47 years old. He lives in the town of Puerto Colombia, very close to the ocean. He lives with his wife and three children, aged 11 and 15. He has a store in town where he sells groceries, meats, vegetables and beverages as well as general basic items. His main customers are his neighbors and people from the nearby neighborhoods. They pay up front and some buy in credit. For years, Carlos worked in various businesses in the city of Barranquilla. When he became unemployed, he decided to open a business with his wife and that's how he got the idea of opening a store. It is located in his mother in law's house and he has had it for 3 years. It has gone very well for him. He has a stead customer that has gradually grown. His goal is to expand it until it becomes a self serve, although his capital compared with his growing clientele is not enough, and that is why he has asked for a Kiva loan. With it, he will buy merchandise to improve his inventory and increase his sales. At present, his margin of contribution is 20% and he has an inventory turnover every 25 days. With these financial indicators he will start the development of his potential for growth.
Translated from Spanish by Kiva volunteer Ellen Donohue. View original language description.
