A loan of $550 helped to purchase more used clothing and shoes.

David Enrique's story

Mr David Enrique León V. is 48 and lives with his wife and three children in Barranquilla. He sells used clothing and shoes in a stall in the center of Barranquilla. He has been doing this work for 16 years. He started off helping his parents with this work. When his father passed away, he became his mother's main source of support. When she passed away, he became the owner of the business. David purchases merchandise from various providers in Barranquilla neighbourhoods who trade used clothing and shoes for cooking utensils such as pots, pans, bowls and glasses. His main customers are people with few resources from the city and peasants from rural areas. He always takes care to buy clothing that is in good condition, without tears, patches or stains. Sometimes he washes and irons them so that they are like new. Around his business there are other people who do the same work, but each one has their own providers and customer base. This is David's third loan with the Fundación Mario Santo Domingo and he plans to invest it in purchasing more used clothing and shoes. His daily sales average $100,000 and his margin of utility is 35%. The December season is the best of the year and he needs to increase his working capital. His wife also daily produces various lunches that she sells to merchants in the sector. David's greatest satisfaction is having been able to raise his three children without hardship, and having achieved the fact that next year his youngest daughter will graduate from nursing school. He says, with a great sense of humour, that selling used clothing and shoes allows his family to buy new clothes and shoes.

Translator profile picture

Translated from Spanish by Kiva volunteer Christine Cooper

Loan details

Lenders and lending teams

Loan details