A loan of $550 helped purchase PVC products & electrical supplies in bulk.

John Carlos's story

John Carlos G., ages 26, is a young man who lives in the neighborhood of Trupillos in the city of Barranquilla. There he sells hardware products such as PVC, electrical cables, nails, screws, sandpaper, and welding supplies at wholesale. He purchases these products from a distributor in Bogota, the capital of Colombia, and sells them to different hardware stores in the city of Barranquilla. John Carlos started this business after he gained four years of experience working for a company that sold hardware. He decided to become independent so that he could start his own business. His dream is to have a large centralized warehouse from which he could distribute his merchandise, but he needs plenty of operating capital to do this. The lack of capital is his greatest challenge.

With his first loan from Fundación Mario Santo Domingo, John Carlos will buy PVC products since this is the main item he sells, as well as electrical supplies, so that he can fulfill his orders. These products also have high turnover. With his Kiva loan, he will also take advantage of bids being generated this month at commercial auctions where products that have low turnover are being offered at good prices. John Carlos manages his business mainly through cash sales and credit payments he collects on a weekly basis. Lately most of the cash stays in his wallet while he tries to recover payments each month. He continues to pursue his dream of having a growing business and reaching his personal potential so that his family can be successful in the future.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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