A loan of $900 helped to buy sandals and a variety of shoes wholesale and with cash.

Julio's story

Julio, 21, has worked for the last 6 years with a large risk capacity. He moved to Barranquilla from Valledupar, Cesar department and lives with his aunt and decided to set up his own business with her help. His store is near a commercial complex called “Metrocentro” where he sells sandals and different types of shoes. His customers are the pedestrians who are around day and night and he has done well by positioning himself in a commercial area with a lot of traffic which helps sales. Julio buys and sells retail with cash , although he has a few customers who buy on credit but they are the ones who sell his products retail in other markets. Although he has a lot of competition near his business, he has also found many opportunities in the market because the merchants know each other and there is a lot of cooperation.

Julio is a young man with great dreams, like having his own house, and that is why every day he persists in his work, although his challenge is his small amount of working capital. This is the reason he is requesting a Kiva loan with his first financing though the Mario Santo Domingo Foundation. He will use it to buy a large quantity of shoes so that he can receive discounts while paying with cash, and he is saving up for the second half of the year when there are many holidays, vacations and especially Father’s Day. It is coming soon, and he has customers who have ordered sandals to give to their fathers. Besides this is a season of many sales. While Julio works hard to fulfill his dream of personal and business growth, he continues making an effort to raise the profit from his sales that are now no less than 32%.

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Translated from Spanish by Kiva volunteer Miriam Palacio

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