A loan of $350 helped to buy vehicle parts which have the biggest turnover in his shop.

Francisco Javier's story

Francisco, age 55, performs maintenance and repairs vehicles. He also sells parts in a workshop to the southwest of the city of Barranquilla, where he lives with his wife. He undertook this business venture when he was once left without employment. With his knowledge of mechanics he started a shop where his frineds were his first customers.

Gradually, with recommendations from his friends, he got new buyers for his products. With his good service, he was getting more customers. As his income was increasing, he added the sale of vehicle parts and replacement parts that his customers really needed.

His Kiva loan is his first loan with the Fundación Mario Santo Domingo. He will buy parts for vehicles, which are the items that turn around the most in his shop. This way he plans on increasing his sales volume.

His dream is to separate his shop from his family space. He also dreams of having diverse products to sell because his customers cannot always find what they need. This is a big challenge because he does not have enough working capital to fill their needs in a timely fashion.

That is the exact reason the he turned to a Kiva loan. He plans to gradually increase his business in order to be able to, little by little, fulfill his dreams. While this is happening, he manages a sales profitability of no less than 18%. Accounts receivable turn over every six days, and his inventory turns over every twelve days. With his wife by his side he continues building his future.

Translated from Spanish by Kiva volunteer Ginny Kalish

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