Funded

Total loan: $475
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Edenelson


A loan of $475 helped to buy sheets, towels, sweaters, and merchandise in general.


Edenelson's story

Edenelson lives with his partner and their two children (ages 1 and 2 years old) in the municipality of Soledad. Ever since he left his native village in Bolívar province, Edenelson has been looking for opportunities to improve his well-being. He found selling sweaters to be one option for earning money initially. This is how he started - with a little capital and a lot of effort. Later, he was able to buy a motorcycle in order to make home deliveries. Now, he uses the motorcycle both to distribute his merchandise and to provide a transport service.

In the course of his business life, he came upon many informal lenders and paid expensive interest rates, so that several times he lost money and had to start again because he was very close to losing his motorcycle. Now, this is a thing of the past and he has succeeded in building up a small working capital, which he takes care to protect every day. However, it is a challenge that many times he cannot respond to his customers opportunely because when he sells on credit, he does not recuperate his money quickly enough to do so.

He will use this credikiva (the first loan he has received through Fundación Mario Santo Domingo) to buy sheets, towels, sweaters, and other merchandise for his most faithful customers. He plans to use this loan to initiate the growth of his working capital so that he can earn more income and, in the not-too-distant future, save enough to buy a house. Currently, he lives in a family house and he dreams of living independently with his family to increase their well-being and autonomy.

Edelnelson is very satisfied with his two businesses because recently, he has increased his profits to 33%, which has made him very enthusiastic about continuing to work hard to achieve his dreams.

Translator profile picture

Translated from Spanish by Kiva volunteer Katie Kavanagh



Loan details

Loan length:

14 months
Disbursed date: July 7, 2011
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: July 7, 2011
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)