A loan of $1,150 helped to buy denim for making trousers.

Uriel Enrique's story

Uriel is 53 years old and lives in the neighborhood of July 20th Citadel, an area that combines formal and informal productive spaces, shopping centers, office buildings, residential complexes, private homes, and supermarkets. However, it is primarily known throughout all of Colombia because it is near one of the most important spectacles in the city and in Colombia, the Metropolitan Stadium of Barranquilla. This is the site of many professional soccer matches and home of the “Junior de Barranquilla” team. Today it hosts the World Cup for the under-20 category.

Uriel started his business in 2001 by selling clothing. Afterwards, he gained management experience by working at a fabric store and a clothing factory. In search of better income, Uriel decided to become independent and start his own business venture. He continued to work in the clothing wholesale and retail industry for 10 hours each day. His customer base consists of stores in Barranquilla, Montería, and Cererté. He offers them a credit period of no longer than 30 days. His goal in the future is to open a clothing factory, but his difficulty with obtaining operating capital is a great challenge because there are many times when he is not able to respond to his growing clientele.

For this reason, Uriel has applied for a Kiva loan, his first form of financing through Fundación Mario Santo Domingo. He will use the funds to buy denim for making and selling trousers. His current ratio is 2:1, and the profitability from his sales is 14%.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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