A loan of $575 helped to buy sweaters, lycra sportswear, bermudas and underwear in greater volume.


Adolfo Enrique's story

Adolfo, 56, lives with his wife in the municipality of Soledad and has 5 children, from 20 to 42 years of age. He sells clothing, a business he started due to the need to generate income to support his family and above all because he wanted to be his own boss. He has had very good results until now and his family has never lacked for anything.

He sells clothes in municipalities of Atlántico, Córdoba y Sucre departments through credit adjusted at terms that meet the needs of his customers. This is his second funding from Fundación Mario Santo Domingo. He will use the loan to buy sweaters, lycra sportswear, bermudas and underwear in greater volume, as he will earn discounts through making purchases in cash. With his former loan he was able to generate enough income to improve his home.

His future goal is to sell at a trade show and he searches every day for one. While doing this, he runs his business at a profit margin of no less than 35%, an inventory turnover every 2 days and accounts receivable that are collected every 5 days. He projects his potential for growth from these financial indicators.

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Translated from Spanish by Kiva volunteer Diane Chaney



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