A loan of $1,125 helped to restock his business with chairs, rocking chairs, bedroom sets, and other items so that he can respond to his new customers.


Elias's story

Elías is 36 years old and has a 12-year-old son. He sells “Momposino” pieces, a type of handcrafted furniture that is produced in Santa Cruz de Mompox, a town that is located in the Department of Bolívar. The quality of the furniture that is produced here is well-known because of the artisanal techniques that are used. Elías is the owner of a family business that was started by his grandfather. His father continued the business and now it has been handed over to him. He conducts both cash and credit sales. Elías is always aware of business opportunities, so he participates in trade fairs in order to create awareness of his products, attract more customers, and position himself in the marketplace.

This Kiva loan is his first form of financing through Fundación Mario Santo Domingo. Elías will use the money to buy merchandise to restock his business such as chairs, rocking chairs, bedroom sets, and other items so that he can respond to his new customers. His challenge is not having enough operating capital on the several occasions when his customer base is growing so that he can fulfill orders in a timely manner. His goal is to become the main producer of “Momposino” furniture in the city of Barranquilla. This will put him in the position to become an exporter in the future whenever he is ready.

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Translated from Spanish by Kiva volunteer Ronan Reodica



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