A loan of $600 helped to buy motorcycle parts.


Abel's story

Abel, 24, sells motorcycle parts. He started the business seven years ago, but for two years he has been located in the Arboleda neighborhood in the town of Soledad in the department of Atlántico. He and a mechanic attend to the business, which also provides motorcycle maintenance service. The main products he sells are cables, gaskets, bearings, spark plugs, brake bands, etc. The motorcycle parts shop is recognized for its personalized attention and, because of this, it has a reputable clientele that grows daily and increases its demands with regard to investment. At present, Abel has high sales because he adapts to the needs of his customers regarding price and required parts and services. Also, he enjoys a liquidity that promotes investments of working capital to impact his growth. Abel grants credit to his customers and also sells in cash. His accounts receivable turn over quickly, as does his inventory (which he manages well), and his profitability index is good. The level of competition in his market is very high, and this is precisely his big challenge. There are several shops in the area and so Abel has to have a good stock of merchandise to respond to his customers opportunely. This is precisely his big challenge, because his working capital is insufficient with regard to the demands of the market. Because of this he needs a Kiva loan, his first loan from Fundación Mario Santo Domingo, with which he will buy motorcycle parts to achieve his goal of stocking his store. Abel's dream for the future is to have his own place. In the meantime, he takes great pains working to be able to achieve this, and he manages a profit margin of no less than 14%, from which he is planning his growth.

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Translated from Spanish by Kiva volunteer Catharine Wall



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