Funded

Total loan: $625
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Giovani

Colombia
Barranquilla, Colombia / Manufacturing

A loan of $625 helped to acquire raw materials for making industrial cleaning rags and to buy cloth scraps by the kilo.


Giovani's story

Giovani is 31 years old and the owner of a store that buys and sells cloth scraps and manufactures industrial cleaning rags. His sales are made on a cash basis. Giovani started in this business seven years ago when his father asked him to take over for his partner who engaged in mismanagement. The two of them took over the reins of the business. As the years passed, his father decided to become a distributor so Giovani assumed ownership of the store. His goal in the future is to buy a location where he can work and also build a second floor to his home. At the moment, his greatest challenge is not having enough capital to respond to the recent growth in demand.

For this reason, Giovani is requesting his first loan from Fundación Mario Santo Domingo. He will use the money to acquire raw materials for making industrial cleaning rags. In addition, he will buy cloth scraps by the kilo.

Translator profile picture

Translated from Spanish by Kiva volunteer Ronan Reodica



Loan details

Loan length:

13 months
Disbursed date: August 24, 2011
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)

Lenders and lending teams



Loan details

Loan length:

13 months
Disbursed date: August 24, 2011
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)