A loan of $575 helped to buy bags for all occasions.

Carlos Alberto's story

Carlos, 49, is engaged in selling handcrafted bags in the city of Cartagenea where he has had his principal clients for the past two years. He travels to San Juan Nepomuceno and brings the beautiful back packs, traditionally woven by the women there, to Cartagena where he sells them to a fixed customer base. His customers buy from him on credit and many times on an installment plan.

Carlos’ business started due to a visit to a relative who is a native of San Jacinto [9 miles from San Juan Nepomuceno] where he was struck by the beauty of the handicrafts and by the business opportunities in the city of Cartagena where he lives with his family, consisting of his wife and his two children, aged 9 and 13. A relative helped him make his first contact with suppliers while he started promotions in order to build up his first clientele.

His customers have been growing and increasing his need for more working capital in order to respond to them. This is exactly why he has come to Kiva for a loan, his first funding from the Fundación Mario Santo Domingo. He will use it to buy bags for all occasions, an investment that he projects will be successful because he will use the money to fill his customers’ orders. His goal is to expand his business infrastructure and have his own shop in the future. However, his challenge is the lack of working capital to do so.

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Translated from Spanish by Kiva volunteer Diane Chaney

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