A loan of $575 helped buy costume jewelry, t-shirts, shoes, and carnival handicrafts.

Alvaro's story

Alvaro is an enterpriser who is dedicated to selling handmade products decorated with weaving thread, steel, stone, gourds, coconut, seeds, etc. His business is located in the outskirts of a mall at the south of the city, a site that is busy with people at all hours of the day and part of the night. His main clientele are young people that pass through the area and regular customers that he has managed to obtain with his personal warmth. This is why, even though the competition is great, he maintains his good prices. Kindness in service and also because of his location in this area of the city, where the market is very large and he improves his sales, because he reaches for them all. Álvaro works 12 hours every day of the week along with his spouse selling and buying items for cash in downtown Barranquilla, to different suppliers from the malls. Since he is affiliated with an association of sellers from the south, he will soon be moving into the new gallery established by the local government. It will be located in a place that is very close to the Metropolitan stadium, birthplace of the Colombian soccer player and this makes all of the traveling merchants very happy.

Alvaro enjoys very good references, because he cares a lot for his relationships and the good performance in his environment. His financial state shows a stable situation with a well-assorted inventory of handicraft items which he has bought through costly loans from informal people. He wants to gradually replace it, in order to increase his working capital. He hopes to maintain a foundation of cash to buy handicraft products at wholesale and with cash, with the objective of increasing his inventory and the assortment, and make the most of the pre-carnival and carnival season, in order to significantly increase his sales. This is precisely the reason for which he has requested the Kiva loan, with which he will buy costume jewelry, t-shirts, footwear, and carnival handicrafts to respond appropriately to his current demand.

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Translated from Spanish by Kiva volunteer Danielle Dupre

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