Funded

Total loan: $600
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Humberto


A loan of $600 helped to purchase supplies in greater volume, buying yarn for hammocks, a packet of fine yarn for bags and backpacks, and also skeins of agave fiber.


Humberto's story

Humberto, aged 41, lives in the town of San Jacinto, in the department of Bolívar. This is a land of hammocks and craftsmen who do vertical weaving. Humberto's family is made up of his wife and four children, who are aged between 12 and 17 years. His mother makes cultural handicrafts, and is part of a very well organized group in this town, which is what inspired Humberto to sell artisinal products.

He and his wife both work in his business, which is a handicrafts business authorized by the "Servicio Nacional de Aprendizaje" ["National Apprenticeship Service"], or "SeNA" for short, organization. SeNA is a state organization for educational development for technical and technological careers. For this reason, they do not just sell handicrafts from their own culture, but also those from other regions of the country.

He is currently applying for this Kiva loan because he is preparing a good inventory of hammocks, bags, and backpacks. The loan will allow him to purchase supplies in greater volume, buying yarn for hammocks, a packet of fine yarn for bags and backpacks, and also skeins of agave fiber. With this he will be able to make ten hammocks and fifty bags, and use the rest for the backpacks.

The success of this investment lies in the fact that he will not need to purchase products as other suppliers do, which normally happens due to growing sales, but he will have a supply of stock to offer for sale. His experience resides in knowing how to sell and have in stock what his customers need.

Translated from Spanish by Kiva volunteer Arabella Pollack



Loan details

Loan length:

15 months
Disbursed date: February 28, 2012
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)

Lenders and lending teams



Loan details

Loan length:

15 months
Disbursed date: February 28, 2012
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)