A loan of $650 helped to buy raw materials and accessories to make baby clothes and other items like cradles, covers, diaper bags, walkers, etc.

Carlos's story

Carlos, 52, lives very near the most important sports venue in the city of Barranquilla, the Caribbean coast and Colombia where professional soccer games are played. This neighborhood has many formal and informal productive alternatives. He has a small store where he sells clothing for infants that he has been making in his own shop since he moved to Barranquilla ten years ago to live here. He came from his native Santander Department in 2000 to start his own business as is usual for natives of this department.

Very quickly Carlos won over a clientele made up of neighbors who now buy from him at wholesale and stores on the Atlantic coast. He’s gradually been increasing his clientele with them even though he has a lot of competition but he stays in business thanks to fair prices and quality products and service.

His customers pay him in 30 or 60 days and this is why he’s calling on Fundación Mario Santo Domingo, his second loan from this institution and first from Kiva that he plans to use to finance his portfolio buying raw materials and accessories to make clothes for infants and other items like cradles, covers, diaper bags, walkers, etc.

His investment will be successful because he knows his market very well and he’ll have additional working capital to buy in volumes higher than usual which is a competitive edge in negotiating prices. He managed to attain greater liquidity and a display case with his previous loan consequently improving his quality of life.

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Translated from Spanish by Kiva volunteer Polliz

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