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Jorge Luis
Jorge Luis is 37 years old and lives in the municipality of San Jacinto in the department of Bolivar, characterized by the hotbed of musical groups that preserve the musical traditions of bagpipes and drums inherited from indigenous groups, Africans and the Spanish. Jorge Luis is married and has three children, ages 11, 8 and 7 months. He is the owner of a micro-business that sells soft drinks, milk, cheese and minutes for cellular phones. His business began because the area that he lives in does not have a store that offers soft drinks and food stores are far away. Jorge and his wife run the store from a room in their house, which they have built themselves. Jorge and his wife are hardworking and are well known throughout their community. They both have a healthy credit history due to prior credits they have received from various lending entities that they have repaid punctually, as when they financed the purchase of their motor bike. The motor bike serves as a mode of transportation and generates income, considering it is the most common form of transportation in the region to commute from one place to another. Jorge has received financing from Fundación Mario Santo Domingo that he used to buy part of his assets like the refrigerator for his soft drink sale business and to begin his communications business.

Jorge has applied for a credit of $1,600,000 COP that he wants to invest in the purchase of food and packaging. He believes that his small business has allowed him to increase his family's income in order to improve their well being and complete the construction of their house. Jorge is very grateful for the help that is authorized via Fundación Mario Santo Domingo because he began with nothing, but with the support that he received he continues growing little by little. What's more, Jorge wants to increase his business, considering that there aren't stores nearby, he wants to convert to a self-service grocery store that can offer a variety for his customers and potentials to find easily what they need and desire. His principle project is to increase his income from his business and work, because he wants to save to send his children to college, helping them to broaden their outlook and well being in the future.
View original language description ↓
Jorge Luis García Martínez tiene 37 años y vive en el municipio de San Jacinto en el departamento de Bolívar, caracterizado por ser semillero de agrupaciones musicales que conservan la música tradicional de gaitas y tambores heredada del indígena, africano y español; Jorge Luis está casado y tiene tres hijos en las edades de 11, 8 y 7 meses, es propietario de una microempresa donde vende refrescos, leche, queso y presta el servicio de comunicación por minutos a través de celulares. Su negocio nació porque el sector en que vive no tenia oferta de refrescos y las tiendas de víveres están distantes; en él trabajan Jorge y su esposa desde una habitación de su vivienda, la cual ha construido con sus propios esfuerzos; Jorge y su esposa son una pareja trabajadora y muy conocida por la comunidad sanjacintera; los dos tienen una historia crediticia saludable pues han recibido créditos con diversas entidades que han cancelado puntualmente, como cuando financió la compra en su moto, para ofrecerla como medio de transporte y generar otro ingreso, aprovechando que es la forma más utilizada en el municipio para trasladarse de un lugar a otro; asimismo Jorge ha recibido financiamiento por parte de la Fundación Mario Santo Domingo con el que ha logrado comprar parte de sus activos fijos como la nevera cuando inició su negocio de venta de gaseosas y los planes para iniciar su negocio de comunicaciones.

Actualmente aplica a un crédito de $1.600.000 que quiere invertir en la compra de víveres y acondicionamiento de su local; el considera que su pequeño negocio le ha permitido aumentar sus ingresos familiares con el fin de mejorar su bienestar y de terminar la construcción de su casa. Jorge se muestra muy agradecido con la ayuda otorgada por la Fundación porque empezó de cero, pero con el apoyo que recibe va creciendo poco a poco. Más adelante, Jorge quiere ampliar su negocio, aprovechando que no hay tiendas cercanas y por eso quiere convertirlo en un autoservicio de víveres con oferta variada para que sus clientes reales y potenciales encuentren fácilmente lo que necesiten y deseen. Su proyecto principal es aumentar sus ingresos provenientes de su negocio mediante el trabajo, pues quiere ahorrar para llevar a sus hijos a la universidad ayudándolos a ampliar el panorama de opciones de bienestar futuro

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.

About Colombia

  • $6,070
    Average annual income
  • 166
    View loans »
    Colombia Loans Fundraising
  • $12,834,025
    Funds lent in using Kiva
  • 1,972.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Jorge Luis to buy food and packaging.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2010
Listed
Feb 4, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2011