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Marcelino José
Marcelino S. P. is 55 years old. He lives in the Ciudad Modesto neighborhood in the southwestern part of Barranquilla. He lives with his wife and their children who are between 21 and 30 years old. Originally from the state of Sucre, he moved to Bosconia in the state of Cesar, but with few possibilities for work, he then moved to Barranquilla and opened a business initially selling toys, which he used to support himself, but he made good money during December. So 10 years ago he decided to locate himself in various area of the city center, and sell basic goods such as oil, flour, sugar, rice and other items from a small cart. Some items he purchases in bulk and repackages them to sell in portions of one pound or ounces. He works in a very busy commercial zone in the center of Barranquilla.

He is requesting a loan for $1.300.000 to purchase soap, sugar, rice, oil, and non-prescription medicines, which families usually have in their medicine cabinets. Marcelino has been living off this business for 16 years. When the Mario Santo Domingo Foundation arrived 10 years ago, he joined a group of 4 people. He has taken out more than 10 loans as an individual, which have helped him to increase his earnings and to be able to move from selling from an old cart in the streets to a large wooden box with a metal door that locks and that he can park. Since he has joined the Foundation, he has improved his home and been able to support his family. His dream is to grow his business by adding merchandise, paying for it with cash. This is precisely his great challenge, to pay off the obligations he has to suppliers who have provided him credit at a high price.
View original language description ↓
Marcelino S. P., tiene 55 años de edad y vive en el barrio Ciudad Modesto al sur occidente de Barranquilla, con su cónyuge y sus hijos que tienen entre los 21 y 30 años de edad. Proveniente del departamento de Sucre, llegó a vivir en Bosconia en el Departamento del Cesar y con pocas posibilidades de emplearse en ese lugar, llegó a Barranquilla y montó un negocio inicial de venta de juguetes, que lo sostenía, pero solo le generaba prosperidad en épocas de Diciembre; fue así como decidió desde hace 10 años ubicarse en diversos sectores del centro, para vender en una pequeña carretilla víveres, como aceite, harina, azúcar, arroz y otros artículos de la canasta familiar , alguno de los cuales compra por pacas y él reempaca y vende en porciones de libra o de onzas en una zona muy comercial ubicada en el Centro de Barranquilla. En la actualidad, solicita un financiamiento por valor de $1.300.000 para comprar jabón, azúcar, arroz, aceite y medicinas que no requieren prescripción médica, que usualmente mantienen las familias en los botiquines personales.
Marcelino expresa que desde hace 16 años ha sobrevivido a partir de este negocio y que cuando llegó a la Fundación Mario Santo Domingo hace 10 años, ingresó en un grupo solidario de 4 personas, en la actualidad tiene mas de 10 créditos recibidos de manera individual, que le han ayudado a aumentar sus utilidades y ha podido pasar de vender en una vieja carretilla por las calles, a un gran cubo de madera con puerta metálica que tiene seguridad y puede estacionarlo. Desde su ingreso a la Fundación, ha mejorado su vivienda y ha sostenido a su familia; su sueño es ampliarlo invirtiéndole mercancía, comprándola de contado y ese es precisamente su gran desafío, salir de compromisos adquiridos con proveedores que le acreditan a un alto precio.

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
  • 192
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,907.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Marcelino José to purchase goods like soap, sugar, rice, oil and medicine in larger quantities.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 26, 2010
Listed
Mar 24, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011