Check out some available loans that are similar to this one!
Pedro Antonio
“Tienda y Miscelánea M & J” is a general store started by Pedro G. and his wife Ruth María six years ago. Little by little they gradually watched it grow until they came to Chibolo Magdalena to begin a new life in the community of Soledad. At first they started with a small tavern in the city of Camelot and later they used their savings to buy a lot upon which they built. They were able to unite the couple’s two careers: his, selling provisions and drink and hers, selling merchandise via catalogue. The catalogue business gradually grew and now occupies an area of her husband’s big store. He is soliciting a loan from the Fundación in order to replenish the store’s stock of clothing, footwear, and sweaters which he sells to Magdalena’s population.

Pedro G. learned about business from his mom, an exemplary woman and very business oriented. Today with his wife Ruth María, also a businesswoman, he has advanced and has in addition to the general store, a business providing services such as internet and photocopying.

Pedro has noticed that his business has grown with the 3 loans provided by the Mario Santo Domingo Foundation. He has been able to improve the infrastructure of equipment and furnishings. He now has the capacity to offer new services and pay an assistant. Perhaps most importantly, he is able to acquire merchandise “without agonizing over expensive credit”. This family knows where it is going and has a great enthusiasm for their business because, as Pedro says, it has given his family everything. His young sons want to participate and he occasionally allows them to help, as long as it doesn’t interfere with their homework. They are excellent students and school is the one thing he will not compromise.

His dream is to continue to build his home and buy a car in order to save on the daily costs of transport for his businesses which can amount to more than $500.000 a month. His major challenge is having enough ready cash available to buy in bulk when the merchandize that his customers need arrives.
View original language description ↓
Tienda y Miscelánea M & J es un negocio que iniciaron Pedro G. y su esposa Ruth María, hace 6 años y pulso a pulso; gradualmente ellos lo han visto crecer desde que se vinieron de Chibolo Magdalena a comenzar una nueva vida en el municipio de Soledad ; primero iniciaron con un pequeño ventorrillo en Ciudad Camelot y luego compraron con sus ahorros un lote que han ido construyendo y donde trasladaron su ahora tienda -misceláneas que unió las dos actividades realizadas por los esposos : él en su venta de víveres ranchos, bebidas y ella la de sus mercancías que vence mediante catálogo, la cual ha crecido gradualmente y ahora ocupa un puesto en la tienda grande de su esposo, que solicita a la Fundación un crédito para surtir la miscelánea y comprar mercancía, como ropa calzado, suéteres para vender en poblaciones del Magdalena.
Pedro G. aprendió a negociar con su mamá una mujer ejemplar y muy comerciante, hoy con su cónyuge Ruth María, también negociante, ha avanzado y tienen además de esta tienda miscelánea, venta de minutos, servicio de internet y fotocopiado y venta de mercancía al detalle como ropa, calzado, camisas para damas caballeros, niños y niñas, que envían a los pueblos de Plato y Chibolo, ambos en el Departamento del Magdalena.
Pedro ha notado que su negocio ha crecido con los créditos que le ha facilitado la Fundación Mario Santo Domingo, donde ha recibido 3, ello se ve reflejado en una mayor infraestructura de equipos y enseres, en la adición de nuevos servicios, la capacidad de pagar un ayudante y especialmente de adquirir la mercancía “sin agonizar con créditos costosos”; esta familia sabe para dónde va y tiene un gran entusiasmo con su negocio, porque Pedro dice, que le ha dado a su familia todo, y que en él hasta sus hijos menores quieren participar y se lo permiten algunas veces, sin abandonar sus tareas escolares, porque son excelentes estudiantes y los estudios son su ùnico compromiso.
Su sueño es continuar construyendo su vivienda y comprar un carro para ahorrarse los costos de transporte diario de sus negocios, que suman más de $ 500.000 mensuales, su mayor desafío es tener siempre efectivo disponible para comprar de contado cuando llega las mercancías que necesitan sus clientes

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
  • 500
    View loans »
    Colombia Loans Fundraising
  • $14,674,025
    Funds lent in using Kiva
  • 1,945.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Pedro Antonio to buy merchandise, underwear, clothing, shoes and sweaters.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 21, 2010
Listed
Apr 25, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011