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José Manuel
José Manuel Batín R. lives in Cartagena's Olaya Herrera neighborhood. He is a hard-working man who is always looking for ways to increase his income. He is a skilled construction worker but construction jobs are seasonal so he started a business selling a little of everything. He calls the business "Comercios punto Combo" (Merchandise-dot-Combo). You can see him every day on his bicycle, selling bread around the neighborhood and in the surrounding area, too. Along with that, he works every day selling the basic products that every household needs: bananas, pastas, potatoes, etc. He started the business with working capital that he borrowed from his family. He was selling cheese and dairy products then but, gradually, with loans from the Fundacion Mario Santo Domingo, he added other products and expanded his business to other parts of Cartagena. He has approached Kiva for a loan so that he can buy wholesale supplies of products such as bread, pinita and potato and banana fillings.
Jose Manuel is well known in the neighborhood and he has a lot of customers. He goals are to see his 2 children in good careers and to continue working with the Fundacion that has done so much to help him improve not only his business, but his house too. His biggest challenge is to grow his business so that he has his own shop and everything.
View original language description ↓
José Manuel Batín R. vive en el barrio Olaya Herrera de Cartagena y es un hombre muy trabajador que siempre ha buscado alternativas de nuevos ingresos, porque conoce muy bien el oficio de albañil pero como es una actividad muy estacionaria, ha buscado la forma de salir adelante mediante su negocio de vender de todo un poco llamado "Comercios punto Combo", usted lo puede ver diariamente vendiendo en su bicicleta pan que distribuye en su barrio y en las zonas aledañas pero también diariamente puedo encontrarlo comercializando, muchas líneas de productos como son los de la canasta familiar: plátano, pastas alimenticias tubérculos y otros. Cuando se inició como negociante fue apoyado con un capital de trabajo de su familia y vendía queso y lácteos, pero gradualmente con el crédito que recibió de la Fundación Mario Santo Domingo agregó otros productos y quiere seguir ampliar su negocio a otras zonas de Cartagena, por eso acude a su credikiva con el cual comprará panes de molde, piñita y rellenos además de tubérculos, banano, pastas alimenticias en mayor volumen.
José Manuel es muy conocido en su barrio y tiene muchos clientes, el sueña con ver a sus 2 hijos convertidos en profesionales y continuar con la Fundación que le ha brindado la posibilidad de aumentar su capital de trabajo y así mismo ha podido arreglar su casa. Su mayor desafío es transformar su negocio en una gran almacén de víveres con local y todo.


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

  • $11,100
    Average annual income
  • 563
    View loans »
    Colombia Loans Fundraising
  • $14,893,900
    Funds lent in using Kiva
  • 1,840.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped José Manuel buy products to resell.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2010
Listed
Jul 30, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012