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Mauricio Rosales
Mauricio N. is a resident of the town of Baranoa, in the Atlantic region. He works in business in a store that is very well known in this area, where he sells provisions, meals, liquors, and soft drinks. He began as an assistant in this same business, and since its long-time owner needed to travel to take care of his property in the Magdalena region, Mauricio stayed in the store through a lease contract. In the year 2005 he bought the store and succeeded in positioning himself in the market; this he did through much discipline, good service, and saving, and this success filled him with great satisfaction. Indeed, with his great sense of responsibility, Mauricio succeeded in obtaining several loans through the Mario Santo Domingo Foundation. They have helped him a lot, since before he worked with very little capital to stock his store. Recently he has benefited from Kiva loans, and this would be his third loan from this organization. He needs the loan to buy larger quantities of oil, rice, and liquors to prepare for the end-of-year fiestas that are coming. With this loan his store is going to be well stocked. His business is his only source of income and for this reason he focuses his efforts on the growth of his store, since he dreams of seeing it fully furnished, well provided with glass cases and shelving, but always well stocked, so that he has everything his customers want when they arrive at his store.
View original language description ↓
Mauricio N. es un poblador del municipio de Baranoa, en el departamento del atlántico, dedicado al comercio en una tienda muy reconocida en este lugar, donde vende víveres, ranchos, licores y refrescos; el se inició como ayudante de este mismo negocio y como su antiguo dueño necesitó viajar, para atender su finca en el departamento del Magdalena, se quedó con él mediante un contrato de arrendamiento, y en el año 2005 lo compró, cuando logró posicionarse en el mercado, eso si con mucha disciplina, buen servicio y ahorrando, éxito que lo ha llenado de mucha satisfacción. Mauricio precisamente por su gran responsabilidad, logró realizar varios financiamientos con la Fundación Mario Santo Domingo, que le han ayudado mucho porque antes trabajaba con muy poco capital para poder surtirlo; últimamente se ha beneficiado con el credikiva, que es su tercer crédito con esta organización, pues necesita comprar en mayor volumen aceite, arroz, y licores preparándose porque ya vienen las fiestas de fin de año y con este financiamiento su tienda va a estar bien surtida. Su negocio es la única fuente de ingresos y por eso enfoca sus esfuerzos en el crecimiento de su tienda, pues él sueña con verla con una infraestructura, bien dotada con vitrinas, estantería, pero eso si siempre bien surtida, para que a sus clientes nada les falte cuando lleguen a su tienda.

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
  • 491
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,810.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Mauricio Rosales buy larger quantities of oil, rice, and liquors.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 25, 2010
Listed
Aug 25, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011