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Concepción Valerio
Concepción Valerio B. F. lives in Malambo and has sold prepared meals for over twenty years. He worked in a restaurant for five years and this is where he got the experience. When he retired he used his severance pay to follow his dream of being independent in some strategic location in Barranquilla.

Concepción has had 25 loans with Fundación Mario Santo Domingo. He started out with the organization participating in group loans but after his 22nd loan he became independent.

He needs a Kiva loan to buy raw materials and ingredients for his meal preparations, especially sauces. He also wants to add more chairs and work tools because he has many more customers.

Since becoming associated with the Foundation he has had a very good credit history. His greatest challenge happened when the Metro Bus System was being built because sales dropped. Once construction was completed, though, he recovered and experimented with opening a second sales point which to date has had good results so he’d like to keep it and strengthen it.

His dream is to continue improving his home so that he, his wife and three children, who are between the ages of 23 and 30, can be more comfortable. Therefore, he proposes to continue to persevere in his work and to continue to seek his family’s welfare.
View original language description ↓
Concepción Valerio B. F. vive en el municipio de Malambo y se dedica a la venta de comidas rápidas desde hace mas de veinte años, cuando adquirió su experiencia en un restaurante en el que trabajó durante 5 años y cuando se retiró, con su liquidación emprendió su sueño de ser independiente en un sitio estratégico de Barranquilla. Concepción tiene 25 financiamientos con la Fundación Mario Santo Domingo, con esta organización inició en la modalidad de grupos solidarios y después de su crédito número 22 se independizó. En la actualidad requiere su credikiva para comprar materias primas e insumos para sus comidas corrientes especialmente salsas y para adicionar mas sillas y herramientas porque tiene muchos mas clientes.

Desde que está vinculado a la Fundación ha tenido un buen comportamiento de crédito, su desafió mayor lo vivió con la construcción del transmetro, momento en el cual las ventas disminuyeron pero con la terminación de la obra logró recuperarse y aprovechó para experimentar en otro punto de ventas que en la actualidad como le ha dado buenos resultados se agrega a su crecimiento y quiere seguir fortaleciéndolo.

Porque este es su sueño para mejorar su vivienda, estar más cómodo con su cónyuge y sus tres hijos en las edades de 23 a 30 años, por eso se dispone a seguir persistiendo en el trabajo y continuar buscando bienestar para su familia.

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
  • 209
    View loans »
    Colombia Loans Fundraising
  • $12,876,400
    Funds lent in using Kiva
  • 1,801.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Concepción Valerio to buy raw materials and ingredients for his daily meals especially sauces and to add more chairs and work tools because he has many more customers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2010
Listed
Sep 22, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011