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Julio  Rafael
Julio Yépez is 28 years old and lives with his wife in San Juan Nepomuceno. From there they built their dream of traveling to Venezuela so that they can live, work, and seek a better future. They opened a store in the neighboring country, but gradually the situation there became difficult and they decided to find a way to move forward. Julio and his wife returned to their hometown and started a business selling provisions brought over from Venezuela as well as buying handicrafts from San Juan Nepomuceno to sell in Venezuela.


Julio is currently requesting his first Kiva loan which will be used to buy provisions such as rice, powdered milk, and oil as well as shoes, purses, and wallets. This funding will provide available operating capital to continue receiving low prices for the goods he sells without having to bring them over from Venezuela. His dream is to have a larger store and convert it into a warehouse where he can sell merchandise in bulk to stores, local distributors, and other entities in the surrounding areas.


With this business, Julio and his wife are able to build a future for their family so that when they are ready to have children, they can provide all the conditions to raise and educate them.

View original language description ↓
Julio Yépez tiene 28 años y vive con su esposa en San Juan Nepomuceno, desde allí construyeron el sueño de irse a Venezuela a vivir y a trabajar a buscar un mejor futuro; fue así como iniciaron con una tienda en el vecino país, pero gradualmente la situación de allí se puso difícil y decidieron buscar la forma de salir adelante, por eso se regresaron a su pueblo natal e iniciaron el negocio de vender víveres traídos desde Venezuela y así mismo enviaban artesanía desde San Juan Nepomuceno, a Venezuela para comercializarla. En la actualidad solicitan su primer credikiva, el cual invertirán en la compra de víveres, como arroz, leche en polvo, aceite, calzado, bolsos y billeteras, con este financiamiento tendrán un capital de trabajo disponible para conseguir a un buen precio los artículos que ellos venden y no tener que traerlos desde el país vecino. Su sueño es ahora tener un local bien amplio y convertirlo en un depósito de estas mercancías para venderla al por mayor en tiendas y a distribuidores del municipio y de otros ubicados a su alrededor. Con su negocio Julio y su esposa están construyendo el futuro de su familia para cuando vengan los hijos tener todas los condiciones que la educación y la crianza ameritan

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
  • 482
    View loans »
    Colombia Loans Fundraising
  • $15,251,825
    Funds lent in using Kiva
  • 1,809.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Julio Rafael purchase rice, powdered milk, oil, shoes, purses, and wallets.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2010
Listed
Sep 28, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011