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Rafael Antonio
Rafael T. is a happy and healthy 81 year-old man who sells clothes, footwear and small electrical appliances. He has been in this business since 1996, the year he first joined Fundación Mario Santo Domingo, from whom he has now received 10 loans.

This small businessman's customers are mainly his pensioner friends. Rafael says that he loves his work because it allows him to remain active and above all it allows him to visit many stores and shopping centers in search of sales promotions. His monthly sales volume is on average $2,00,000 and his profit margin is between 30% and 35%. He generally gives his customers 30 – 45 days to pay for their goods in 2 or 3 instalments.

Rafael plans to invest this Kiva loan in buying men's clothes and footwear. His plans for the not-so-distant future are to open his own premises where he can sell his products and chat with his customers who are also his friends. The cold winter season which has been hitting the city has caused his sales to fall and also made it difficult to get around but he is optimistic about the approaching summer and the Christmas period which is the best season of the year. Rafael has three children who support him completely in his business because it makes income for his household and, above all, because the physical activity keeps him in a perfect state of health.
View original language description ↓
El señor Rafael T. es un alegre y saludable señor de 81 años que se dedica al comercio de mercancías como ropa, calzado y electrodomésticos menores. Esta actividad la realiza desde 1996, año en que se vinculó a la Fundación Mario Santo Domingo y de la cual ha recibido 10 préstamos. La clientela del microempresario está formada principalmente por amigos pensionados. El señor Rafael manifiesta que le encanta su trabajo porque esto le permite estar activo y sobretodo visitar muchos almacenes y centros comerciales en busca de promociones. Su volumen mensual de ventas es en promedio de $2.000.000 y su margen de utilidad es del 30% al 35%. Generalmente concede un plazo de 30 a 45 días para que le paguen en dos o tres partidas. El crediKiva que está tramitando planea invertirlo en la compra de ropa exterior y calzado para hombres. El microempresario planea en un futuro no lejano abrir un local para ofrecer sus productos y hacer tertulias con sus clientes que también son sus amigos. La intensa temporada invernal que azota a la ciudad le ha ocasionado disminución en las ventas y dificultad para movilizarse, pero se muestra optimista por la cercanía del verano y la temporada navideña que es la mejor del año. El señor Rafael tiene tres hijos que le apoyan totalmente en su negocio porque genera ingresos para su hogar y sobretodo porque la actividad física lo mantiene en un perfecto estado de salud.

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,890.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Rafael Antonio to buy men's clothes and footwear.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2010
Listed
Nov 24, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012