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Marcelino José
This is the second Kiva loan that Marcelino has requested. He was very satisfied with the results of his first investment through this program as he was able to have new capital, reinvest and obtain 40% profitability, a contribution margin of 60%, and the rotation of his inventory is currently at 28 days. Although at present he has a working capital of $4.000.000 COP, he must prepare himself for December as it comes with many requirements from his customers who want to provision themselves with rice, oil, grains, canned goods, and sausages to cook meals for these great family holidays. This is precisely what he will buy with his new Kiva loan.

If you would like to read his history, visit the following link:
http://kiva.org/lend/188483
View original language description ↓

Este es el segundo credikiva que hace Marcelino, él quedó muy satisfecho con el resultado de su primera inversión a través de este programa, porque logró tenr un nuevo capital, reinvertir y obtener una rentabilidad del 40%, un margen de contribuciónde un 60% y la rotación de su inventarios es en la actualidad de 28 dias; aunque en la actualidad tien un capital de trabajo de $4.000.000 COP. debe prepararse para la temporada decembrina que vien con muchos requerimientos por parte de sus clientes, pues quieren proveerse de arroz, aceite, granos, enlatados y embutidos para hacer la comida de estas hermosas fiestas famliares. Yesto es lo que justamente comprará con su nuevo credikiva.
Si quiere leer su historia ingrese al siguiente enlace:

http://kiva.org/lend/188483

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
  • 216
    View loans »
    Colombia Loans Fundraising
  • $12,876,400
    Funds lent in using Kiva
  • 1,902.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Marcelino José to buy wholesale provisions.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 15, 2010
Listed
Dec 17, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011