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Eusebio Ricardo
Euesbio G., 60 years old and married, moved to the city of Barranquilla, Colombia 11 years ago from the municipality of Cerete where he used to live. He used to work at Cerromatoso, a large producer of ferronickel - an alloy of iron and nickel - in the department of Cordoba; he is now waiting for his retirement pension from this company. Eusebio lives in the 7 de Abril neighborhood in Barranquilla, and he owns the "Tienda los Abuelos" (Grandparents' Store), a business that he began at his sister's suggestion. The store is now a source of income and employment for him and his wife, and because of this, both are known in the area as "the grandparents."

This is Eusbio's sixth loan with the Mario Santo Domingo Foundation, and he is applying for his first Kiva credit to buy non-perishable goods, such as rice, oil, flour, and sugar, in bulk so that he can buy at a discount and continue offering excellent service, which will help him succeed in his investment. His business has grown since be began taking out credit with the Foundation, because each loan is an addition to his work capital that allows him to expand to have all the products that his customers need at an affordable price. Through this growth, the couple has been able to sustain their business well.
View original language description ↓
Eusebio G., un hombre de 60 años y casado, llegó a la ciudad de Barranquilla hace 11 años, procedente del municipio de Cereté, lugar donde vivía; el trabajaba en Cerromatoso, gran productor en Colombia de ferroníquel, o aleación de hierro y níquel, en el departamento de Córdoba, de donde hoy espera su pensión.
Eusebio vive en el barrio 7 de Abril y es propietario de la “Tienda los Abuelos”, negocio que inició por recomendación de su hermana y es hoy una fuente de ingreso y empleo para él y su esposa y por eso ambos son conocidos en el sector como “los abuelos”. Este es su sexto financiamiento con la Fundación Mario Santo Domingo y esta aplicando a su primer credikiva para comprar víveres productos no perecederos, arroz, aceite, harina y azúcar en mayor proporción, para ganar descuentos y continuar ofreciendo un servicio de excelencia que es su fortaleza, lo que le augura éxitos en su inversión.
Desde que inició su historia crediticia en la Fundación su negocio ha crecido, porque cada crédito es una adición a su capital de trabajo que le permite expandirse al tener todos los productos que sus clientes requieren de manera asequible.

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
  • 287
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    Funds lent in using Kiva
  • 1,886.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Eusebio Ricardo purchase of bulk non-perishable goods, such as rice, oil, flour, and sugar.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2011
Listed
Feb 18, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011