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Miguel Angel
Miguel Ángel S., 51, is a very creative entrepreneur living in the city of Barranquilla with his wife and 11-year-old son. For the last six months he has been working making chicken with rice to sell. He started this business when he lost his job and his entrepreneurial spirit flowered. He started to add to it. He now rents tricycles out to vendors who have stands.

This is his first loan with Fundación Mario Santo Domingo. He will use it to buy a tricycle and raw materials and ingredients in large volume because this way he hopes to get a 9% profit on sales and strengthen his working capital a bit which is indispensible for continued, quicker growth and to reach his goal of one day owning a house and being able to send his son to university.
View original language description ↓
Miguel Ángel S. de 51 años y es un emprendedor muy creativo, que vive en la ciudad de Barranquilla con su esposa y su hijo de 11 años de edad; allí se dedica a la preparación y venta de arroz de pollo desde hace seis meses, negocio que inició cuando quedó sin empleo y de él afloró su espíritu empresarial, al que fue agregando, el servicio de alquiler de triciclos por tarifas a vendedores que tienen puestos de venta, como actualmente lo hace. Este es su primer financiamiento con la Fundación Mario Santo Domingo y con el comprará un triciclo y materias primas e insumos en mayor volumen, porque con ello aspira a obtener una rentabilidad sobre las ventas del 9% y fortalecer su poco capital de trabajo, el cual es indispensable para seguir creciendo con mayor rapidez y para lograr el sueño de tener algún día su casa propia y conseguir que su hijo se eduque en la universidad.

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
  • 182
    View loans »
    Colombia Loans Fundraising
  • $12,852,400
    Funds lent in using Kiva
  • 1,860.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Miguel Angel to buy a trycicle and raw materials and ingredients in large amounts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2011
Listed
Mar 14, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012