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José Glaitón
Jose P. M. is a very kind man living with his spouse and two children who are 18 and 22 years of age. He sells groceries at his home located in Villas de San Pablo. He feels happy because his community will grow more each day and this represents more future customers and higher profits.

He started his business two years ago selling a few basic items and gradually has been growing. He now has a second sales stand located in a spot with much foot traffic like downtown Barranquilla.

His goal is to work in wholesale sales and to organize his structure into a warehouse. This growth will lead to increased family income. His greatest challenge is competition but his cordial and timely attention to customers helps him be preferred in the marketplace.

This is how he supports himself. His profit margin is no less than 30% and he hopes the new loan will increase it to over 35% because he’s applying for his Kiva loan at a very low cost. He will use this loan to pay cash for groceries like rice, canned goods, cleaning supplies, oil and assorted items for the home in large quantities.
View original language description ↓
Jose P. M. es un hombre muy amable que vive con su cónyuge y sus dos hijos en las edades de 18 y 22 años; desde su casa en Villas de San Pablo se dedica a la venta de víveres y se siente muy contento porque su comunidad crecerá cada día más y esto representan nuevos clientes futuros y mayores utilidades. Inició su negocio desde hace dos años, con la venta de algunos productos de la canasta familiar y poco a poco ha ido creciendo, hasta lograr tener otro puesto de ventas que ha ubicado en un lugar de alta circulación de clientes, como lo es el Centro de Barranquilla. Su meta es trabajar la venta al por mayor y organizar su estructura en un depósito, crecimiento con lo cual aumentaría sus ingresos familiares. Su mayor desafío es la competencia, pero su cordial y oportuna atención, lo ayudan a que en el mercado sea el preferido; así se sostiene, mientras su rentabilidad es no menor del 30% y espera que con su nuevo crédito logre aumentar a mas del 35%, pues está aplicando a su credikiva a muy bajo costo, y con esta financiación planea comprar víveres, ranchos de contado y en un mayor volumen, como arroz, enlatados, productos de limpieza, aceites y artículos varios para el hogar.

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
  • 488
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,870.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped José Glaitón to buy stock items for his store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 30, 2011
Listed
Mar 28, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012