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Edgar Alexander
Edgar has a store in the neighborhood of Santo Domingo, in the southwest of the city of Barranquilla, where he sells all of the staple goods. Since he began this business he has always thought about satisfying the food needs of the neighboring homes, because before he began his store the housewives didn't have a place to go and buy things that were affordable, on a small scale and, most importantly, very close to home.

His dream is to add a great selection of things, until he becomes a warehouse. He would also like to get a site to construct a building for a granary. Meanwhile, he works long shifts every day and maintains a profit margin of at least 20% to meet his personal and familial goals.

With his Kiva loan, which is his first with the Mario Santo Domingo Foundation, he will buy food, provisions, meat, drinks and liquor to stock his store and increase his business capital. With this cash purchase, he will be able to maintain prices for his customers and get better profits from his business, which guarantees the success of this investment.
View original language description ↓
Edgar tiene una tienda en el Barrio Santo Domingo, al suroccidente de la ciudad e Barranquilla, donde vende al detalle todos los productos de la canasta familiar; desde que iniciò este negocio siempre pensó en lograr satisfacer las necesidades de alimento de los hogares vecinos, porque antes de su emprendimento las amas de casa, no tenian como hacerlo de una manera economica, en unidades de medias posibles de comprar y sobre todo que estuviera muy cerca su casa. Su sueño ahora es adicionarle una gran miscelanea, hasta convertirla en un almacen, asi mismo conseguir un sitio para construir un establecimiento donde funcione su granero. Mientras tanto trabaja diariamente en amplias jornadas y con un margen de rentabilidad no menor del 20%, para lograr alcanzar sus metas personales y familiares. Con su credikiva, que es su primer financiamiento con la Fundaciòn Mario Santo Domingo, comprará ranchos, viveres, carnes, bebidas y licores, para surtir su tienda y aumentar su capital de trabajo, pues con esta compra de contado, logrará sostener los precios a sus clientes y obtener unas mejores utilidades en su negocio, lo cual garantiza el éxito de esta inversiòn.

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
  • 299
    View loans »
    Colombia Loans Fundraising
  • $13,837,750
    Funds lent in using Kiva
  • 1,817.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Edgar Alexander to buy food, provisions, meat, drinks and liquors.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2011
Listed
Apr 11, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012