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William Jair
William Jair V. is 23 years old and has a 3 year-old son. His business is selling food such as snacks, corn cakes, pies, 'hallacas' (meat and vegetables in cornmeal dough, wrapped in plantain leaves), and drinks such as soda and beer, from a very smart sales location in Barranquillita. This is a very busy sector where there are a lot of formal and informal businesses and a number of public markets specialized in selling meat, fish and flowers, and shopping centers which sell clothes, footwear and general accessories. This is the area where William's business is located. He has owned his business for two years and it came about because he needed to make income to support his son when he was born. William had to work from 4.00am to 6.00pm as he still does today.

William's goal is to receive training from Fundación Mario Santo Domingo so that he can manage his business well and also gather together more working capital so that he can expand his business and grow it by putting in all his effort.

William's business has recently grown substantially. For this reason, he needs to buy a larger heated display case than the one he currently owns and he also needs to buy raw materials and supplies for making his fried food because he has more and more customers every day and his products are selling out quickly. This is what he will use his Kiva loan to buy. This is his first loan from Fundación Mario Santo Domingo.
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William Jair V. de 23 años y padre de un niño de 3, es un negociante dedicado a la venta de alimentos como pasabocas, arepas, pasteles, hayacas y bebidas como gaseosas y cervezas, en un puesto de ventas nuy elegante que tiene en Barranquillita: un sector de mucho movimiento donde abundan los negocios formales e informales y diversos mercados públicos, especializados para carnes, pescados, flores y centros comerciales de ropa calzado y accesorios en general. Este es el ambiente donde está ubicado el negocio de William desde hace dos años, el cual surgió por la necesidad de generar ingresos para el sostenimiento de su hijo cuando nació y William debió trabajar desde las 4: 00 am a 6:00 p.m. como hasta ahora lo hace. Su meta es capacitarse con la Fundación para lograr hacer un buen manejo administrativo de su negocio, así mismo lograr reunir un mayor capital de trabajo para ampliarlo y hacerlo crecer aplicándole todos sus esfuerzos. A William últimamente, su negocio le ha quedado pequeño, por eso requiere comprar una vitrina calentadora de mayor tamaño que la actual y también materias primas e insumos para la preparación de sus frituras, porque cada día ingresan más clientes y sus productos se terminan rápidamente; esto es justamente en lo que invertirá con su credikiva, que es su primer financiamiento con la Fundación Mario Santo Domingo.

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
  • 507
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,811.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped William Jair to buy a heated display case and also raw materials and supplies for making his fried food.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2011
Listed
Apr 19, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012