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Jorge
Jorge S. is 29 years old and has a grocery store in his living room, that he has been running for two years. His main products are tropical fruit juices, sweets and groceries. He worked in a store for 10 years and gained the experience he needed to become independent and earn a living to take care of his family, comprised of his wife and two small children.

His goal for the future is to dedicate a specific room to the business co it can be independent, so he works hard to increase his working capital toward that end. This is his first loan through the Mario Santo Domingo Foundation. He plans to use it to buy sweets and especially groceries which have a higher turnover and allow him to buy at more competitive prices due to the higher volumes. He transfers the discounts to his customers, especially homemakers, who are happy to save money on groceries when they buy at his store.
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Jorge S. de 29 años de edad tiene una tienda en la sala de su casa desde hace dos años; allí vende como productos principales jugos elaborados con frutas tropicales, dulces y víveres en general; él trabajó en una tienda durante 10 años y a ese ejercicio le debe la experiencia que adquirió, con la que ha logrado desarrollar su independencia y con ello su autonomía; así fue que haciendo su propio emprendimiento ha logrado el sostenimiento de su familia, conformada por su esposa y sus dos hijos menores de dos años. Su meta más adelante es independizar su negocio adecuando su primera habitación como el espacio comercial, por eso se esmera por aumentar su capital de trabajo para generar esta posibilidad. Este es su primer financiamiento con la Fundación Mario Santo Domingo con el cual comprará dulcería y especialmente abarrotes que son los artículos de mayor rotación y que en la actualidad le ofrecen precios competitivos por compras en mayores volúmenes y esto es lo que augura el éxito de la inversión, porque trasladará los descuentos obtenidos a sus clientes, especialmente las amas de casa, quienes estarán felices de poder ahorrar con los gastos de la canasta familiar cuando le compran a Jorge Luis.

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
  • 551
    View loans »
    Colombia Loans Fundraising
  • $14,651,825
    Funds lent in using Kiva
  • 1,789.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Jorge to buy sweets and groceries.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2011
Listed
Apr 30, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012