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Roque De Jesus
Roque is 58 years old and has a business selling tubers, fruits and vegetables at a busy location in the center of Barranquilla. He is married and has three children ages 27 to 32. He started the business more than 15 years ago, first selling small amounts of vegetables and slowly incorporating the sale of tubers and fruits. He located his business at the city’s public market.

Although he sells his products on a cash basis, he also has a few loyal customers that he allows to buy on credit to sell the products door-to-door. The wintry wave that Colombia has been experiencing, particularly the riverine municipalities, has made all these products more expensive. Roque must pay in cash to supply his business and offer competitive pricing, which is why he is turning to Kiva credit.

This is his tenth loan through the Mario Santo Domingo Foundation. He plans to buy products in bulk, as they are part of his customers’ regular daily diets. With his previous loans through this organization, Roque has had many achievements. He has managed a small amount of additional working capital; he has diversified his offerings from just fruits, to include vegetables and tubers; and, through his business, was able to obtain his own house and provide a higher education for his children. Thus, he has exhausted all his resources.

His dreams are to continue growing his business and to distribute his products in greater quantities. While he continues working to meet these goals he achieves a 28% profit margin, which he plans to make higher by putting forth all his effort.
View original language description ↓
Roque de 58 años tiene su negocio de venta de tubérculos, frutas y verduras en un lugar del centro de Barranquilla muy concurrido; él es un hombre casado y con tres hijos en las edades de 27 a 32 años, que inició este negocio hace más de 15, cuando en pocas cantidades vendía verduras y gradualmente fue integrando en su oferta tubérculos y frutas, y ubicándose en un puesto interno del mercado público de la ciudad; aunque sus ventas las realiza de contado, también tiene clientes fieles a quienes les da crédito desde que inició con esta actividad y ellos lo venden de manera ambulante. La ola invernal por la que atraviesa Colombia y especialmente los municipios rivereños de donde traen las verduras y frutas, ha encarecido todos estos productos y Roque necesita comprar de contado para provisionarse y lograr precios competitivos, esta es la razón por la cual acude a su credikiva que es el décimo financiamiento que tiene con la Fundación Mario Santo Domingo, con el cual comprará en volumen estos productos de consumo diario, que forman parte de la dieta alimentaria de sus clientes. Con sus anteriores financiamientos a través de esta organización, Roque ha tenido muchos logros como manejar un pequeño capital de trabajo adicional, diversificar su oferta pasando de solo frutas, a verduras y tubérculos y también con las utilidades de su negocio logró tener su propia vivienda y brindarles a sus hijos educación técnica superior, agotando todas sus posibilidades. Su sueño es continuar ampliando su negocio y distribuir en mayor cantidad, mientras trabaja por lograr esta meta , maneja una rentabilidad sobre las ventas del 28%, que planea aumentar agregándole todos sus esfuerzos.

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
  • 247
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,828.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Roque De Jesus buy fruits and vegetables.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2011
Listed
May 21, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012