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Efrain Enrique
Efrain is a 57-year-old man who has three children between the ages of 15 and 27. He lives in the city of Malambo where he works selling a variety of merchandise such as oil paintings, fried snack foods and prepared lunches. He began his business experience seven years ago with a shop, but he extended credit that in many cases was unrecoverable, and had to change the business so he could achieve alternatives which were more profitable and less risky. Thus, with the support of his two younger children, they began to sell products through specialized guides to which they later added sandals, costume jewelry and the making of oil paintings. Efrain is always looking for income opportunities to bring in money every day. He began selling fried snacks on a daily basis and lunches on the weekends.

His goal is to progress in his business little by little, and be able to set up a shop, and stock it with all the merchandise he sells. His greatest challenge is to be able to offer a quality education to his children. This Kiva credit is his first loan with the Fundación Mario Santo Domingo. With it he will purchase five dozen pairs of sandals, seven oil paintings, handicrafts, ceramics, costume jewelery and a large volume of basic ingredients for making fried foods and the lunches he sells weekly. Currently his customer base is growing day by day, and, as he makes his dream come true, he continues on diligently to bring in a family income by means of his business, in which he achieves a profitability of no less than 51%.
View original language description ↓
Efrain es un hombre de 57 años que tiene 3 hijos en las edades de 15 a 27 años y vive en el municipio de Malambo, donde se dedica a la venta de mercancía variada, cuadros al óleo, fritangueria y venta almuerzos. Él inició su experiencia de negocio hace 7 años con una tienda, pero otorgó muchos créditos irrecuperables y debió cambiar de actividad para lograr alternativas más rentables y menos riesgosas; fue así que con el apoyo de sus dos hijos menores, empezaron a vender productos mediante guías especializadas a la que luego agregaron sandalias, bisutería y elaboración de cuadros al óleo; Efrain siempre buscando oportunidades de ingresos donde obtuviera dinero diario, comenzó a vender fritos diariamente y los fines de semana almuerzos, porque su meta es progresar en su negocio poco a poco y lograr habilitar un local, para surtirlo con toda la mercancía que él vende, pues su mayor desafío es ofrecerles una educación de calidad a sus hijos. Su credikiva es el primer financiamiento que hace a la Fundación Mario Santo Domingo con el comprará 5 docenas de sandalias, 7 oleos, artesanías, cerámica, bisutería relojes y materia prima en mayor volumen para elaborar fritos y los almuerzos que vende con una freecuencia semanal, en la actualidad su clientela se ha incrementado día a día y mientras cumple con su sueño, continua esforzándose en la generación de ingresos familiares mediante sus negocios a través del cual obtiene una rentabilidad no menor del 51%.

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
  • 495
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,825.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Efrain Enrique to buy five dozen pairs of sandals, seven oil paintings, handicrafts, ceramics, costume jewelry, clocks and a large volume of basic ingredients for making fried foods.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2011
Listed
May 26, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012