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Luis Fernando
Luis Fernando is 33 years old and the owner of the “Tres Ave Marias” store located in the neighborhood that has the same name. His wife and three children live there. The children are from 2 to 13 years old. Luis Fernando is from a rural area, specifically from OIBA in the Satandar Department. Seven years ago he moved to Baranquilla City with his family. In order to generate income he rented a store and with his savings he was able to buy the location. He has a customer base that buys on credit. The real estate in this area has appreciated. His future goals are to convert his store into a fast food market and buy the location of the store. His major challenge is the competition. There are many stores in the area. He struggles to be the best business and with his good service he has maintained his customer base. While Luis Fernando supports his dreams, he continues working with a profit margin of 18 percent. He plans to continue growing his business, and, beginning with this loan from the Mario Santo Domingo Foundation, he will buy food supplies in order to provide a wider assortment of goods and increase his sales.
View original language description ↓
Luis Fernando de 33 años es el propietario de la Tienda las Tres Ave Marías, ubicada en el barrio que lleva este mismo nombre, donde vive con su esposa y sus tres hijos en las edades de 2 a 13 años; él es oriundo del sector rural, específicamente de OIBA en el departamento de Santander y hace 7 años se radicó en la ciudad de Barranquilla con su familia y para generar ingresos alquiló una tienda y con el producto de sus ahorros, logró comprarla y también estructurar una clientela acreditada, mientras él goza de gran aprecio en el sector. Su meta más adelante es convertir su tienda en un autoservicio y comprar el local donde funciona y aunque su mayor desafío es la competencia, pues hay varias tiendas en el sector, él se esmera por ser el mejor empresario y con un buen servicio lograr el sostenimiento de su clientela; mientras Luis Fernando le aporta a su sueño, continua trabajando con un margen de utilidad no menor del 18%, que planea continuar aumentando con sus esfuerzos y comenzando con éste, su primer financiamiento a la Fundación Mario Santo Domingo, con el cual comprará víveres para mejorar el surtido y aumentar las ventas

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
  • 264
    View loans »
    Colombia Loans Fundraising
  • $13,601,850
    Funds lent in using Kiva
  • 1,825.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Luis Fernando to buy food supplies in order to expand his offerings.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2011
Listed
Jun 4, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012