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Manuel Antonio
Manuel, in the beautiful city of Cartagena, owns a business selling refreshments and drinks, with which he manages to support his family, made up of his wife and four children who are between the ages of 11 and 24. He started his business selling cell phone minutes and beers in his neighborhood and, to this business, he added billiards and sells beer not only at retail but also by the case, taking advantage of the fact that his neighbors are traders who are left without inventory during moments of great demand due to the small amount of working capital they have to work with. Manuel is a good member of the family. He can count on the support of all the members of his family and, with the business, on one of his children who also works with him. This is the second loan that he has received from the Fundación Mario Santo Domingo, with which he will buy cases of beer and soda so that he is stocked for the father's day season that is accompanied by a lot of commercial movement, especially with the products that Manuel sells. His dream is to keep his business active and give an apartment to each one of his children. With his previous loan, he was able to expand his working capital and he is thankful for the trust the Foundation has given him and his family.
View original language description ↓
Manuel en la hermosa ciudad de Cartagena, tiene un negocio de venta de refrescos y bebidas, con el cual logra apoyar el sostenimiento de su familia, conformada por su esposa y 4 hijos en las edades de 11 a 24 años. El inició su negocio vendiendo minutos a celulares y cervezas en su barrio y a este negocio adicionó un billar y vende cervezas no solo al detal sino también por cajas, aprovechando que sus vecinos comerciantes, se quedan sin inventarios en momentos de gran movilización comercial, por el poco capital de trabajo que manejan. Manuel es un buen miembro de familia, cuenta con el apoyo de todos los integrantes de su hogar y en el negocio con uno de sus hijos, que también trabaja con él. Este es el segundo financiamiento que recibe de la Fundación Mario Santo Domingo, con el cual comprará cajas de cervezas por volumen y gaseosas, pues desde ya se está provisionando para la temporada del día del padre, que viene con mucho movimiento comercial especialmente de los productos que Manuel vende. Su sueño es mantener activo su negocio y darle un apartamento a cada uno de sus hijos, con su financiamiento anterior logró aumentar su capital de trabajo y agradece la confianza que la Fundación ha depositado en él y en su familia.

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
  • 138
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,830.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Manuel Antonio to buy cases of beers and sodas.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2011
Listed
Jun 5, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013