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Jorge Luis
Jorge is 44 years old and lives in the city of Cartagena with his wife and children aged 10 to 18. On the terrace outside his house, he sells fried food and fast food. He started this business with a lot of dreams and is supported by his wife. They are in agreement as to their need to make income for the household and to get their family ahead in life.

Jorge carries out his business every day but he makes most sales on weekends. He sells most of his products for cash though he does sell a small portion on credit. His dream is to own his own home and to expand his business so that he can continue feeling more prosperous. This Kiva loan is Jorge's first loan through Fundación Mario Santo Domingo and he will use it to buy raw materials for preparing his food, and an awning to protect his business and his customers from the burning sun and the rain that they are now exposed to owing to their location on the North Caribbean coast of Colombia complete with sun, beach, breeze and sea.
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Jorge de 44 años vive en la ciudad de Cartagena, con su cónyuge y sus hijos en las edades de 10 a 18 años, allí mismo en la terraza de su casa se dedica a la venta de fritos y comidas rápidas en general, negocio que inició con muchos sueños y donde es apoyado por su cónyuge, pues estàn de acuerdo en generar ingreso para generar ingresos a su hogar y sacar adelante a su familia. Su actividad la realiza diariamente pero el mayor volumen de sus ventas las realiza los fines de semana, en su mayoría los productos se venden de contado, aunque una pequeña porción de estos lo hace a crédito. Su sueño es tener una casa propia y expandir su negocio para sentirse cada día mas prósperos. Su credikiva es el primer financiamiento que hace a la Fundación Mario Santo Domingo, con el comprará materias primas para la preparacion de alimentos y una carpa para proteger a su negocio y a su clientela del candente sol y la lluvia al que ahora estàn expuestos porque su ubicaciòn al Norte del Caribe Colombiano, de sol playa brisa y mar asì lo exigen.

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
  • 239
    View loans »
    Colombia Loans Fundraising
  • $13,497,700
    Funds lent in using Kiva
  • 1,760.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Jorge Luis to buy raw materials for making food, and to buy an awning.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2011
Listed
Jul 22, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012