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Fredy Alfonso
Fredy is a 47-year-old married man who lives with his wife and two children, ages 16 and 20. He started working 20 years ago. His father was a wholesale fruit vendor and helped him start and develop his business venture. Fredy has been enthusiastic from the beginning and has worked independently all of his life. As a result, he has operated a profitable business. Fredy started out selling fruits Monday through Saturday in the town of Baranoa, which is 20 minutes from Barranquilla. On the weekends, he would also sell beer from his home in the Simón Bolívar neighborhood. This neighborhood is one of the most populated and more traditional areas of Barranquilla, where the first airport in the country is located. Fredy is also an industrial electrician and offers his services to earn additional income.


At the moment, he is requesting a loan for multiple purposes. He hopes to buy a freezer to replace the one he currently has because it has not been functioning lately. Fredy will also buy beverages in bulk and add chicken and cold cuts to his business. His financial records are in line with his business activity. Fredy's purchases are made with cash and he maintains a gross profit margin of 34.19%. His family expenses with respect to his operating profit represent 75.63%. Fredy’s accounts receivable are minimal since he has three customers who are pensioners and settle their bills at the end of the month. His dreams are for his family to improve their well-being each day and to see his children become successful at whatever they pursue. They serve as the motivation behind his work.

View original language description ↓
Fredy de 47 años de edad, es un hombre casado que vive con su esposa y sus dos hijos en las edades de 16 a 20 años; él inició su experiencia de negocio hace 20años pues su padre fue mayorista de frutas y le ayudó a desarrollar y emprender su aventura empresarial, con la que Fredy ha trabajado toda la vida en condiciones de independiente, pues observó que le generaba rentabilidad y desde el principio se entusiasmó. Así fue que inició con un punto de venta de frutas en el municipio de Baranoa, a 20 minutos de Barranquilla de lunes a sábado y de cervezas los fines de semana en su casa del barrio Simón Bolívar, uno de los barrios más populares y tradicionales de Barranquilla, donde funcionó el primer aeropuerto del país. Fredy es técnico electricista industrial y también ofrece este servicio en su oferta y obtiene otros ingresos adicionales. En la actualidad está solicitando un crédito mixto, con el fin de comprar un congelador y cambiar el que tiene, ya que últimamente este no está funcionando muy bien y comprar bebidas en mayor cuantía así como adicionar a su negocio la venta de pollo y carnes frías. Sus estados financieros están de acorde a la actividad de su negocio, presenta sus compras las hace de contado, tiene un margen de utilidad bruta del 34,19%, y sus gastos familiares con respecto a la utilidad operativa representan el 75,63%, sus cuentas por cobrar son mínimas cuenta con tres clientes que son pensionados los cuales le cancelan los fines de mes. Su sueño es lograr que su familia tenga cada día mayor bienestar y que sus hijos sean exitosos en lo que emprendan, justamente el motor por el cual trabaja.

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
  • 515
    View loans »
    Colombia Loans Fundraising
  • $14,939,400
    Funds lent in using Kiva
  • 1,760.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Fredy Alfonso to purchase a freezer, a large quantity of beverages, chicken, and cold cuts.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2011
Listed
Aug 5, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 18, 2012