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Donnys
Donnys is 49 years old. He lives with his partner and their three children who are from 3 to 7 years old in the town of Soledad, where he is dedicated to the production of food, a business with which he generates the main income for his home. Donnys, before he began his business, worked in the coal mines but his friend was killed and this situation impacted him so much that he abandoned the risky job that he performed. This is how he started his business selling peto (a drink based on cracked corn, cinnamon and milk), plaintains and chorizo. With his business, he has had a favorable change since he's built a customer base and has proven himself in the spot where he is located. His greatest disadvantage is his working capital which becomes insufficient to expand his market. His sales are cash sales and he manages little inventory because he buys from the neighborhood graneries on a daily basis and this does not allow him to give good discounts, by volume. His loan is the first loan that he's made with the Mario Santo Domingo Foundation. With it, he will buy raw materials for the preparation of his products, such as cracked corn, cinnamon, milk, bananas, oil and chorizo to expand his sales and also buy chairs and table to achieve a more comfortable atmosphere for his customers. His dream is to adapt his home with better living conditions so every day he can continue contributing to the wellbeing of his children and partner.
View original language description ↓
Donnys de 49 años, vive con su cónyuge y sus tres hijos en las edades de 3 a 7 años en el municipio de Soledad, donde se dedica a la producción de alimentos, negocio con el cual genera los principales ingresos a su hogar. Donnys antes de iniciar su negocio trabajaba en las minas de carbón, pero su compañero falleció y lo impactó tanto esta situación, que abandonó el riesgoso oficio que desempeñaba. Así fue como inició su negocio de vender peto (bebida a base de maíz pilado, canela y leche), patacones y chorizos. Con su negocio ha tenido un cambio favorable pues ha construido una clientela y se ha acreditado en el sitio en el cual se encuentra ubicado. Su mayor desafío es su capital de trabajo que se torna insuficiente para lograr aumentar su mercado, sus ventas son de contado y manja pocos inventarios, porque compra diariamente en los graneros del barrio y esto no le permite acceder a buenos descuentos, por volumen. Su crédito es el primer financiamiento que hace a la Fundación Mario Santo Domingo, con el comprará materias primas para la preparación de sus productos, como maíz pilado, canela, leche, plátanos, aceite y chorizo para aumentar sus ventas y también comprar sillas y mesas para lograr un más confortable ambiente para sus clientes. Su sueño es adecuar su vivienda con mejores condiciones habitacionales, para todos los días continuar contribuyendo a un mejor estar de sus hijos y su cónyuge.

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
  • 483
    View loans »
    Colombia Loans Fundraising
  • $15,253,675
    Funds lent in using Kiva
  • 1,795.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Donnys to purchase raw materials for the preparation of his products, such as cracked corn, cinnamon, milk, bananas, oil and chorizo.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2011
Listed
Aug 15, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012