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Jefferson
Jefferson is 22 years old. He lives in the Los Almendros neighborhood with his parents in the town of Soledad. He has a variety store where he offers internet service and varied merchandise such as blouses, cosmetics, perfume and jewelry. He offers credit to his customers and 80% of his sales are financed, while 20% are up front. He makes his purchases in downtown Barranquilla where his suppliers are. He pays upfront every week according to how much capital he collects. Jefferson is worried about getting ahead in life. He studies information technology and his merchandise business is supported by his mother, who is very satisfied with how responsible he is while doing his activities. He manages his internet service very well, which is his great passion. His goal for the future is to divide the family space from the work space, but his greatest challenge is his working capital, which isn't enough for his dream of investing in his businesses in a timely manner. He has a growing clientele, with orders from new customers every day. This is exactly what will facilitate his Kiva loan, the first loan he has taken out with the Fundación Mario Santo Domingo. With it, he will buy clothes, cosmetics and accessories that he has on order. He will be able to take advantage of special discounts from his suppliers for buying in volume and paying upfront. In this way, he will generate more income and be able to grow his business little by little.
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Jefferson de 22 años, vive en el barrio Los Almendros, con sus padres en el municipio de Soledad, donde tiene una miscelánea y ofrece los servicios de internet, donde vende mercancía variada, como blusas, cosméticos, perfumería y pedrería en general. A sus clientes ofrece crédito y sus ventas corresponden a un 80% financiadas, mientras y el 20 restante, de contado; sus compras las realiza en el centro de Barranquilla, donde están sus proveedores y las hace de contado y semanalmente de acuerdo a la recuperación de su capital. Jefferson se preocupa con avanzar en su vida, estudia tecnología de la informática y en su negocio de mercancía es apoyado por su madre, quien se encuentra muy satisfecha por su grado de responsabilidad, mientras ejerce las dos actividades pues maneja muy bien su servicio de internet, que es su gran pasión. Su meta más adelante, es dividir el espacio familiar del espacio productivo, pero su mayor desafío es su capital de trabajo que no es consecuente con su sueño de invertir oportunamente en sus negocios, donde tiene una creciente clientela donde día a día, nuevos clientes hacen pedidos. Esto es justamente lo que facilitará su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, a través del cual comprará ropa, cosméticos y accesorios que tiene encargado y menos aún puede atender las ofertas de descuentos especiales de sus proveedores, por compras en volúmenes y de contado, para generar mayores ingresos y lograr que poco a poco su negocio proyecte mayor crecimiento.

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
  • 287
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    Funds lent in using Kiva
  • 1,795.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Jefferson to buy clothes, cosmetics and accessories that he has on order.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2011
Listed
Aug 16, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012