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Gustavo
Gustavo, 58, is married and has five children, ages 22 to 38. He lives on the south side of the city where he has a business selling beef and entrails by the pound. He began his business over 30 years ago when he was a street vendor using a donkey for transportation. His business expertise dates back from when he used to have a shoe repair shop in his home. Now he distributes beef and entrails throughout the neighborhood and surrounding areas. He buys at the public market at 4:00 a.m. and then at 6:00 a.m. begins selling liver, kidneys, udder, feet and tripe so the consumers have time to prepare their meals.

He is applying for a credikiva which is his first loan through the Mario Santo Domingo Foundation. He will use the loan to buy greater amounts of entrails and a new mode of transportation in order to continue distributing meat among his customers. His dream is to set up a shop in his own home, with a good freezer system to preserve the meat. Meanwhile he is making a decent profit and works hard every day to increase customers and earnings.
View original language description ↓
Gustavo de 58 años es un hombre casado con 5 hijos en las edades de 22 a 38 años; vive al sur de la ciudad y allí tiene su negocio donde vende vísceras y carne de res por libras, el cual inició hace más de 30 años por todas las calles de la ciudad montado en un burro. Su experiencia de negocio data desde cuando se dedicaba a remontar cazado en un espacio en su vivienda. En la actualidad distribuye las vísceras y carne de res en todo el barrio y en sus alrededores, compra en el mercado público a las 4.00 a m. y a las 6 de la mañana empieza su venta de hígado, riñón, ubre, patas y mondongo, para que las familias objeto que le compran preparen sus alimentos. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, pues planea comprar en mayor volumen vísceras y un nuevo medio de transporte, para seguir distribuyendo su carne entre sus clientes. Su sueño más adelante es tener un punto comercial en su propia casa, con un buen sistema congelamiento que le permita conservar sus carnes. Mientras esto ocurre maneja una buena rentabilidad y se esmera día a día por aumentar sus clientes y obtener nuevas ganancias.

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
  • 180
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,774.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Gustavo to buy greater volumes of entrails and a new means of transportation.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2011
Listed
Sep 4, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012