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Alvaro
Álvaro lives in the municipality of Soledad with his wife and their two children, ages 5 and 8. There he has a store where he sells food, groceries, beverages, meat and basic supplies that housewives buy in small quantities every day. He has had his business for 4 years and it is run by himself and his wife. One notes the store’s visible improvements due to this couple’s fine management.

Their philosophy of service makes them very well known in the area they serve and their customer base is growing every day. However, their daily working capital is insufficient for the projected growth they have as their principal goal. This is the reason they approached Kiva credit so that they can buy a variety of merchandise that has the greatest turnover. Such a supply of goods would be significant for their daily growth.

Álvaro’s dream is to establish a branch of his business, since his experience indicates that his family can progress only in an orderly way. This is his plan so that his children will have the greatest sense of well being possible, thereby increasing their likelihood of a successful future. His greatest challenge is the daily transportation of his products, since it is not easy to find an available vehicle to borrow; consequently in the future he plans to have his own. His business shows a good liquidity index, his accounts receivable turn over quickly, as does his inventory and his profitability index displays efficiency and solvency, which can be utilized in future commitments.
View original language description ↓
Álvaro vive en el municipio de Soledad con su cónyuge y sus dos hijos en las edades de 5 y 8 años. Allí tiene una tienda donde vende ranchos, víveres, refrescos, carnes y en general productos de la canasta familias que las amas de casa compran diariamente en pequeñas cantidades. Su negocio funciona desde hace 4 años atendido por él y su cónyuge. A su negocio se le nota el buen manejo que esta pareja ha tenido pues el progreso de este es muy visible. Su filosofía de servicio los lleva a que sean muy reconocidos en la zona objetivo de su mercado y cada día crece su clientela, pero su capital de trabajo cada día es insuficiente para la proyección de crecimiento que tienen como su meta principal. Esta es la razón por la cual acuden a su credikiva, con el cual comprarán mercancía variada de la que más rota, pues un stock de ella seria significativo para su diario crecimiento. Su sueño es tener una sucursal de este mismo negocio pues su experiencia le indica que ordenadamente pude su familia progresar y este es su plan para que sus hijos logren el mayor bienestar que le sea posible y potencialicen su éxito futuro. Su mayor desafío es el transporte diario de sus productos, pues no es fácil tener la disponibilidad de un vehículo que le preste el servicio, por eso más adelante proyecta tener uno propio. Su negocio presenta buenos índices de liquidez, sus cuentas por cobrar rotan rápidamente, lo mismo que sus inventarios y sus índices de rentabilidad demuestran eficiencia y solvencia para aprovecharla para compromisos futuros.

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
  • 489
    View loans »
    Colombia Loans Fundraising
  • $15,258,975
    Funds lent in using Kiva
  • 1,774.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Alvaro to buy larger quantities of food, groceries, beverages and basic family supplies to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2011
Listed
Sep 4, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012