Check out some available loans that are similar to this one!
Giovani
Giovani is 31 years old and the owner of a store that buys and sells cloth scraps and manufactures industrial cleaning rags. His sales are made on a cash basis. Giovani started in this business seven years ago when his father asked him to take over for his partner who engaged in mismanagement. The two of them took over the reins of the business. As the years passed, his father decided to become a distributor so Giovani assumed ownership of the store. His goal in the future is to buy a location where he can work and also build a second floor to his home. At the moment, his greatest challenge is not having enough capital to respond to the recent growth in demand.


For this reason, Giovani is requesting his first loan from Fundación Mario Santo Domingo. He will use the money to acquire raw materials for making industrial cleaning rags. In addition, he will buy cloth scraps by the kilo.

View original language description ↓
Giovani de 31 años es el propietario de un almacén de compra y venta de retazos de telas y de elaboración de limpiones industriales, los que vende de contado. Su negocio lo inició hace 7 años cuando su padre lo envió a controlar su socia en este negocio y al descubrir malos manejos administrativos, fue así como entre los dos decidieron tomar las riendas de él y al pasar los años su padre es el proveedor y el es hoy el propietario del almacén. Su meta mas adelante, es comprar el local donde funciona y también construir un segundo piso donde vivir. Su mayor desafío es el capital de trabajo que no es suficiente para responder a la demanda que últimamente ha crecido. Esta es la razón para acceder a su primer financiamiento con la Fundación Mario Santo Domingo, con el cual comprará materias primas para elaborar limpiones industriales y también para comprar retazos por kilos.

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,782.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Giovani to acquire raw materials for making industrial cleaning rags and to buy cloth scraps by the kilo.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2011
Listed
Sep 12, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012