Check out some available loans that are similar to this one!
Alirio
Alirio, 38, lives in the south part of the city with his spouse and two children who are 7 and 14 years old. He has a business there where he makes and sells orange juice, arepas [stuffed turnovers], turnovers, fried banana chips, fried cheese sticks and fried dough. His work schedule is 7am to 5pm Monday through Sunday. He has little competition and his customers are passersby in the 20 de Julio neighborhood, a community that combines both formal and informal commercial spaces, sports venues, multiple unit apartment buildings, houses, apartment complexes and Alirio’s business is located precisely on the busiest street. His sales are cash and daily and his purchases are also cash and also daily. He works in the business with his wife and 100% of his income comes from this activity. His goal for later on is to furnish the locale he plans to move into very soon; it’s a place near the current one.

While Alirio works toward making his dreams come true, he manages a profit margin on sales of no less than 24.5% and a daily inventory turnover rate, indicators from which we can project potential growth and augur a successful investment of his Kiva loan which is the second financing he’s gotten from Fundación Mario Santo Domingo and that he’ll use to buy oranges and ingredients for his fried food snacks, a keg, a thermos and he’ll do some repairs on his fruit juice cart which is what he uses for all his sales.
View original language description ↓
Alirio de 38 años vive al sur de la ciudad con su cónyuge y sus dos hijos de 7 y 14 años. Allí tiene un negocio donde prepara y vende jugos de naranjas, arepas, empanadas, patacones, deditos y buñuelos. Su horario de trabajo es desde las 7 de la mañana hasta las 5 de la tarde de lunes a domingos, su competencia es poca y sus clientes están conformados por transeúntes, de la ciudadela 20 de Julio, comunidad que combina espacios comerciales, formales e informales, escenarios deportivos, multifamiliares, casas, conjuntos de apartamentos y el negocio de Alirio esta es justamente la vía mas transitada. Sus ventas las realiza de contado y diariamente y sus compras también son de contado y su frecuencia es diaria. En su negocio trabaja con su esposa y el 100% de sus ingresos provienen de esta actividad. Su meta mas adelante es adecuar el local donde muy pronto se trasladará, en un sitio cercano al actual. Mientras Alirio trabaja para conseguir sus sueños, maneja una rentabilidad sobre las ventas no menor al 24,5%, una rotación de inventarios diaria, indicadores a partir de los cuales proyectamos su potencial crecimiento y auguramos una exitosa inversión de su credikiva, segundo financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará, naranjas e insumos para la preparación de sus fritos, una cava, un termo, y hará reparaciones a su carricoche de jugos, desde el cual hace todo el despliegue de ventas de su inversión.

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
  • 269
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,782.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Alirio to buy oranges and ingredients for his fried fast foods, a keg, a thermos and he'll do some repairs on his fruit juice cart.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2011
Listed
Sep 12, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012