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Isoel
Isoel lives in the town of Soledad with his spouse who works with him and with his two children who are 7 and 9 years old respectively. He has a store there where he sells snacks, foodstuffs, beverages, soft-drinks, etc. to a clientele consisting of local housewives who daily buy in small quantities ranging from one ounce up to one pound. Isoel’s store has been in operation for four years and has been in its present location for one year. He pays cash for the supplies he buys in the central supply market in Barranquilla twenty-five minutes away.

At present, this micro entrepreneur is asking for his first Fundación Mario Santo Domingo loan which he’ll use to buy merchandise to properly stock his store. His store earns good profits and he has good capacity to repay the loan. His goal for later on is to make improvements to the locale to provide a more commercial environment for his customers.
View original language description ↓
Isoel vive en el municipio de Soledad con su cónyuge, quien trabaja con él y sus dos hijos que se encuentran en las edades de 7 y 9 años respectivamente. Allí tiene una tienda donde vende ranchos, víveres, bebidas, refrescos etc, a una clientela, como las amas de casa de su sector, que compran diariamente en muy pequeñas cantidades, que van desde 1 onza hasta 1 libra. En este negocio Isoel tiene 4 años de funcionamiento y 1 de estar en ese lugar. Sus compras las realiza de contado en un mercado de abastos en el centro de la ciudad de Barranquilla, a 25 minutos de su municipio. En la actualidad el microempresario está solicitando su primer financiamiento a la Fundación Mario Santo Domingo con el cual comprará mercancías para surtir adecuadamente la tienda. Su negocio presenta buena rentabilidad y maneja una buena capacidad de pago. Su meta más adelante es mejorar las condiciones del local para brindar un ambiente más comercial a sus clientes.

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
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,923.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Isoel to buy stock merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 5, 2011
Listed
Oct 5, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012