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Rafael
Rafael is a kind man who is committed to his drink-selling business which is located in the town of Soledad. He lives in this town together with his wife and three children who are between 7 and 12 years old. Rafael's business idea was born when he lost his job in a factory. He invested his severance pay in buying drinks and this business has enabled him to provide for his family. In his words: 'life has treated [me] harshly' and so he also learned the building trade and he combines this with his business. It helps him to stay in the market and continually improve his family's well-being.

Rafael currently plans to make the most of the end-of-year season which is very good for selling drinks. For this reason, he is applying for a Kiva loan (his first loan from Fundación Mario Santo Domingo). He will use it to buy soft drinks, beers, cookies and other products. His future goal is to own his own home. His biggest challenge is the fact that he has little capital with which to stock his business.
View original language description ↓
Rafael es un buen hombre dedicado a su negocio de venta de refrescos, ubicado en el municipio de Soledad, donde vive con su cónyuge y sus 3 hijos en las edades de 7 a 12 años. Su idea de negocio inició una vez quedó desempleado, cuando trabajó en una fábrica. Fue así como invirtió su liquidación en refrescos y bebidas, y con este negocio ha logrado sacar a su familia adelante. Como en su vida le “ha tocado duro” como él dice, aprendió también el oficio de albañilería, con el que combina su actividad y le ayuda a sostenerse en el mercado y lograr mejorar cada día más, el bienestar de su familia. En la actualidad, planea aprovechar la temporada de final de año, que es muy buena para vender especialmente refrescos y bebidas y por eso está aplicando a su credikiva, primer financiamiento que hace la Fundación Mario Santo Domingo, con el que comprará refrescos, cervezas, galletería entre otros artículos. Su meta más adelante es tener casa propia y su mayor desafío es el poco capital con el que cuenta, para surtir su negocio de acuerdo a la necesidad que trae cada temporada comercial.

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
  • 509
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,930.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Rafael to buy soft drinks, beer, cookies, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2011
Listed
Dec 16, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013