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Carlos
Carlos is 54 years old. He is married, he lives in the town of Cartagena and has 4 children aged between 24 and 27 years of age. He is a retailer and he also owns a shop where he sells basic necessities such as snacks, canned food, sausages and so on. Thanks to this activity he has succeeded in providing for his family. He came up with his entrepreneurial many years ago, while he was engaged in selling fruits in a small stall located in the town’s market and he suffered an accident: a donkey bit him in the face, and as he could not keep on working standing in the sun, he decided to sell basic necessities to his neighbors from his own house. This activity has been going very well but his expectations of growth are higher that his working capital can allow him: for this reason he invests money from the loans in his activity, having already received 3 loans from the Fundación Mario Santo Domingo. He has been working for 4 years with this organization, gradually growing as well. He is now requesting a loan to buy large quantities of food, liquors and drinks such as beer to stock up his shop with the products he gets more requests for in the Christmas and New Year seasons. This is precisely his reason for asking for a loan for his shop, due to the high success rate of his activity, as well as those of growing as a micro entrepreneur.
View original language description ↓
Carlos de 54 años de edad es un hombre casado que vive en la ciudad de Cartagena y tiene 4 hijos en las edades de 24 a 27 años. Es también el propietario de una tienda, mediante la cual vende productos de primera necesidad al detalle, como ranchos, víveres enlatados, embutidos etc. negocio con el que ha logrado el sostenimiento de su familia. Su idea emprendedora empezó hace muchos años, cuando se dedicaba a la venta de frutas en un pequeño puesto en el mercado de la ciudad. Allí tuvo un accidente pues un burro le mordió la cara y como no podía continuar asoleándose, se ideó el vender productos de la canasta familiar, desde su propia casa a los vecinos; con este negocio le ha ido muy bien, pero sus expectativas de crecimiento, son superiores a su capital de trabajo por eso inyecta a su negocio, dinero de crédito y ha recibido de la Fundación Mario Santo Domingo3 financiamientos; con esta organización tiene 4 años de estar vinculado y ha ido creciendo gradualmente; hoy está solicitando un credikiva, para comprar en mayor cantidad, víveres, licores y refrescos como cerveza, para surtir su negocio con mercancías, que son las que mas rotan en las épocas navideñas y de año nuevo. Esta es justamente su razón para aplicar un crédito a su negocio pues la probabilidad de éxito es alta y así mismo de su crecimiento como empresario de la microempresa.

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
  • 232
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,925.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Carlos to buy large quantities of food, liquors and drinks to stock up his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2011
Listed
Dec 28, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013