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Paul Dario
Paul is 22 years old. He lives with his common law wife and their 3 children ages 1 to 7.

He has a business selling glasses, standard and luxury accessories, jewelry cases, silver and gold plated accessories. He learned this business from his father. When his father died in 2001, Paul took over the business that his father left him. In 2009 he moved to an busy commercial area near the professional soccer stadium in Barranquilla. From there, he was relocated and moved to a shopping area set up for street merchants to use without obstructing public spaces. His main customers are pedestrians, people who live in the neighborhood, tourists, soccer fans, etc. He makes sales in cash although he can also take credit.

His interest in growing his business is clear, and for this reason he is applying for a Kiva loan. This is his first loan through the Fundación Mario Santo Domingo. He will use it to purchase a greater than usual amount of glasses, luxury accessories, cases, costume jewelry, and silver and gold plated accessories so that his business is well stocked during Christmas and New Year’s, when his customers tend to have more money available. He plans to make this investment a success.
View original language description ↓
Paul de 22 años de edad vive con su cónyuge y sus tres hijos en las edades de 1 a 7 años, allí tiene un negocio donde vende gafas y accesorios formulados y de lujo, estuches fantasías, artículos de plata y accesorios en oro golfi. Negocio que aprendió de su padre cuando al morir en el año 2001 , Paul se encargó del negocio que este dejó y en el año 2009 se ubicó en un corredor comercial importante del estadio de futbol profesional de Barranquilla, de donde fue reubicado e instalado en un local comercial, destinado para que vendedores ambulantes ocupen sin obstruir el espacio público. Sus principales clientes son peatones, habitantes de la ciudadela del barrio, turistas, aficionados a los partidos de futbol, entre otros, a ellos les vende de contado aunque tiene también una cartera con créditos. Su interés de crecimiento empresarial es evidente y es por esto que en la actualidad, está aplicando a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará en mayor volumen que el acostumbrado, gafas y accesorios de lujo, estuches, fantasías, artículos de plata y accesorios en oro golfi, para tener surtido su negocio en la época de mayor disponibilidad de dinero que tienen sus clientes Navidad y fin de año y hacer de esta inversión todo un éxito..

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
  • $12,868,250
    Funds lent in using Kiva
  • 1,919.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Paul Dario to purchase larger than usual quantities of glasses, luxury accessories, cases, costume jewelry, silver and gold plated accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2011
Listed
Dec 28, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013