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Manuel Francisco
Manuel is 38 years old and lives in the southwest of the city. He has 3 children between the ages of 10 and 15 years old. He has a business through which he sells fruit in the many city neighborhood and with which he’s supported himself and his family. Initially he was an assistant in a cabinetry shop where he was for many years and got to know a lot of people. So when he decided to start his own business venture he approached them, and they became his first business clients in the market. Today he’s branched out to various city neighborhoods, and he needs to grow even more. Now he’s applying to his Kiva lender, and he will buy bulk quantities of one of the fruits that’s most requested by his customers in this season, avocados. He’s been working in this business for 11 years, and he knows it well. His dream for the future is to have his own home and to expand his business until he turns it into a well established distributor that can bring in more income for him and for many other vendors.
View original language description ↓
Manuel de 38 años vive al sur occidente de la ciudad y tiene 3 hijos en las edades de 10 a 15 años. Él tiene un negocio a través del cual vende frutas, en diversos barrios de la ciudad y con el cual se ha defendido para su sostenimiento y el de su familia. Inicialmente fue ayudante de un taller de ebanistería, donde estuvo por muchos años y conoció muchas personas, por eso cuando cuando decidió emprender su propia aventura de negocios y acudió a ellos, se convirtieron en su primera clientela doméstica para iniciar su mercado. Hoy se ha extendido por varios barrios de la ciudad y necesita crecer aun más. En la actualidad está aplicando a su credikiva, con el cual comprará en mayor volumen una de las frutas que mas le piden sus clientes, en esta época, como el aguacate, negocio al que se dedica desde hace 11 años y lo conoce muy bien. Su meta mas adelante es tener su propia casa y ampliar su negocio, hasta volverlo una distribuidora bien ubicada donde pueda generar mayores ingresos para él y para muchos mas vendedores.

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
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,942.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Manuel Francisco to buy avocados in bulk.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2011
Listed
Jan 2, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012