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Jorge
Jorge, 56, is a merchant who lives to the south of the city with his wife. They have 2 children aged 23 and 32. He has a business selling snacks, groceries and liquor at retail, through a distribution system. In his family, all of his siblings have the same business and they all support each other. He obtains a greater volume of sales during the last months of the year, especially in the month of December when the Christmas festivities are approaching as well as the New Year celebrations. At this time of year, the families celebrate together dancing, eating and drinking liquor. It is during this season when he finds that his working capital is not sufficient to allow him to respond to the market, and so he is seeking his first Kiva loan through the Fundación Mario Santo Domingo. With this loan, he will buy groceries and liquor, so that he will be able to respond to his customers and have products available for their parties. His goal is to be able to have a warehouse especially for domestic merchandise that he would sell to the distributors.
View original language description ↓
Jorge de 56 años es un comerciante que vive al sur de la ciudad, con su cónyuge y tiene 2 hijos en la edades de 23 a 32 años. Su negocio es vender ranchos, víveres y licores al detalle, mediante el sistema de distribución. En su familia todos sus hermanos tienen también, el mismo negocio y se apoyan los unos a los otros. Su mayor volumen de ventas lo obtiene especialmente en los últimos meses del año y mas exactamente en el mes de Diciembre, cuando se acercan, las fiestas navideñas y para recibir el fin de año, pues las familias celebran unidas bailando, comiendo y bebiendo licor. Es en esta época donde encuentra que su capital de trabajo es insuficiente para responder la demanda de su mercado y por eso está acudiendo a su credikiva, primer financiamiento que hacer a la Fundación Mario Santo Domingo, mediante el cual comprará víveres y licores, con los cuales responderá a su clientela, para que esta dispongan de sus productos en estas fiestas. Su meta es lograr consolidar un almacén especialmente con mercancía nacional, para expender a todos los distribuidores.

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
  • 275
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,936.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Jorge to buy foodstuffs and liquor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 29, 2012
Listed
Jan 3, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 30, 2013