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William
William has a stationery and general provisions business in the city of Bogotá where he lives with his wife and three children between the ages of 13 and 21. He started his business seven years ago with a store selling snack foods and specific foods. He was gradually adding stationery items, and with that he managed to generate enough income for his family’s well-being.

However, he needs to make it grow even more because his children are growing, and he wants to give them a higher education that will empower their successful future.

His biggest challenge is achieving the family dream of prosperity. Facing the gradual increase in customers, he does not have enough capital to respond to this demand. That is why he turns to a Kiva loan, his first loan with the Fundación Mario Santo Domingo. He will use it to buy school supplies because the school season is approaching. He needs to have the appropriate stock for this season. He will take advantage of the great commercial roll-out in order to sell more, increase his income, and guarantee success in his investment.
View original language description ↓
William tiene un negocio de papelería y víveres en general en la ciudad de Bogotá, donde vive con su esposa y sus tres hijos en las edades de 13 a 21 años, su negocio inició hace 7 años con una tienda vendiendo ranchos, víveres al detalle, gradualmente fue adicionando artículos de papelería y con ello ha logrado generar los ingresos suficientes para el bienestar de su familia, pero necesita hacerlo crecer aun mas, porque sus hijos crecen y va a ofrecerles estudios superiores, que potencialicen su éxito futuro. Su mayor desafío para lograr su sueño familiar de prosperidad es que ante su gradual aumento de clientes, su capital es insuficiente para responder a esta demanda; esta es la razón por la cual recurre a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará útiles escolares, pues se acerca la temporada escolar y debe tener un surtido apropiado para esa época, que es de gran despliegue comercial y esto lo aprovechará, para vender mas, aumentar sus ingresos, garantizando así éxito en su inversión.

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
  • 252
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,805.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped William to buy school supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2012
Listed
Jan 31, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013