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Juan Carlos
Juan is 42 years old and lives in Arjona, a municipality of the Bolivar Department, with his wife and 2 children, 7 and 10. To support his family, he started his own business selling food, groceries, refreshments and other everyday products. His principal customers are housewives and neighbors to whom he sells groceries every day. Many years ago, Juan started this job selling bananas, yams and avocado and then began adding other products. He also offers transportation in his town with his Moto-Taxi. His business has done very well, but he’d like to expand and grow, and to do that, he needs capital. He’d invest in buying more products by volume in order to lower his costs. This is the reason he is requesting a Kiva loan – his 1st with the Mario Santo Domingo Foundation. With the loan he will buy meat, cheese, oil, coffee, chicken, grains, sugar, etc.
His goal is to invest in his retail business by adding more and more varied products that his customers ask for and that he doesn’t have.
His biggest challenge is to obtain enough capital to achieve his purpose.
View original language description ↓
Juan tiene 42 años de edad y vive en Arjona, un municipio del departamento de Bolívar, con su esposa y sus 2 hijos en las edades de 7 y 10 años respectivamente; para generar el sustento de su familia el emprendió su propio negocio, a través del cual vende al detalle ranchos, víveres, refrescos, abarrotes, entre otros productos de la canasta familiar. Sus principales clientes son las amas de casa y vecinos del sector, a quienes les vende de contado y diariamente, todo lo relacionado al consumo alimentario principalmente. Juan desde hace muchos años, emprendió este negocio inicialmente con plátano, ñame y aguacate, gradualmente empezó a agregarle otros productos y hoy además ofrece el servicio de transporte en el pueblo, a través de un vehículo llamado Moto-Taxi. En sus negocios le ha ido muy bien pero tiene el gran propósito de crecer y para ello requiere capital de trabajo, con el cual invertirle y ofrecer productos que compraría por volumen y con descuentos que abaratan sus costos. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el que comprará carne, queso, arroz, aceite, café, pollo granos, azúcar etc. Su meta es capitalizar su negocio de tienda y agregar cada vez más productos variados que piden sus clientes y con los que aun no cuenta en su exhibición; su gran desafió es tener el suficiente capital de trabajo para lograr sus propósitos.

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

  • $11,100
    Average annual income
  • 504
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,777.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Juan Carlos buy meat, cheese, rice, oil, coffee, chicken, grains, sugar, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2012
Listed
Feb 20, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012