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Julio Cesar
Forty-year-old Julio is a married man and the father of two children who are nine and eleven years old. He lives in the southern part of the city and he makes and sells whey and whey cream for a living, which he sells wholesale and retail. The raw material for his work comes from the department of Magdalena. This is the mixture he liquefies, mixes, and bottles in one-liter plastic containers for the whey and one-pound plastic containers for the whey cream. His main customers are his neighbors, friends, and middlemen, such as stores, street vendors, and bakeries, who come by daily to make their wholesale and retail purchases with money in hand, as the vast majority of his customers do. His greatest strength is his ability to maintain prices that are affordable for his buyers and the quality of his products. He works in his business with his sister-in-law, who is his partner, and they both have many dreams of growing their business. He is currently applying for a Kiva loan, which will be his first financing with Fundación Mario Santo Domingo. He will use it to buy whey starter to increase production and sales of his two star products, whey and whey cream. His goal is to have higher sales on credit and to sell in greater quantities to increase his clientele and, with that, to increase his business's profits, which help him improve his family's well-being.
View original language description ↓
Julio de 40 años de edad es un hombre casado y padre de 2 hijos en las edades de 9 y 11 años de edad, que vive al sur de la ciudad y se dedica a la elaboración y venta de suero y crema de leche, la cual vende al por mayor y al detal. Desde el departamento del Magdalena le viene la materia prima para su trabajo, que es la masa que el licua, mezcla y envasa, en recipientes plásticos hasta de un litro para el suero y de una libra para la crema de leche. Sus principales clientes, son vecinos, amigos e intermediarios, como tiendas, vendedores ambulantes y panaderías, que se acercan diariamente a realizar su compra al por mayor y al detal y con el dinero en la mano, como lo hace la gran mayoría de clientes. Su mayor fortaleza es el manejo de precios alcanzables para sus compradores y la calidad de sus productos. Su negocio lo desarrolla con su cuñada quien es su socia y ambos tienen muchos sueños de crecimiento empresarial. En la actualidad está aplicando a un credikiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, con el cual comprará al por mayor y de contado, masa de suero, para incrementar la producción y la venta de sus dos productos estrellas: El suero y la crema de leche. Su meta es lograr un mayor volumen de sus ventas a crédito y en mayor volumen para aumentar sus clientela y con ello las utilidades del negocio, que lo ayudan a aumentar el bienestar de su familia..

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
  • 305
    View loans »
    Colombia Loans Fundraising
  • $13,867,525
    Funds lent in using Kiva
  • 1,760.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Julio Cesar to buy whey starter wholesale and in cash.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 29, 2012
Listed
Mar 17, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 18, 2012