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Alejandro Rafael
Alejandro, aged 30, lives with his wife and two daughters aged 5 and 8. They have a fruit stand, which he started when he began selling mangoes and plums in front of a school. His biggest market were the children who came out of the school at the end of the school day.

As he didn't have many customers during the kids' holidays, he decided to go sell on the street. This was how he proposed to the administrator of a business that he sell a variety of fruit in the transportation center that she managed. He noted to her that he would maintain a good stock which would meet the needs of the passengers. It was in this way that he started at this location, and today he has been here for six years.

As things continue to go much better for him, he feels satisfied. However, his plan for growth is greater than his working capital, which is the reason why he's come for a Kiva loan. This his first financing through Fundación Mario Santo Domingo, with which he will purchase a greater volume of fruit so as to have a diverse stock at the fruit stand that his wife tends to at their home. He will also improve his fruit cart, and purchase uniforms to show his hygienic food handling together with an excellent business image. This is precisely what will justify the success of his investment.
View original language description ↓
Alejandro de 30 años vive con su esposa y sus dos hijas en las edades de 5 y 8 años; tienen una frutera, la cual inició cuando se le ocurrió vender mangos y ciruelas frente a un colegió, donde su mayor mercado eran los niños cuando salian del colegio al terminar s jornada educativa. Como en las vacaciones de los muchachos no tenia clientela, decidió irse a vender por la calle y fue así como le propuso la administradora de una empresa que se quedara a vender variedades de frutas en la puerta de la transportadora que ella dirigía, anotándole que debía mantener un buen surtido, que respondiera a las necesidades del viajero. Y así fue como empezó en este lugar y hoy lleva 6 años de estar ahí. Como cada le va mucho mejor, se siente satisfecho, pero su plan de crecimiento es mayor que su capital de trabajo, esta es la razón por la cual acude a su credikiva, primer financiamiento que haca a la Fundación Mario Santo Domingo, mediante el cual comprará frutas en mayor volumen, para tener un diverso surtido en un punto en su casa donde atenderá su esposa, también mejorará el carro de frutas y comprar uniformes para mostrar su pulcritud en el manejo de los alimentos, acompañada de una excelente imagen comercial y esto es justamente lo que justifica el éxito de 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
  • 299
    View loans »
    Colombia Loans Fundraising
  • $13,785,050
    Funds lent in using Kiva
  • 1,766.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Alejandro Rafael to purchase a greater volume of fruit, to improve his fruit cart, and to purchase uniforms.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2012
Listed
Mar 20, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013