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Jader
Jader is 30 years old. He lives in San Juan Nepomuceno with this wife and his 6-year-old son. In this town he has a business where he sells basic products for the family at retail to the families located in the area. With his business he has been able to provide for his family and he has been making gradual progress. Not everything has been easy. When he started out, he did it with money lent at a high cost, little merchandise, and buying things with high turnover that sold quickly because he had to pay quickly. Almost all of his earnings wound up in other people’s hands. His wife has been his greatest strength. Without her he couldn’t have gotten his work done, because she has helped him in his work, while he simultaneously also works in bricklaying and motorcycle mechanics, among other things that he has learned and which have generated income that have been important for growth. He is now requesting a Kiva loan, his first loan from Fundación Mario Santo Domingo, which he will use to buy grocery items that will diversify his inventory and will guarantee a permanent inventory for responding to his customers’ requests; they often leave dissatisfied because Jader doesn’t have things in his store and this is a big challenge, as is not having sufficient capital. With his Kiva loan he will achieve this, which will improve the success of this investment.
View original language description ↓
Jader de 30 años de edad vive en San Juan Nepomuceno, con su cónyuge y su hijo de 6 años. Allí en esta población tiene un negocio donde vende artículos de la canasta familiar al detalle, dirigido a las familias que están ubicadas a su alrededor. Con su negocio ha logrado el sustento de su hogar y ha progresado paulatinamente, pues todo no ha sido fácil: cuando inició lo hizo con capital prestado a un alto costo, poca mercancía y comprando artículos de mayor rotación que muy pronto vendía, teniendo que pagar rápidamente y casi todas sus ganancias quedaban en manos de particulares. Su cónyuge ha sido su gran pilar, sin ella no hubiera podido lograr desarrollar sus tareas, porque le ha ayudado en este trabajo, mientras simultamentente y de manera estacionaria se dedica también a las tareas de albañilería, mecánica de motos, entre otras, que ha aprendido y con las que ha logrado generar ingresos importantes para crecer. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará víveres, que diversificaran su oferta y garantizaran un inventario permanente para responder a los pedidos de sus clientes, quienes muchas veces se van sin lograr su satisfacción, porque Jader no tiene en su tienda y esto es un gran desafío, como también el de no contar el capital de trabajo suficiente, para responderles y con su credikiva lo logrará, razón que potencializa el éxito de esta 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

  • $11,100
    Average annual income
  • 513
    View loans »
    Colombia Loans Fundraising
  • $14,940,300
    Funds lent in using Kiva
  • 1,761.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Jader to buy grocery items to diversify his inventory.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2012
Listed
Mar 23, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012