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Dorian Daniel
Dorian, 41 years of age, is a merchant who sells personal grooming products, groceries and clothing. He resides in the municipality of Galapa along with his wife and one son who is 11 years old. His experience dates back approximately 21 years, when he learned this business from his father. In his business he sells gels, talcum powder, soaps, toothpaste and personal grooming products in general, to customers in the city of Santa Marta and in the municipality of Galapa, in quantities such as by the dozen and by the box. His market is made up especially of shops and general stores and the occasional housewife, who are constantly placing orders to which Dorian must respond in a timely manner in order to be successful.

With the sales from his business, he covers his operating costs and household expenses, leaving a small profit margin which he invests in small quantities of products. However it is not sufficient for him to invest in larger volumes and expand his customer base. Thus he has turned to a Kiva loan, his first financing with Fundación Santo Domingo, through which he will purchase soaps, gels and personal grooming products. His Kiva loan's success will be to increase his purchasing power in order to buy, at a discount, a greater and more diversified volume of products, generating great profit margins.

His goal for the future is to have premises where he may store the merchandise he purchases. His biggest challenge is to increase his working capital, as well as his customer base.
View original language description ↓
Dorian de 41 años, es comerciante de productos de aseo personal, víveres y prendas de vestir; reside en el municipio de Galapa junto a su esposa y un hijo de 11 años de edad. Su experiencia data desde hace 21 años aproximadamente, cuando aprendió esta actividad de su padre. En su negocio vende gel, talcos, jabones, crema dental y en general productos de aseo personal, a clientes en la ciudad de Santa Marta y en el municipio de Galapa, en unidades de medidas como la docena y por cajas. Su mercado lo conforman especialmente las tiendas y misceláneas y alguna que otra ama de casa, que constantemente hacen pedidos, a los cuales Dorian debe responder oportunamente, para ser exitoso. Con las ventas de su negocio, cubre sus costos operativos y sus gastos familiares, quedándole un margen de utilidad que invierte en pequeñas cantidades, pero que no es suficiente para hacer compras en mayor volumen y expandir su clientela. Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprara, jabones, gel y útiles de aseo personal. El éxito de su credikiva es que aumentará sus posibilidades de compra con descuentos y en un mayor y diversificado volumen de productos, generando un mayor margen de utilidad. Su meta mas adelante es tener un local tipo depósito, donde mantener la mercancía que compra y su gran reto es ampliar su capital de trabajo, así como extender su clientela.

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
  • 505
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,757.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Dorian Daniel to purchase soaps, gels and personal grooming products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2012
Listed
Mar 26, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 20, 2013