Check out some available loans that are similar to this one!
Isaias
Isaías is 42 years old. He has a store and a bread bakery located in the same place in the town of Soledad, where he lives. When he started his business life he did it selling fritters in different points of sale and 2 years ago he acquired his store. There he sells lunches, groceries, produce and general family basic items. Little by little he bought more active capital and created his own bread bakery where he is working with a lot of success. In his bakery business he is paid up front and makes the bread and other products himself. He is helped by an employee with the sales in the store. His goal for the future is to acquire his own locale so that he is not subject to instability, like he is when renting. Right now he plans to access a Kiva loan, the first loan he has taken out with the Fundación Mario Santo Domingo. With it, she will buy raw materials to make bread and basic gamily basket items to stock his store. The success of this investment lies in the fact that he has working capital to make additional purchases to the ones he usually makes and thus he can offer interesting products that the family's in his neighborhood consume in well stocked display cases.
View original language description ↓
Isaías de 42 años de edad tiene una tienda y una panadería, ubicada en un mismo punto en el municipio de Soledad donde lugar donde habita. Cuando inició su vida empresarial lo hizo vendiendo frituras en diversos puntos de ventas y hace 2 años adquirió su negocio de tienda, vendiendo ranchos, víveres, abarrotes y en general artículos de la canasta familiar, poco a poco fue comprando mas activos fijos y creando su propia panadería, como actualmente la tiene y en la que se desempeña con mucho éxito. En su negocio de panadería, vende de contado, él mismo produce el pan y sus derivados y es apoyado por un empleado en las ventas que realiza en la tienda. Su meta más adelante es adquirir su propio local, para no someterse a la inestabilidad, que le significa el encontrarse arrendado. En la actualidad planea acceder a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará materias primas para elaborar pan y productos de la canasta familiar para surtir su tienda; el éxito de esta inversión radica en que con ella, tiene un capital de trabajo simultaneo al suyo, para hacer compras adicionales a las acostumbradas y con ello hacer una oferta interesante de productos que consumen las familias de su barrio, en unas vitrinas bien surtidas.

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
  • 492
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,758.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Isaias to buy ingredients to make bread and basic family basket products to stock his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2012
Listed
Mar 29, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013