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Felipe Santiago
Felipe is 44 years old and lives in the city of Cartagena. He makes a living selling fast food and has done this for 3 years when, as an observer, he identified the need to offer a nutritious and delicious fast food product. Initially he only sold patacones (fried plantains) with cheese and fried meat, but he gradually diversified his offerings, adding new lines of products like hamburgers, hot dogs, sausages with french fries, etc. Currently things are going very well for him and in the future a very organized business with more products than a restaurant is seen. His greatest challenge in meeting his growing demand is not having enough working capital to respond to it. This is the reason for which he turns to his Kiva loan with which he will buy raw materials and some fixed assets that he needs for his business, like plastic chairs and tables. The growth of his customers demands this and he is going to respond to it. This is just the successful reason of his Kiva loan, the first funding that he's requested from the Fundación Mario Santo Domingo and with which he will achieve the start of his rising path.
View original language description ↓
Felipe de 44 años de edad vive en la ciudad de Cartagena y se dedica a la venta de comidas rápidas, actividad que realiza desde hace 3 años, cuando como observador, identificó la necesidad de ofrecer un producto alimenticio de preparación rápida y exquisita. Inicialmente vendió solamente patacones, con queso y carnes frías, gradualmente diversificó su oferta agregando nuevas líneas de productos, como la hamburguesa, perros calientes, salchichas con papa frita etc. En la actualidad le ha ido muy bien y se ve en un futuro con un local muy organizado y con más productos de restaurante. Su mayor desafío para atender su creciente demanda, es no tener un capital de trabajo suficiente para responderle. Esta es la razón por la cual acude a su credikiva, con el cual comprará materias primas y algunos activos fijos, que necesita para su negocio, como sillas plásticas y mesas, porque el crecimiento de su clientela así se lo exige y él va a responderle. Esta es justamente la razón de éxito de su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo y con el cual logrará iniciar su camino ascendente.

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
  • 213
    View loans »
    Colombia Loans Fundraising
  • $12,876,400
    Funds lent in using Kiva
  • 1,757.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Felipe Santiago to buy raw materials and some fixed assets that he needs for his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2012
Listed
May 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013