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William
William is 45 years old. He is the father of a nineteen year old daughter and he lives in the southern part of the city, where he has own drink store. The store is part of a family tradition. His parents had a store where they sold basic retail goods and cold drinks. Later, his brother took over the business, which he eventually sold. This is how William took advantage of this strategic spot to start his own drink store. It is located in a high-traffic pedestrian area, which provides his business with a chance to grow. A year ago, William took out his first loan with the Fundación Mario Santo Domingo [Mario Santo Domingo Foundation], which he used to make improvements to his business by cleaning up damp areas so that today he has a more comfortable environment for his customers. Among his next goals is fortifying his marketing strategy by opening a new sales point. He wants to take advantage of his experience to generate more sales and continue growing his business. Currently, he is requesting this Kiva loan, which will be his second loan with the Foundation, to purchase cases of beer, alcohol, and snacks so that he can prepare for one of his busiest times of the year, the month of May. May brings family and religious celebrations, which place a demand on his products. These demands, together with his experience, will make this investment very successful.
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William de 45 años, es padre de una hija en la edad de 19 y vive al sur de la ciudad, donde tiene su propia refresquería, producto de la tradición familiar pues sus padres tuvieron una tienda donde vendían al detalle artículos de la canasta familiar, refrescos y bebidas frías, posteriormente su hermano asumió este negocio, que finalmente liquidó y fue así como William aprovechó ese punto estratégico ara iniciar su refresquería, ubicada en un sitio muy transitado y de afluencia peatonal, que potencializa su crecimiento. Hace un año William accedió a su primer financiamiento con la Fundación Mario Santo Domingo y logró hacer adecuaciones a su negocio mejoró los espacios húmedos y con ello hoy ofrece un ambiente mas confortable a sus clientes. Entre sus metas está mas adelante, fortalecer su estrategia mercadológica, abriendo un nuevo punto de ventas, porque quiere aprovechar su experiencia para genera mas ingresos y continuar creciendo empresarialmente. En la actualidad está aplicando a un credikiva, segundo financiamiento que hace a la Fundación con él comprará cajas de refrescos, bebidas y pasabocas pues se prepara para una de las épocas mas concurridas por sus clientes, el mes de Mayo y sus celebraciones familiares y religiosas que demandan muchos de sus productos y hacen en unión con su experiencia, que esta inversión sea muy exitosa.

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
  • 153
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,765.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped William to purchase cases of beer, alcohol, and snacks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2012
Listed
May 22, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013