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Angel
Ángel is pleased after successfully managing his previous Kiva loans with Fundación Mario Santo Domingo. He states that the loans are issued at interests rates favorable to any micro business; therefore, he is once again requesting a loan to pay cash for flour, oil, sugar, eggs, and other necessary supplies to make the bread and puddings he sells at his business. This way he receives better discounts for prompt payment, which allows him to achieve higher profit margins. He also wishes to buy more groceries and basic supplies to stock the store located within the business.
View original language description ↓
Ángel se encuentra muy satisfecho después de haber manejado sus anteriores credikiva con la Fundación Mario Santo Domingo, expresa que es un dinero prestado con una tasa de interés que favorece a cualquier microempresario, es por esto que una vez más solicita un crédito para así seguir comprando de contado la harina, grasa, azúcar, huevos, entre otros insumos necesarios para la elaboración de los panes y pudines que vende en su negocio, de esta manera obtiene mayores descuentos por pronto pago, lo que redunda en un mejor margen de ganancia. También desea seguir invirtiendo en la compra de víveres y abarrotes para surtir la sección de tienda que posee dentro de su negocio.

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
  • 176
    View loans »
    Colombia Loans Fundraising
  • $13,225,875
    Funds lent in using Kiva
  • 1,770.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Angel to pay cash for supplies that he uses in his bakery and for resale groceries.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2012
Listed
Jun 9, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012