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Jaime
Jaime, age 27, owns a store located in the municipality of Puerto Colombia, on the shores of the sea. He lives with his wife and two children ages 2 and 4. At a very young age, Jaime started working as an assistant in a store owned by a merchant from the interior of the country. He gathered experience from his boss and his day-to-day work over four years. He then poured this experience into his own enterprise in a highly-populated sector with unpaved roads. Jaime says that he has enough experience and social understanding to offer a good service and accommodate customers who have scarce resources; he will sell just one tomato or a half bar of soap. On top of selling groceries, on the weekends he also sells beer, taking advantage of his municipality's tourist appeal. For this, he gives free rein for sharing music and turns on a powerful sound system, setting out plastic chairs and tables on his terrace. He says that "strangely, it is the poorest men who most consume liquor on the weekends; in keeping with the phrase, "No hay borracho pobre ni cobarde" ["There are no poor nor cowardly drunks"].
Jaime hopes to expand both his businesses. For this reason he is applying for a Kiva loan, his first loan from the Fundación Mario Santo Domingo. With it, he will purchase groceries, meat, and supplies, which will allow him to have an additional working capital with which to buy stock, improve his stock, and rotate his merchandise more rapidly. This will generate him a slightly higher income.
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Jaime de 27 años es la propietaria de la Tienda ubicada en el municipio de Puerto Colombia, a orillas del mar, lugar donde vive con su cónyuge y sus dos hijos en las edades de 2 y 4 años. Jaime desde muy joven, trabajó como ayudante de una tienda de propiedad de un comerciante natural del interior del país; de su anterior jefe y de las tareas diarias que desempeñaba, recopiló toda su experiencia, para 4 años después convertirla en su propio emprendimiento en un populoso sector de calles destapadas. Jaime afirma que tiene la suficiente experiencia y sensibilidad social para ofrecer un buen servicio y acomodar a todos los clientes que son de escasos recursos, pues él vende desde un tomate hasta media barra de jabón. Adicionalmente a la venta de víveres los fines de semana vende cervezas, aprovechando el potencial turístico de su municipio y por ello da curso libre a la música compartida y enciende un potente equipo de sonidos y ubica en su terraza, mesas y sillas plásticas. El comenta que “curiosamente los hombres mas pobres, son los que mas consumen licor los fines de semana, de ahí se cumple su refrán: “No hay borracho pobre ni cobarde” Jaime aspira a ampliar su negocio como en la venta de víveres como la de licores, por eso acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el que comprará víveres, carnes, abarrotes que le permitentener un capital de trabajo adicional con el cual comprar, mejorar el surtido y rotar mas rápidamente su mercancía, generando un poco mas de utilidades.

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
  • 303
    View loans »
    Colombia Loans Fundraising
  • $13,796,725
    Funds lent in using Kiva
  • 1,774.0
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $650 helped Jaime to buy groceries, meat, and supplies.
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2012
Listed
Jun 23, 2012
Currency Exchange Loss:
Possible
Expired:
Jul 23, 2012