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Pedro Alvaro
51-year old Pedro earns his living by selling supplies, food, soft drinks, and cosmetics from a store in the town centre. He started his business after he arrived in Barranquilla from Bogotá, the lovely capital of Colombia. He had been transferred there in 1988 when he was working for a financial institution. This business eventually failed, but Pedro received some money for the time he’d worked. He used this money to buy a business which generated enough income to support his wife and two children, now aged 15 and 27.

Pedro recently started selling small appliances in his store. He bought them at good prices from warehouses, and they bring in additional income. His business has been in operation for 13 years, and the majority of the sales are for cash. As well, he has some suppliers who let him buy on credit. Sales are both in cash and on credit.

Through determination and hard work, Pedro has managed to acquire two spots in the public market. With the help of his wife who works for a state company, he has managed to provide his family with a good standard of living. One daughter has already qualified as a professional, while their son is still studying. A lot of effort and hard work has ensured that the family has a decent home.

Now Pedro is seeking a loan, the first he’s had with the Mario Santo Domingo Foundation, to buy supplies wholesale and in large quantities for lower prices which he can pass on to his customers, who are the reason why he is in business.
View original language description ↓
Pedro de 51 años de edad se dedica al comercio de víveres, ranchos, refrescos y cosméticos en un punto comercial en el centro de la ciudad. Su negocio inició cuando procedente de Bogotá, la linda capital de Colombia, llegó a la ciudad de Barranquilla, pues había sido trasladado en el año 1988, cuando trabajaba para una compañía, como profesional de la economía. Como a esta empresa posteriormente la liquidaron, el dinero que le entregaron por tiempo trabajado, lo invirtió en una actividad comercial, que le generará ingresos suficientes para sostener a su familia conformada por su esposa y dos hijos, hoy en las edades de 15 y 27 años. En su tienda de víveres, últimamente ha agregado electrodomésticos menores, que adquiere con precios de oportunidad en las promociones que hacen los almacenes y esto le representa un ingreso más. Su actividad comercial tiene 13 años de estar funcionando y en ella la mayor parte de sus ventas las hace de contado y también tiene algunos proveedores que le acreditan los productos que compra. Sus ventas las realiza en ambas modalidades, contado y crédito. Gracias a su constancia y a su espíritu de trabajo, ha logrado adquirir dos locales, en el mercado público, donde funcionan sus negocios. Con el apoyo de su esposa quien trabaja en una empresa estatal, ha logrado condiciones de bienestar para su familia, así tienen una hija que ya es profesional mientras su otro hijo cursa estudios, a quienes han logrado ofrecerles un techo digno, que es por lo que mas han realizado esfuerzos. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará víveres al por mayor, para continuar comprando por volúmenes, que le permitan obtener descuentos y trasladárselos a sus clientes, que son la razón de ser 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
  • 185
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,774.0
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $650 helped Pedro Alvaro to buy supplies at wholesale prices.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2012
Listed
Jun 24, 2012
Currency Exchange Loss:
Possible
Expired:
Jul 24, 2012