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Javier Gregorio
Javier is 23 years old and found himself selling fish and cheese as an alternative means of income to help support the household as his mother was widowed two years ago. Every two days he goes to a port located 2 hours from the city. He buys and distributes fish to his customers who have pre-purchased it. His principal customers are neighbors in his area and those referred from other areas whom he has been able to convert into regulars owing to the freshness of his product.

Javier has also started selling cheese and he distributes it to both stores and families who buy it by the kilo. As his customer base gets to know the quality of these products they place more orders, but his working capital is the first obstacle to overcome. He doesn't have enough to cover "the entire amount that may be ordered," and this is the reason why he went to CrediKiva. This is his first financing, made by the Fundación Mario Santo Domingo, with which he will buy fish and cheese wholesale. With his CrediKiva he'll increase his working capital and with it his sales volume, in order to bring greater well-being to his family as, in the end, this is his most main goal.
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Javier de 23 años de edad, encontró en la venta de pescado y queso, la alternativa de ingresos para ayudar al sustento de su hogar, pues su madre quedó viuda hace dos años. El cada dos días va a un puerto ubicado a 2 horas de la ciudad, compra y reparte pescado entre sus clientes a los que previamente ha hecho su preventa. Sus principales clientes son vecinos del sector y referidos de otros sectores, que ha logrado convertir en clientes fijos, debido a las condiciones de frescura del producto. Javier también ha incursionado en la venta de queso y lo distribuye en tiendas y familias que lo compran por kilos. En la medida en que su clientela conoce la calidad con los que trata estos productos, hacen más solicitudes, pero su capital de trabajo se convierte en el primer desafío por superar, pues no alcanza a cubrir a “todo el que le haga un pedido”; esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará en mayor volumen, pescado y queso. Con su credikiva aumentará su capital de trabajo y con ello el volumen de sus ventas de contado, para traer más bienestar a su familia pues finalmente esa es su gran meta.

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

  • $11,100
    Average annual income
  • 483
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,795.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Javier Gregorio to buy fish and cheese, wholesale.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2012
Listed
Jul 31, 2012
Currency Exchange Loss:
Possible
Ended:
May 7, 2014