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Yonnis Alberto
Yonnis is 38 years old and owns a store located south west of the city, where he lives with his wife and their 3 children, ages 6 through 17. He has 4 years experience in running stores but it was just in 2010 that he began his own store, investing little by little and generating more income each day. Initially, he sold products brought from a neighboring country which he distributed among many businesses and families in the surrounding areas.

At present, Yonnis is beginning to sell groceries daily in quantities adjusted to what his clientele can pay, creating a good commercial opportunity. He purchases groceries and meats from the storehouses of ranches, and sells them in his store. These articles are the items most in demand in his store. He sells 80 % for cash and 20 % for credit, between the hours of 6:00 am and 10:00 pm, Monday through Sunday. His principal customers are residents of the barrio, especially women, who daily carry home the purchases of the day, obtained from Yonnis' store, to prepare meals for their families.

Yonnis' goal is to increase sales, but his major challenge is to obtain sufficient working capital to achieve that. That is why he is presently applying for a Kiva loan, his first financing through the Fundacion Mario Santo Domingo, to purchase a larger volume of groceries, soft drinks, liquors, and meals, in order to obtain discounts and diminish transportation costs. The frequency with which, until recently, he has been forced to make purchases, made his expenses higher. With this Kiva loan, he will buy in larger volume and reduce the frequency of purchases. This is what will make his present investment more successful.
View original language description ↓
Yonnis de 38 años de edad es el propietario de una tienda ubicada al sur occidente de la ciudad, donde vive con su cónyuge y sus 3 hijos en las edades de 6 a 17 años. El tiene 4 años de experiencia en tiendas, pero solo hasta el año 2010 inició su propia aventura, invirtiendo poco a poco y generando cada día más ingresos. El inicialmente vendía productos traídos desde un país fronterizo que distribuía entre muchos negocios y familias de su alrededor. En la actualidad emprendió su punto comercial, donde vende con una frecuencia diaria, víveres en cantidades ajustadas a lo que puede pagar su clientela, haciendo del detalle un buen ejercicio comercial. El compra en los depósitos de ranchos, víveres y carnes, y los vende en su local. Estos artículos son los que mas rotan en su local y vende el 80% de contado y el 20% a crédito, en los horarios de 6 de la mañana a 10 de la noche y desde lunes a domingo; sus principales clientes son sus vecinos en el barrio, especialmente mujeres, quienes diariamente llevan a su casa la compra del día, realizada en la tienda de Yonnis, para elaborar las comidas que preparan a sus familias. Su meta es la de incrementar sus ventas, pero su mayor desafío, es tener el capital de trabajo suficiente para lograrlo, 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,víveres, refrescos, licores y ranchos, para ganar descuentos y disminuir los costos de transporte, por que la frecuencia diaria que hasta hoy viene aplicando, hace que los gastos sean superiores a si hoy con su credikiva, compra en mayor volumen y disminuye la frecuencia de compra y esto es lo que hace que esta inversión sea de mayor éxito.

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
  • 486
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,786.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Yonnis Alberto buy in larger volume, groceries, soft drinks, liquors, and meals to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2012
Listed
Aug 14, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 19, 2013