Check out some available loans that are similar to this one!
Billy
Billy, 19, has owned an Internet Café for less than two years. He offers network access, photocopying services, scanning and mobile phone calls. His business is located in the municipality of Galapa, a town in the Barranquilla metropolitan area.

Billy wants to improve the services he offers customers. Even though he has available modules, he lacks the computers to put into them and customers often leave because they can’t satisfy their need to connect to cyberspace.

For Billy, insufficient working capital is his greatest challenge and the reason why he’s calling on a Kiva loan, his first financing from Fundación Mario Santo Domingo to buy a new computer and start to better respond to customer demand.

Billy is very hardworking. The business is open from 8 in the morning until 10 at night. Purchases are cash and credit in a stationery shop in Barranquilla and sales are strictly cash and depend on how long the customer uses the equipment to access the Internet. Billy dreams with having a more spacious, well-equipped locale to offer more comfort to customers; it’s something that’s more than deserved and precisely the goal to reach.
View original language description ↓
Billy de 19 años de edad, desde hace menos de dos años es la propietaria de un café internet, donde ofrece acceso a las redes, servicio de fotocopiaje, escaneo y llamadas a celulares; su negocio ubicado en el municipio de Galapa, población área metropolitana de la ciudad de Barranquilla. Billy quiere mejorar la oferta de servicios a sus clientes, pero aunque cuenta con módulos disponibles, no tiene computadores para ubicarlos en ese espacio y su clientela muchas veces se va, porque no logra la solución a sus necesidades de comunicación en el ciberespacio. Para Billy el insuficiente capital de trabajo para hacer esta inversión es su mayor desafío, 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 un nuevo computador y con ello empezará poco a poco a responder a las necesidades de su clientela. Billy es muy trabajadora, ella da apertura a su negocio desde las 8 de la mañana hasta las 10 de la noche; sus compras las realiza de contado y a crédito en las papelería de la ciudad de Barranquilla y sus ventas son de estricto contado y dependen del tiempo en el cual utilice su cliente su equipamiento y acceda al internet. Billy sueña con tener un local mucho más amplio y bien acondicionado, para ofrecer más confort a su clientela, que bien se lo merece y eso es justamente a lo que ella quiere llegar.

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
  • 306
    View loans »
    Colombia Loans Fundraising
  • $13,782,800
    Funds lent in using Kiva
  • 1,787.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Billy to buy a new computer.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2012
Listed
Aug 16, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013