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Adolfo
Adolfo is 60 years old and is the owner of a store located in the center of his town. There, he offers the public food and soft drinks among other things from his selection of familiar items. He started this business 18 years ago from a space in his home which is located very close to an intersection where a school is located and buses pass. This location strengthens sales specifically that of soft drinks, food, and confectionery among others.

He works from 6am to 10pm because he is a very hard worker that wants to accomplish his goals of entrepreneurial stability and the well being of his family. Adolfo's business has strong growth potential and he requires a permanent product offering thus requiring the adaptation of his location with the goal of offering the most comfortable products to his customers.

His greatest challenge, however, is not having enough working capital to invest in higher volumes and realizing the improvement of his locale. This is the reason why he seeks a Kiva loan with which he will purchase rice, oil, and cereals to improve his business in the hopes of employing a marketable presentation. He also hopes to increase the amount of inventory he has in stock and impact his sales by increasing the amount of customers served. He hopes that every time they purchase they return and are faithful.
View original language description ↓
Adolfo de 60 años de edad es propietario de una tienda ubicada en el centro del municipio donde habita; allí ofrece al público ranchos, víveres, refrescos entre otros artículos de la canasta familiar al detalle y de contado. Su negocio inició desde hace 18 años en un espacio de su casa, ubicada muy cerca a la vía donde circulan los buses y a una institución educativa, que potencializa las ventas, especialmente de refrescos y ranchos, víveres y confitería en general. Su trabajo lo desempeña desde las 6 de la mañana hasta las 10 de la noche, porque es un hombre muy trabajador que quiere lograr metas de estabilidad empresarial y bienestar familiar. El negocio de Adolfo tiene un potencial de crecimiento importante y requiere tener una oferta de productos exhibida permanentemente, así mismo requiere hacer adecuaciones a su local, con el fin de ofrecer una atención más confortable a su clientela. Pero su mayor desafío es no tener el capital de trabajo suficiente, para hacer esta inversión en mayor volumen y realizar el mejoramiento locativo. Esta es la razón por la cual acude a un credikiva, con el cual comprara arroz, aceite, cereales y adecuará sus instalaciones, porque espera mejorar su presentación, aumentar el surtido diario con inventarios en stock e impactar sus ventas con el aumento de una clientela bien atendida, que cada vez que compra regresa y es fiel.

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
  • 484
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,787.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Adolfo to purchase rice, oil, and cereal to improve his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 17, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 27, 2013