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Tobias
Tobías, 65, works preparing food and selling soft-drinks, a business that arose when having moved from his place of birth he needed to find a way to earn a living. He was employed by a firm but did not earn enough so he decided to open his own business. He got a kiosk and making use of a friend who worked for a soft-drink firm he was able to get a cooler.

Because Tobías’ business has been located strategically in a business area his sales rose and gradually he moved forward. During 22 years’ experience Tobías buys everything he’s going to need very early in the morning and he opens his doors for business at 8am and goes until 6pm Monday through Saturday. His sales are 13% credit and 87% cash. His main customers are employees of surrounding firms that sell compressors, auto parts, etc.

His goal is to further develop his business diversifying his products more all the time to increase his clientele and the economic stability he requires so that later on he can acquire a house of his own. He’s currently applying for a Kiva loan, his first financing with Fundación Mario Santo Domingo that he will use to buy foodstuffs and ingredients to prepare his dishes in large amounts thus qualifying for discounts and avoid daily transportations costs and the task of having to make frequent purchases which is what will make his Kiva loan successful.
View original language description ↓
Tobias de 65 años de edad se dedica a la elaboración de comidas y a la venta de refrescos, negocio que surgió cuando procedente de su tierra natal, buscó la oportunidad de generar ingresos, empleado en una empresa y como no lo logró decidió emprender su propio negocio; así fue como consiguió un Kiosco y aprovechó que su amigo trabajaba en una empresa de refrescos, para conseguir el enfriador; como siempre El negocio de Tobias ha estado ubicado estratégicamente, en una zona empresarial, sus ventas se incrementaron y poco a poco fue surgiendo. Durante 22 años de experiencia, todas las mañanas muy temprano, Tobías hace sus compras de lo que requiere para cada día, su negocio abre sus puertas desde las 8 de la mañana hasta las 6 de la tarde de lunes a sábados. Sus ventas las realiza un 13% a crédito y un 87% de contado, sus principales clientes son empleados de empresas vecinas, que venden compresores, distribuidores de autopartes etc, Su meta es potencializar su negocio, diversificando cada vez mas sus productos, para lograr un aumento de su clientela y la estabilidad económica que requiere, para mas adelante adquirir su propia casa. En la actualidad está aplicando a un credikiva primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará víveres e insumos en mayor cantidad, para la preparación de las comidas, con el fin de ganarse los descuentos y evitar gastos diarios de transportes y la tarea frecuente de compra y justamente estos aspectos son las razones de éxito de su credikiva.

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
  • 562
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Tobias to buy ingredients and supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2012
Listed
Aug 22, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013