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José
José, 26, lives in the town of Puerto Colombia on the shores of the Caribbean Sea with his family composed of his wife and six-year-old daughter. In this environment of beach, breeze and sea, José has a store where he sells basic staples needed for daily consumption at retail at prices and in ways his neighborhood customers can afford and manage. The sector José is located in is very popular and his store has no competition so he needs to take advantage of this market strength. In the two years since he started, clientele has grown and his sales are on a rising trend.

José’s personal growth story is a beautiful one because he’s from very humble, rural origins. He arrived in the city of Barranquilla looking for a better future ten years ago and started working as a domestic employee. He then became a helper in a store and used his own savings and a loan he got from his boss to open his own business.

His success is due to all the knowledge he’s gotten ever since he was an employee, especially relating to kind service and low prices. He recently ventured into wholesale sales in other businesses and he’s been very well-received. His goal now is to start home delivery service in which he also has experience.

Definitely, José is one of those people who despite their poor academic background have “a nose for business.” His dream at present is that his business prosperity does not cease and he’s using his first Kiva loan, his first financing from Fundación Mario Santo Domingo to buy merchandise like groceries, foodstuffs, snacks, soft-drinks and basic staple items in general because he aims at buying in large amounts to qualify for volume purchase special discounts and continue competing with low prices and selling at wholesale and retail.
View original language description ↓
José de 26 años de edad vive en el municipio de Puerto Colombia a orillas del Mar Caribe, con su familia conformada por su cónyuge y su hija de 6 años de edad. En este ambiente de playa, brisa y mar, José tiene una tienda donde vende artículos de la canasta familiar al detalle, en los precios y las medidas que la clientela alrededor de su barrio, necesita para consumirlo diariamente. El sector donde se encuentra ubicado José es muy popular, su negocio no tiene competencia y él necesita aprovechar esa fortaleza en el mercado, pues desde hace 2 años en los cuales inició su clientela ha surgido y la tendencia a sus ventas se incrementa en escala ascendente. La historia de superación de José es una bonita, porque de extracción humilde y campesina llegó a la ciudad de Barranquilla, buscando un mejor futuro hace 10 años y comenzó a trabajar como empleado doméstico, posteriormente fue auxiliar de tienda y con sus propios ahorros y un préstamo que le hizo su patrón, dio apertura a sui propio negocio. Su éxito se debe a todo el conocimiento que tiene desde que fue empleado, en especial lo del trato amable y precios bajos. Recientemente incursionó en la línea de venta al por mayor en otros negocios y ha tenido mucha acogida. Su meta ahora es implementar el servicio a domicilio, en el cual tiene también experiencia. Definitivamente Jose es una de esas personas que con poca formación académica tienen “olfato para los negocios”. En la actualidad sus sueño de prosperidad empresarial no cesan y está aplicando a su primer credikiva, que también es el primer crédito con la Fundación Mario Santo Domingo, mediante el cual comprará mercancía como abarrotes, víveres, ranchos, refrescos y en general artículos de la canasta familiar, pues aspira a comprar en un mayor volumen para obtener descuentos especiales y continuar compitiendo con precios bajos y vendiendo al por mayor y al detal.

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
  • 359
    View loans »
    Colombia Loans Fundraising
  • $14,083,800
    Funds lent in using Kiva
  • 1,818.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped José to buy merchandise to stock his store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2012
Listed
Aug 30, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013