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Joaquin
Joaquín is 73 years old and has store, his experience begins since 1948 when as a young man he worked in different neighborhoods of the city and gained experience and saved money as he was paid his daily wages. Once he had enough money he decided to start his own business venture in a neighborhood in the southern part of the city where he was for 6 years until he moved and with great effort saved more money and was able to buy a bus. He then dedicated himself to transportation and 35 years later decided to start a small neighborhood grocery store in the northern Barranquilla, when he had enough money he was able to buy his own home and opened a small space and started his business. Today he sells basic household items, 30% of his sales are on credit and 70% are cash. He buys his merchandize daily cash down in the city and from companies that bring their items to his store as he makes his order. His goal is to expand his store and to leave his children a legacy of hard work and entrepreneurship. At present, Joaquín needs a loan through the Fundación Mario Santo Domingo, he will buy merchandize, groceries and basic household goods to stock his displays and shelves with more items since many times he does not have enough capital and is in need of having some stock. He is always willing to please his customers to continue his business and to fulfill his dream of success.
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Joaquín de 73 años tiene una tienda, cuya experiencia se remonta dese al año 1948, cuando desde pequeña trabajaba en varios barrios de la ciudad y fue adquiriendo experiencia y guardando dinero, que le cancelaban de su tarea diaria. Una vez reunió el dinero suficiente decidió emprender su propia aventura de negocio en un barrio del sur de la ciudad, donde estuvo durante 6 años, hasta cuando cambió de sector y con grandes esfuerzos atesoró un poco mas de dinero y logró comprar un bus urbano, que le enfocó su dedicación al transporte, para después de 35 años ubicar nuevamente su tienda en un barrio al norte de la ciudad de Barranquilla y cuando reunió dinero, para comprar su propia casa, abrió un local e instaló su negocio y se estabilizó. Hoy vende artículos de la canasta familiar, un 30% lo hace a crédito y un 70% de contado. Sus compras las realiza en graneros de la ciudad diariamente, de contado y en empresas que llevan las mercancías hasta su tienda mediante su pedido. Su meta es ampliar su tienda y dejarle un legado a sus hijos de trabajo y emprendimiento. En la actualidad está aplicando a un crédito con la Fundación Mario Santo Domingo, mediante el cual comprará víveres, abarrotes, y en general productos de consumo masivo, para surtir sus vitrinas y estantería en mayor volumen, porque muchas son las veces que se queda sin capital y necesita tener un stock de artículos, siempre dispuestos a complacer a su clientela para continuar sosteniéndose en el mercado y lograr su propósito de crecimiento.

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
  • 364
    View loans »
    Colombia Loans Fundraising
  • $14,070,600
    Funds lent in using Kiva
  • 1,810.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Joaquin buy merchandize, groceries and basic household goods to stock his displays and shelves with more items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2012
Listed
Aug 31, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 25, 2014