Check out some available loans that are similar to this one!
Hernanado
Hernando is 46 and lives in the city of Barranquilla. He lives with his wife and three children who are between the ages of 10 and 18. For the past five years he has had a store where he sells food, groceries, and general goods from the family food basket. His main customer base is located in the area where he lives. They purchase small quantities from him daily using cash in accordance with the families’ income.

His experience dates back to when he was an assistant in a store, and little by little he learned how to manage the business. He starts work at 5 a.m. and continues until 10 in the evening after the last customer leaves. He mainly makes his purchases in cash at the granaries and the market plaza where they give him good prices.

Lately his clientele has increased, and his inventory has been turning over quickly. Many customers come and buy out many of his products, which is why he is turning to a Kiva loan. This is the first loan at the Mario Santo Domingo Foundation. He will use the loan to purchase groceries such as rice, oil, sugar, cereal grains, and frozen meats.

Being fully stocked will increase his sales, and little by little he can achieve his goal of expanding the infrastructure of the premises, extending it to the corner of his home. That would make it more convenient for him and more comfortable for his customers, helping him build customer loyalty. He also wants to ensure the well being of his children.
View original language description ↓
Hernando de 46 años de edad, vive en la ciudad de Barranquilla, con su cónyuge y sus tres hijos en las edades de 10 a 18 años. Él desde hace 5 años tiene una tienda donde vende ranchos, víveres y en general artículos de la canasta familiar; su principal clientela está ubicada en el sector donde tiene su domicilio y quienes le compran de contado y en pequeñas cantidades diarias, de acuerdo con los ingresos que reciben de sus familias; su experiencia data desde cuando fue ayudante en una tienda y poco a poco aprendió la administración de estos negocios. El inicia sus tareas desde las 5 de la mañana y termina a las 10 de la noche cuando se va su último cliente. Las compras las realiza principalmente de contado en graneros y en la plaza del mercado, donde le ofrecen buenos precios; últimamente su clientela ha aumentado y sus inventarios rotan rápidamente, así es que muchos clientes llegan y se han terminado algunos de sus artículos, esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará víveres como: arroz, aceite, azúcar, granos, carnes frías, pues surtiendo aumentarán sus ventas, y logrará poco a poco cumplir su meta de ampliar la infraestructura locativa del negocio, hasta extenderlo hacia la esquina de su casa, con tal de lograr una mayor comodidad para él y un ambiente confortable a su clientela, en términos de conseguir su fidelización y poder ofrecer bienestar a sus hijos.

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
  • 277
    View loans »
    Colombia Loans Fundraising
  • $13,618,075
    Funds lent in using Kiva
  • 1,804.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Hernanado purchase staples such as rice, oil, sugar, grains, and frozen meats.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2012
Listed
Sep 24, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2013