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Ariel
Ariel is 48 and is a construction technician by trade. Five years ago he decided to open a store since in his area there were no businesses of this type. It was a good, profitable idea, because his sales have consistently been trending upwards. He recently acquired a cooler that holds 350 bottles, which has enabled him to increase his offerings of soft drinks, beer, other beverages and ice.

He lives with his wife and young daughter. He divides his time between running his store and managing his construction contracts. When he has to be absent from the store, his wife manages it in his place.

His dream is to continue growing his business and to put the finishing touches on his home. His financial records show a profit margin of 20%, and he depletes his inventory every 25 days.

Currently he is applying for his first loan with Fundación Mario Santo Domingo. He will use the loan proceeds to buy merchandise such as groceries, snacks and soft drinks in order to stock his store. This will also allow him to obtain wholesale discounts, which will guarantee the success of this loan.
View original language description ↓
Ariel de 48 años de edad es técnico en construcción y desde hace cinco años decidió abrir una tienda porque en el sector no habían negocios de ese tipo, la idea fue buena y prosperó, porque las ventas siempre han mostrado una tendencia creciente, recientemente adquirió un enfriador de 350 botellas, que le permite aumentar la oferta de refrescos, gaseosas, cervezas, hielo y chichas caseras, vive con su esposa y una pequeña hija. El alterna la atención de la tienda con los contratos de construcción que realiza, cuando debe ausentarse de la tienda, mientras su esposa queda al frente del negocio. Su sueño es seguir ampliando el negocio y terminar los acabados de su residencia, los indicadores financieros muestran un margen de utilidad del 20% y una rotación de inventario de 25 días. En la actualidad está aplicando aun primer financiamiento con la Fundación Mario Santo Domingo, mediante el cual comprará mercancía como ranchos, víveres y refrescos, para mejorar el surtido y obtener descuentos por mayor volumen en sus compras, lo cual garantizará el 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
  • 495
    View loans »
    Colombia Loans Fundraising
  • $14,967,400
    Funds lent in using Kiva
  • 1,798.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Ariel to buy merchandise such as groceries, snacks and soft drinks.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2012
Listed
Sep 24, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013