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Benjamin
Benjamin, 52, owns a store where he sells snack food, supplies, soft drinks, and general household items in small amounts that his customers can afford. He and his family, made up of his partner and their 4 children, ages 13 to 25, live in the southwest of the city in a neighborhood that is slowly but surely emerging from the informal economy of its residents, who are mostly independent workers with big dreams of getting ahead through their families' education.

Currently, he needs to stock up his store because what he offers is in more and more demand every day and his inventory can't keep up with that pace due to a lack of the working capital he needs to make his business grow. That's exactly the reason that he's gotten involved with the Fundación Mario Santo Domingo [Kiva field partner] to request a Kiva loan, his first from this organization, with which he will buy home supplies, beverages, and meats in bulk so as to receive discounts and increase his earnings.

At work, Benjamin is busy manning the cash register and attending to his business from Monday to Sunday with few breaks. He makes his purchases on credit and in cash from suppliers that can offer him deals and opportunities to buy items at a discount. His most pressing goals are to make certain repairs to his business, as he's focussed on providing a comfortable environment for his customers when they come in to shop and, ultimately, to have his own home, which is definitely one of his main struggles.
View original language description ↓
Benjamin de 52 años de edad tiene una tienda donde vende ranchos, víveres, refrescos y en general artículos de la canasta familiar, en pequeñas proporciones que su clientela puede comprar. El y su familia, conformada por su cónyuge y sus 4 hijos en las edades de 13 a 25 años, vive al suroccidente de la ciudad, en un barrio que poco a poco sale de la informalidad de sus habitantes, quienes son principalmente trabajadores independientes, con grandes sueños de salir adelante, mediante la educación de su familia. En la actualidad necesita surtir su negocio porque la demanda de los artículos que ofrece crece cada día más y sus inventarios no resisten tanta solicitud, por su insuficiente capital de trabajo para responderles y hacer que su negocio crezca. Esta es justamente la razón por la cual se acerca a la Fundación Mario Santo Domingo, para solicitar un credikiva, primer financiamiento que hace a esta organización, mediante el cual comprará víveres, bebidas y cárnicos, para obtener descuentos y aumentar sus ingresos. En su negocio Benjamín realiza las ventas de contado y se desempeña en su labor comercial, de lunes a domingos, con pocos descansos; las compras las realiza a crédito y de contado a distribuidores de sus productos, que le hacen buenas ofertas y le ofrecen oportunidades de acceso a artículos, con descuentos y a créditos. Su meta mas adelante es hacer reparaciones locativas a su negocio, porque él esta esmerado en hacerle a sus clientes un ambiente confortable, cuando le van a comprar y finalmente tener una casa propia, lo cual es muy seguramente uno de sus grandes desafíos.

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
  • 302
    View loans »
    Colombia Loans Fundraising
  • $13,796,725
    Funds lent in using Kiva
  • 1,800.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Benjamin to buy home supplies, beverages, and meats for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2012
Listed
Sep 26, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013