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Teofilo
Teófilo works selling general merchandise. He leaves home daily transporting chairs, tables and other merchandise in his cart displaying them throughout the town of Soledad where he lives with his family. Among the products he sells are rocking chairs, pillows, sheets, towels and small home appliances that he sells on credit to his neighbors and residents in the town where he lives.

He’s currently applying for a Kiva loan, his second Fundación Mario Santo Domingo financing that he’ll use to buy small home appliances and other merchandise to increase sales volume and have a larger inventory turnover. He will buy table fans, home appliances, pillows and merchandise needed by his customers that will sell immediately.

He’s very grateful to Fundación Mario Santo Domingo because the loan is of great use for him and he does it aiming at growing and improving his current business conditions like increasing working capital in order to have merchandise available for sale that will turnover quickly; this is what will make his Kiva loan have the success Teófilo expects it to have.
View original language description ↓
Teofilo se dedica al comercio de mercancía en general, el sale de su casa todos los dias y en su carretilla transporta sillas mesas, y otros articulos exhibiendolos por todo el el municipio de Soledad, donde habita con su familia. Entre los productos que vende están las mecedoras, las almohadas, sabanas, toallas y electrodomésticos menores que comercializa a crédito entre sus vecinos, habitantes del municipio donde habita. En la actualidad está aplicando aun credikiva, segundo financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará electrodomésticos menores y otras mercancías, para lograr el aumento del volumen de sus ventas y una rotación de inventarios mayor. Por eso comprará ventiladores de mesa, electrodomésticos almohadas y mercancías requeridas por sus clientes y que tienen una salida comercial inmediata. El se encuentra muy agradecido con la Fundación Mario Santo Domingo, porque el crédito es una gran ayuda para él y lo hace con el propósito de crecimiento y mejoramiento de sus condiciones empresariales actuales, como el incremento de su capital de trabajo y para tener una oferta de mercancías, que rote rápidamente y es que esto es justamente lo que hace que la inversión de credikiva, logre el éxito que Teófilo espera.

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
  • 290
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,799.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $575 helped Teofilo to buy small home appliances and other merchandise.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Oct 17, 2012
Currency Exchange Loss:
Possible
Ended:
May 7, 2014