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Walter Rafael
Walter is 28 years old. Hei is a merchant and has his locale in his house where he lives with his spouse and 2 children, aged 1 and 4. Hestarted this work 10 years ago, when he decided to follow in his parents' footsteps, since they are also merchants. Today Walter sells varied merchandise such as sweaters, underwear, fans, and general hardware. He buys the products in specialized stores and sells them for cash to his neighbors and visitors to the neighborhood where he lives. They are his main buyers. His goal is to position his business in the market and grow more and more and finally acquire his own home. That is why he extended his hours of operation. He works from 9 a.m. until 8 p.m. every day to improve his family's wellbeing, which is his biggest motivation. Right now he is applying for a Kiva loan, the first loan he has taken out with the Fundación Mario Santo Domingo. With it, he will buy shoes, flip-flops and beauty products to please his customers and become more and more welll known among his neighbors who are his customers and who are purchasing with more and more frequency. This increases the potential for his Kiva loan being succesful.
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Walter de 28 años de edad, se dedica a la actividad comercial en un punto de venta en su domicilio, donde vive con su cónyuge y sus 2 hijos en las edades de 1 y 4 años. Su experiencia data de hace 10 años, cuando ideó seguir los pasos de sus padres quienes también se dedicaban al comercio. Hoy Walter vende mercancías variadas, como suéteres, ropa interior, abanicos, productos de cacharrería en general, que compra en almacenes especializados y vende de contado entre sus vecinos y transeúntes del barrio donde habita, quienes son sus principales compradores. Su meta es lograr el posicionamiento de su negocio en el mercado y crecer cada vez mas, para adquirir al final su propia vivienda, por eso extiende su horario de trabajo, desde las 9 de la mañana hasta las 8 de la noche, durante todos los días, con el fin de llevar cada vez mas bienestar a su familia, que es su mayor motivación. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará calzado, chancletas y productos de belleza, para complacer a su clientela y ganar cada vez más reconocimiento entre sus vecinos, que son sus mismos clientes y que cada vez mas aumentan la frecuencia de sus compras, potencializando que su credikiva sea una inversión exitosa..

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
  • 486
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,797.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Walter Rafael to buy shoes, flip-flops and beauty products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Oct 21, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2013