Check out some available loans that are similar to this one!
Carlos Santander
Carlos is a banana merchant who distributes from store to store around his town, Soledad, where he lives with his spouse and his six children who are aged between 1 and 16 years old. His business generates the income with which he meets the needs of his home, and he began it on his own initiative because he saw that this work produced good profitability. He sells green and ripe bananas by credit and cash in the supply centers.

His goal for the future is to have a large storage room in order to have inventory on hand with which he can respond to his customers appropriately and ensure that this increases. He is now applying for a Kiva loan, his first financing from the Fundación Mario Santo Domingo, with which he will buy green and ripe bananas in larger volume in order to respond to the growing demand. He considers this to be a success because it makes more capital available which allows him to provide more credits to his best customers and maximize his sales.
View original language description ↓
Carlos es un comerciante de bananos que distribuye de tienda en tienda, alrededor de su municipio, soledad donde vive con su cónyuge y sus 6 hijos, en las edades de 1 a 16 años. Su negocio genera los ingresos con los que satisface las necesidades de su hogar y nació de su propia iniciativa, pues observó que esta actividad producía una buena rentabilidad. El vende los bananos verdes y maduros, a crédito y los compra de contado en las centrales de abastos. Su meta mas adelante es tener un amplio cuarto de almacenamiento, para tener inventarios contantes, con los cuales responder a su clientela oportunamente y lograr que esta aumente. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará en mayor volumen, bananos verdes y maduros, para responde a su creciente demanda, lo cual considera un éxito, porque puede disponer de mas capital, que le facilite ofrecer mas créditos a sus mejores clientes y maximizar sus ventas.

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
  • 232
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,797.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Carlos Santander to buy green and ripe bananas in greater volume.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Oct 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 25, 2014