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Alfredo
Alfredo, 61, lives in Malambo, part of the city’s metropolitan area, with his wife; he has a 35-year-old daughter. She owns a restaurant that she started five years ago when she left her job to start her own business venture. She’s done very well because she sells low-cost meals, grilled items and general food items that are prepared and served to housewives and general customers to be consumed by their families at lunch time. Sales as well as purchases are daily and cash. The purchases are done at granaries that he’d like to have a special relationship with by making larger volume purchases if he had enough cash to do so. This is the reason why he’s calling on a Kiva loan, his first financing with Fundación Mario Santo Domingo to buy foodstuffs, meats, vegetables, tubers, etc. to make the end-of-year festivities complete spectacles by preparing delicious, special meals that will delight the palates of his customers while making a bit more money. His goal for later on is to have his own locale which he’ll surely do because he strives hard at work so that this will happen.
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Alfredo de 61 años de edad, vive en el municipio de Malambo, área metropolitana de la ciudad con su cónyuge y tiene una hija en la edad de 35 años. Ella es propietaria de un restaurante, que inició desde hace 5 años, cuando su hija dejó de trabajar y emprendió esta aventura de negocio, con la que le ha ido muy bien, porque vende comidas corrientes, asados y en general productos alimenticios, preparados que sirven a las amas de casa y a toda su clientela en general, para ser consumidos en familias a la hora del almuerzo. Sus ventas las realiza de contado y diariamente, así como también sus compras, las que hace en graneros, con los cuales desea tener una relación especia, haciendo compras en mayor volumen si tuviera un mayor capital. Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará víveres, carnes, verduras, tubérculos etc, para hacer de las fiestas de fin de año todo un espectáculo, preparando deliciosas y especiales comidas, que deleiten el paladar de su clientela, mientras el gana un poco mas de dinero. Su meta mas adelante es tener su propio local y muy seguramente lo conseguirá pues se esmera en su trabajo, con el fin de que esto ocurra.

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
  • 494
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,832.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Alfredo to buy foodstuffs, meats, vegetables and tubers.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 23, 2012
Listed
Oct 30, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013