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Julian Antonio
Julián is thirty-six years old and lives in the municipality of Soledad, a metropolitan area of the city where he makes a living in selling various products, which he distributes between his clients on credit. He has been doing this for nineteen years, ever since he left high school and he felt the necessity to generate an imcome in order to satisfy his needs.

In his business, he began by selling a few things, but he has gradually added other items, like bags, footwear, household items, accessories, and lately, he also sells handmade yogurt, which the people love because it's very natural.

Because sales to customers are made entirely on credit, his working capital is insufficient to grow his customer base since he must wait to collect the money from accounts receivable before he can stock up his business. He is currently applying for a Kiva loan, and it is his first financing through Fundación Mario Santo Domingo. He will use the loan to buy clothing for women and men, especially women's footwear. He will prepare to respond to the requests of his customers for Christmas, a season in which families wait for the festivities to look elegant and to welcome in the new year.
View original language description ↓
Julián de 36 años de edad vive en el municipio de Soledad, área Metropolitana de la ciudad, lugar donde se dedica al comercio de productos variados, los cuales distribuye a crédito entre sus clientes, desde hace 19 años, desde que salió del colegió y sintió la necesidad de generar ingresos para satisfacer sus necesidades. En su negocio empezó a vender pocas cosas, pero gradualmente ha agregado, bolsos, calzado, artículos para el hogar, fantasía, y últimamente vende yogurt que preparan de manera artesanal y a la gente le gusta mucho porque es muy natural. Sus ventas las realiza a crédito en su totalidad y por eso su capital de trabajo es insuficiente para aumentar el numero de clientes, porque debe esperar a recoger su dinero, producto de sus cuentas por cobrar para poder surtirlo. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará ropa para damas, caballeros, calzado femenino especialmente, pues se prepara para responder a los pedidos de su clientela en esta navidad, época en la cual las familias esperan estas fiestas para lucir elegantes y darle la bienvenida al año nuevo.


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
  • 468
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,824.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Julian Antonio to buy clothing for women and men, especially women's footwear.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2013