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Fredy
Fredy is 42 years old and lives in a community that combines formal and informal activities with the social life of the neighborhood, made up of building and homes, many of them constructed with the help of the federal government, home to a great number of families.

There in the middle of this infrastructure, Fredy has been in business for 16 years, selling shoes, toys and he owns a photocopier, offering photocopying services, directly to consumers located around his neighborhood and especially in the area where he lives.

He buys and sells in cash, and so he gets a higher discount when buying in larger quantities. The Christmas and New Year holiday season is approaching, a season when families spend more, so there is a lot of money in circulation.

Fredy buys in volume to meet the demand and it becomes a challenge which is why he is asking for a Kiva loan, his first financial arrangement through Fundación Mario Santo Domingo. He will buy with cash toys that his customers have ordered as Christmas presents to be given to their children on the night of the 24th of December, the birthday of Jesus. His goal is to increase his income and this is why he gets up every day with a lot of enthusiasm to carry on and fill it with happiness.
View original language description ↓
Fredy de 42 años de edad, vive en una comunidad que combina espacios productivos formales e informales, con la vida social del barrio, conformado por edificaciones y viviendas, muchas de ellas construidas con el apoyo del estado nacional, donde habitan un importante número de familias. Allí en medio de toda esta infraestructura, Fredy tiene 16 años de realizar una actividad comercial, mediante la cual vende calzado, juguetería y además tiene una fotocopiadora, con la que ofrece el servicio de fotocopiaje, directamente al consumidores ubicado en los alrrededores de su barrio y especialmente en el sector donde habita. Sus ventas las realiza de contado, así como sus compras, por las cuales gana descuentos cuando lo hace en mayores volúmenes. Se acercan las fiestas navideñas y de noche buena, época en la que el consumo de las familias aumenta, pues hay mucho dinero circulante. Para Fredy comprar en el volumen que responda a su demanda, se vuelve todo un desafío, por eso acude a un credkiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará al por mayor y de contado juguetes, que su clientela le ha encargado, para ser entregados como aguinaldos a sus hijos, en la noche del 24 de Diciembre, día del nacimiento de Jesús. Su meta es aumentar sus ingresos y es por ella que se levanta diariamente con mucho ánimo para cumplirla y llenarse de felicidad.

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
  • 279
    View loans »
    Colombia Loans Fundraising
  • $13,618,075
    Funds lent in using Kiva
  • 1,787.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Fredy to buy toys with cash to sell to his customers who have ordered Christmas presents for their children.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Dec 21, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2013