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Benjamin Rafael
Benjamin is a married man and father of six adult children who lives with his wife in the town of Sabanagrande. He is very dedicated to the land and to raising small farm animals. He still remembers how 16 years ago an old friend left him in charge of caring for a farm and he learned how to work with the livestock. Today he cultivates plants and sells them in his nursery located in the town where he gained his experience many years ago. He has many goals, but the main one is to grow his business because he plans to later make renovations to his home in order to be more comfortable.

This is his first loan with Fundación Mario Santo Domingo and it is a Kiva loan. With it he will buy plants and roots to grow vegetables, increase his sales potential, and grow his credit history since it has been difficult to obtain good financing without it. This is the reason behind his Kiva loan, with which he will overcome the difficult access to funding sources and he will increase his sales opportunities with a better offering of plants.
View original language description ↓
Benjamín es un hombre casado y padre de 6 hijos adultos, que vive con su cónyueg en el municipio de Sabanagrande. Él es muy dedicado a la tierra y a la cría de especies menores. Aun recuerda como hace 16 años un viejo amigo le dejó cuidando una finca y aprendió a trabajar en la ganadería. Hoy siembra plantas y las vende en su vivero ubicado en el municipio donde obtuvo su experiencia hace mucho tiempo. En la actualidad tiene muchas metas, pero la principal es la de crecimiento de su negocio, porque planea mas adelante, hacer remodelaciones a su vivienda para sentirse más confortable. Este es el primer financiamiento que hace a la Fundación Mario Santo Domingo y es un credikiva, con el cual comprará plantas y raíces, para cultivar vegetales, aumentar su potencial de ventas y crear su historial creditico, pues le ha sido difícil conseguir un buen financiamiento sin él. Esta es la razón de su credikiva, con el cual superará la dificultad de acceso a fuentes de financiación y aumentará sus posibilidades de venta con una mayor oferta de plantas.

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
  • 520
    View loans »
    Colombia Loans Fundraising
  • $14,939,450
    Funds lent in using Kiva
  • 1,780.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $650 helped Benjamin Rafael to buy plants and roots to grow vegetables.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2013
Listed
Jan 29, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014