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Julio Alberto
Luis is 28 years old. He has a business where he offers copying services and sells candies and general food. He started his business 1 year ago hoping to generate new income on his own and filling the need in the neighborhood for a copying service. Little by little, he added food, taking into account the potential of the children who had nowhere to go to buy candy because the stores were far away. His goal is to grow and that is why he went to Fundación Mario Santo Domingo to apply for a Kiva loan, the first loan that he has taken out with this organization. With it, he will buy pastries, candy, cookies and ink for his copier. Luis is a hardworking young man. He starts his working activities around 10 in the morning until 8 at night Monday through Sunday. He does this to improve his quality of life little by little and make his business into his family's main source of income.
View original language description ↓
Luis de 28 años de edad tiene un negocio donde ofrece servicios de fotocopiaje y vende dulces y comestibles en general. Su negocio inició hace 1 años, con la expectativa de generar nuevos ingresos propios y atendiendo a la necesidad que había en el barrio respecto al servicio de fotocopiaje al que poco a poco agregó comestibles, teniendo en cuenta el potencial de niños que no tenían donde comprar sus dulces pues las tiendas están muy distantes. Su meta es lograr pleno crecimiento y por eso acude a la Fundación Mario Santo Domingo, para aplicar a un credikiva, primer financiamiento que hace a esta organización con el cual comprará mecatos, dulcería, galleta y tinta para abastecer su fotocopiadora. Luis es un joven muy trabajador, el inicia sus actividades productivas desde las 10 de la mañana hasta las 8 de la noche y diariamente de lunes a domingo, con el fin de mejorara poco a poco su nieve de vida y convertir su negocio en el ingreso principal de la familia.

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
  • 289
    View loans »
    Colombia Loans Fundraising
  • $13,837,125
    Funds lent in using Kiva
  • 1,780.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Julio Alberto to buy pastries, candies, cookies, and ink for his copier.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Jan 29, 2013
Currency Exchange Loss:
Possible
Ended:
May 7, 2014