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Leonardo José
Leonardo, age 37, lives in the town of Soledad with his wife and their 11-year-old daughter. There he has a store where he sells snack foods and soft drinks, so he is able to take advantage of the flow of customers who make purchases each day. He relies on this income. Leonardo’s business experience started three years ago. He was recommended by workers at a major company that was in need of everyday household products. However, it was not easy to transport products from the market plaza. At that moment, Leonardo was offered a location where he could set up his shop. Now he is well-known in his neighborhood and in the surrounding areas. His customers know that he keeps his store organized.


Leonardo begins his work at 5 A.M. and continues until 5 P.M. His sales are conducted with cash or through a payment system in which he offers a company discount based on the worker’s salary. The customer must agree to the arrangement. Leonardo’s goal is to update his inventory so that he will have a diversified assortment of products by which he can always influence his customers. For this reason, he is applying for a Kiva loan, his first form of financing through Fundación Mario Santo Domingo. Leonardo will use the money to buy rice, sugar, oil, and general household products. He will also buy personal hygiene products and school supplies.


His investment will be successful because he will take advantage of this time to make adjustments to his inventory in response to market demand. Everything he does is with the purpose of generating more income for the welfare of his family.

View original language description ↓
Leonardo de 37 años de edad, vive en el municipio de Soledad con su cónyuge y su hija de 11 años. Allí tiene una tienda mediante la cual vende ranchos víveres, refrescos, aprovechando la clientela que compra al detalle día a día, porque sus ingresos así se lo requieren. Desde hace 3 años inició su experiencia de negocio, tomando como referencia a los trabajadores de una importante empresa que necesitaba los productos de la canasta familiar, y no era fácil su desplazamiento a la plaza del mercado. En ese momento contó con una oferta de un local de una empresa, donde se instaló y hasta la presente allí es muy reconocida en su barrio y en los sectores aledaños, quienes conocen que se encuentra en las instalaciones de esta organización. Ella inicia su día laboral desde las 5 de la mañana hasta las 5 de la tarde. Sus ventas las hace de contado y mediante libranzas, un sistema de descuento que aplica una empresa a los salarios de sus trabajadores, por autorización de los mismos. Su meta es lograr un surtido diversificado para actualizar su inventario e impactar siempre a su clientela. Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará arroz, azúcar, aceite y en general productos de la canasta familiar además de útiles de aseo personal y escolares. Su inversión tendrá éxito, porque aprovecha la época para ajustar su mercancía a la demanda del mercado, todo esto lo hace con el fin de generar cada vez mas bienestar su 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
  • 265
    View loans »
    Colombia Loans Fundraising
  • $13,601,850
    Funds lent in using Kiva
  • 1,780.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,125 helped Leonardo José to buy rice, sugar, oil, general household products, personal hygiene products, and school supplies.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
May 20, 2014