Check out some available loans that are similar to this one!
Gustavo Rafael
Gustavo, 26, lives in the town of Arjona in the department of Bolívar, which comes from a tri-ethnic group that developed in Colombia, with dark-skinned phenotypic characteristics in the town center and communities of Afro-Colombian descent.

Gustavo owns a variety store where he sells school supplies and offers Internet service. He has done this work for four years. When he didn't get a formal job, he decided to invest his own income in this business. He makes his sales in cash among neighbors and passersby; he also makes his purchases in cash, in the town plaza. His goal is to increase his sales and turn over his merchandise quickly so he can make repairs on his house.

Currently he's applying for a Kiva loan, his first financing with Fundación Mario Santo Domingo. He's going to buy school supplies and acquire new Internet service to make the most of the school season to increase his sales, as long as he adjusts his stock to the needs of the market.

This is precisely what he'll achieve with his Kiva loan, and it will be the reason for the success of his investment.
View original language description ↓
Gustavo de 26 años vive en el municipio de Arjona, municipio en el deparamento de Bolivar, que obedece a un grupo triétnico que se dio en Colombia, con características fenotípicas trigueñas en el casco urbano y comunidades de descendencia afrocolombiana. Gustavo es el propietario de una miscelánea donde vende artículos escolares y también ofrece el servicio de internet; esta actividad la realiza desde hace 4 años, cuando no consiguiendo empleo formal, decidió genera ingresos autónomos, mediante esta actividad. Sus ventas las realiza de contado entre vecinos y transeúntes así como sus compras, las cuales hace en la plaza del municipio. Su meta es lograr aumentar sus ventas y rotar su mercancía rápidamente, con el fin de hacer reparaciones locativas a su vivienda. En la actualidad está aplicando aun credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprara útiles escolares, y adquirirá un nuevo servicios de internet, aprovechando que se acerca la temporada escolar y con ello el incremento de sus ventas, siempre y cuando sus inventario se ajusten a las necesidades del mercado y esto es justamente lo que logrará con su credikiva y será la razón de éxito de esta inversión.

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
  • 472
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,777.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Gustavo Rafael to buy school supplies and to get new Internet service.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013