Check out some available loans that are similar to this one!
Diomedes
Diomedes, who is 32, lives with his wife and 10-year-old son south of the city of Barranquilla. He runs a business selling food, snacks, soft drinks and basic household goods to families, the majority of whom live close to his shop. Diomedes set up his business over two years ago in rented premises because, having an enterprising spirit, he felt drawn to self-employment where he would no longer be an employee and could be his own boss. He has achieved this by gradually acquiring tools and fixed assets which he now owns. His shop is open for business daily and is staffed by himself and his wife, both of whom share the ambition of buying the premises which they are currently renting. His greatest challenge is not having sufficient working capital to achieve his goals. These are to invest in stock with higher turnover, to buy in greater quantities, so as to reduce the frequency of his purchases and qualify for bulk cash purchase discounts. As a result, he will be able to generate higher profits. Having increased his buffer stock and delivered greater choice to his customers, and feels that his business has grown thanks to the funding he has received from the Mario Santo Domingo Foundation. He has this message for the organisation: "Thank you for your support which has been a great help in allowing me to remain in business". He is currently applying for a Kiva loan because he wants to take full advantage of his shop's very busy street-corner location by setting up a fast-food outlet to generate new income. With the Kiva loan Diomedes will make purchases of sauces, sausages, meat and supplies for the sale of hotdogs, hamburgers and kebabs and he will gradually add other items for which there is a demand amongst his customers. His investment will be successful because he will capitalise on the current market situation and the potential daily footfall. Furthermore, he is making the investment during a carnival period, a time when such products sell in greater quantities.
View original language description ↓
Diomedes de 32 años, vive con su cónyuge y su hijo de 10 años de edad al sur de la ciudad de Barranquilla, donde se dedica al comercio de víveres, ranchos, refrescos y productos de la canasta familiar, entre familias que habitan principalmente alrededor de su tienda. Diomedes inició su negocio desde hace más de dos años en un local arrendado, porque su espíritu emprendedor, lo direccionaba hacia una actividad independiente en la que dejara de ser empleado y llegara a ser su propio jefe, como lo ha logrado en la actualidad, pues gradualmente ha ido comprando herramientas de trabajo, activos fijos, que hoy son de su propiedad. En su negocio vende diariamente y es atendido por él y su cónyuge, ambos tienen como meta futura, comprar el local donde están arrendados. Su mayor desafío es no tener el capital de trabajo suficiente, para cumplir rápidamente sus propósitos, de inversión en los artículos de mayor rotación en la tienda y en mayor cantidad, y poder disminuir la frecuencia de compras y ganar descuentos por invertir en volúmenes, de contado, generando así una mayor utilidad. Diomedes aumentó sus inventarios y respondió a sus clientes con más variedad de productos, siente que su negocio ha crecido y esto es gracias a sus financiamientos con la Fundación Mario Santo Domingo. Él dice a esta organización: “Gracias por su apoyo que me ha servido de mucho, para mantener el negocio“. En la actualidad está aplicando a un credikiva, porque quiere aprovechar su ubicación, pues se encuentra en una esquina muy transitada, para ubicar una venta de comidas rápidas y generar un nuevo ingreso por este concepto. Diomedes con su credikiva comprará salsas en mayor volumen, embutidos, carnes e insumos, para vender perros calientes, hamburguesas, chuzos y poco a poco agregará lo que su clientela exija. Su inversión será exitosa, porque aprovechará el mercado actual y el potencial que transita diariamente por ese sector, además de que la hace en una temporada de carnaval, época en la cual se venden estos productos en una mayor cantidad.

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
  • 469
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    Funds lent in using Kiva
  • 1,777.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Diomedes to make bulk purchases of sauces, sausages, meat and supplies for the sale of hotdogs, hamburgers, kebabs.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 27, 2013