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Manuel
Manuel lives to the south west of the city with his wife and their 12 year old son. In this same place he has a shop where he sells everyday family items, in small quantities in accordance with the buying possibilities of his customers, principally neighbours from his neighbourhood. His customers meet, talk and share while they do their daily shopping, as each shop is a cultural meeting point in this neighbourhoods of the city. Companionship between all is noticeable., especially among the housewives in their daily chores.

He started his business a year ago, making the most of his wife's experience in this type of business activity thanks to her family traditions and the opportunity they saw in this highly commercial area, as there was no competition and neighbours had to travel to other areas. His daily activities start at 6:30 am and carry on until 9:30 pm, Monday to Sunday. He does all this in the hopes of generating more income progressively to provide his family with better well-being.

His future goal is to have his own well stocked shop but for this he needs to grow and to have enough working capital, which he does not yet have. This is the reason he is requesting a loan, his first loan cycle with the Fundación Mario Santo Domingo. With this loan he will buy food items, snacks, drinks, cans, cold meats, to stock his business, potentiating his sales to new customers who continually find all they need for their day to day living in his shop. This is just the reason why his Kiva loan will be so successful.
View original language description ↓
Manuel habita al suroccidente de la ciudad con su cónyuge y su hijo en la edad de 12 años; allí en ese mismo sitio, tiene una tienda donde vende artículos de la canasta familiar, en pequeñas cantidades, de acuerdo con las posibilidades de compra de sus clientes, que son principalmente vecinos del barrio, quienes se congregan, conversan y comparten, mientras hacen sus compras diarias, porque cada tienda es un punto de encuentro cultural en los barrios de la ciudad, donde la camaradería se desborda entre quienes allí concurren , especialmente las amas de casa en su diaria tarea. Su negocio inició desde hace 1 año, aprovechando la experiencia de su esposa en este tipo de actividad tradición de su familia y la oportunidad que percibieron en un punto de mucho impacto comercial, pues no tenia competencia y los vecinos debían trasladarse a otro barrios cercanos. Su tarea diaria la realiza de lunes a domingos, desde las 6:30 de la mañana hasta la 9:30 de la noche y todo esto es con el fin de generar cada vez más ingresos, para sostener a su familia con un mayor bienestar. Su meta más adelante es tener un local propio y bien surtido, pero requiere crecer y para ello necesita suficiente capital de trabajo, con el que aun no cuentan. 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: " víveres, ranchos, bebidas, refrescos, enlatados, embutidos, cárnicos, para surtir su negocio, potencializando la venta a nuevos clientes, que cada vez encuentren en su negocio, todo lo que necesitan para el consumo diario. Y esta es justamente la razón de éxito de su financiamiento con Kiva. .

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
  • 178
    View loans »
    Colombia Loans Fundraising
  • $12,858,150
    Funds lent in using Kiva
  • 1,777.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Manuel to buy food items, snacks, drinks, canned drinks, cold meats.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Feb 4, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013