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Felix
Felix is 32 years old and works selling groceries. His main products are oil, rice, milk, sugar, cheese and sausages. Felix has worked in the grocery business since 1997, starting out in his family’s business in the city market, where he gained experience and learned from them. Felix managed to save enough to branch out on his own and start his own business, which he runs out of his home and where he is helped by his wife and children.

Everyone in the neighborhood knows Felix’s business so he is available from 7 in the morning to 7 in the evening to serve his customers who pay him in cash. He buys his stock in other Colombian cities where he finds good prices by buying in bulk.

Currently, his inventory cannot keep up with demand and he sells out quickly, which leaves him unable to sell to many of his customers. For this reason, he is requesting his first Kiva loan through Fundación Mario Santo Domingo. He will use the loan to buy dairy products, canned sausages, rice, oil and other grocery supplies. His goal is to improve his business to increase sales and increase his market presence. In the next few years he plans to buy his own home for his family, and his biggest challenge is to have enough money to do it.
View original language description ↓
Félix de 32 años de edad se dedica a la venta de víveres, sus principales productos son aceite, arroz, leche, azúcar queso embutidos, actividad que inició desde el año 1997, y que aprendió de su familia que también se dedica al mismo negocio en el mercado de la ciudad y de ellos tomó toda la experiencia porque en sus negocios también trabajó, logró ahorros y se independizó, ubicándolo en su domicilio donde es apoyado por su esposa y su sus hijos.
En su barrio todos conocen su negocio, por eso todos los días desde las 7 de la mañana hasta las 7 de la noche está listo para servir a su clientela a quienes les vende de contado, mientras él compra en otras ciudades del país donde encuentra buenos precios y lo hace por volúmenes. En la actualidad su demanda es superior a sus inventarios que rotan rápidamente y muchos de sus clientes se quedan sin ser atendidos; esta es la razón por la cual acuden a su primer financiamiento con Kiva en la Fundación Mario Santo Domingo, mediante el cual comprará, productos lácteos, embutidos enlatados, arroz aceite y otros víveres. Su meta es estructurar mejor su negocio para alcanzar ventas importantes y así poderlo ampliar en el mercado, porque en los próximos años planea comprar su propia casa para que su familia tenga un techo propio su mayor desafío es tener el dinero suficiente para lograrlo.

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
  • 262
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,804.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $625 helped Felix to buy dairy products, canned sausages, rice, oil and other grocery supplies.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2013
Listed
Feb 25, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014