Check out some available loans that are similar to this one!
Ariel
Ariel is 49 years old. He lives in the south side of town with his family, which is made up of his family, his wife and two children, aged 3 and 13. Two years ago, Ariel started a business selling groceries on credit. He had worked for 24 years in a photography business where he lost his job. He decided to become independent by selling basic necessity products to his neighbors and friends. With them he was recommended and his customers slowly grew in number. He buys directly from wholesalers and gets good discounts, selling on credit. Because of this, he doesn't always have the working capital he needs to respond to his growing and potential clientele. That is why he has turned to a Kiva loan, the first loan he has taken out with Fundación Mario Santo Domingo. With it, he will buy groceries and cleaning products, because he plans on increasing his sales again by offering competitive prices, because he will pass the discounts from his suppliers on to his customers. His goal is to duplicate his sales so he can finish his home and finally offer his family a better well being.
View original language description ↓
Ariel tiene 49 años de edad y vive al sur de la ciudad con su familia conformada por su esposa y sus dos hijos en las edades de 3 y 13 años. Desde hace 2 años, Ariel inició el negocio de vender víveres al crédito, pues estuvo empleado 24años en una empresa de fotografía donde perdió su trabajo y decidió ser independiente vendiendo productos de primera necesidad entre sus vecinos y amigos, Con ellos su clientela fue referida paulatinamente y ha crecido; él compra directamente a los mayoristas y obtiene buenos descuentos, y vende a crédito, por lo cual no siempre tiene el capital de trabajo para responder a su creciente y potencial 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 víveres, productos de aseo, porque planea aumentar una vez más sus ventas, ofreciendo precios competitivos, porque trasladará los descuentos de sus proveedores al desarrollo de su clientela. Su meta es duplicar sus ventas para terminar de adecuar su vivienda y finalmente ofrecer a su familia cada vez un mayor bienestar.

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
  • 484
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,816.7
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $650 helped Ariel to buy groceries and cleaning products.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2013
Listed
Mar 4, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014