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Ramon
Ramon, 57, lives in the city of Cartagena, and he has a printing business where he also sells newsprint paper. His business is small, but it has significant growth potential, because he has gradually built a customer base and his customers refer him to others. This makes him very motivated to grow the business. He doesn't have enough working capital to finance his dream of expanding his business, and so this is why he applied for a Kiva loan. This is the first financing that he has arranged through the Fundación Mario Santo Domingo. With this loan, he will buy printing equipment so that he will be able to respond promptly and effectively to the demands of the market. Ramon's goal is to increase his printing contracts; his main challenge is to match the level of companies with greater production capacity.
View original language description ↓
Ramón de 57 años de edad vive en la ciudad de Cartagena y tiene un negocio de estampados y de venta de papel periódico., su negocio es pequeño pero con un potencial de crecimiento importante, porque poco a poco ha construido una clientela que lo refiere y esto hace que se sienta muy estimulado a crecer. Su capital de trabajo no es suficiente para responder a sueño ensanche de su microempresa, por eso está acudiendo a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará un equipo de estampado, con la cual planea responder oportunamente y de manera efectiva la demanda de su mercado. Su meta es aumentar el número de contratos de estampados y su mayor desafío es encontrarse a la altura de las empresas de mayor capacidad productiva.

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
  • 471
    View loans »
    Colombia Loans Fundraising
  • $15,266,875
    Funds lent in using Kiva
  • 1,816.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Ramon to buy printing equipment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2013
Listed
Mar 4, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2013