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Cruz Inocencio
Cruz, 66, lives in Sabanalarga, a livestock farming municipality with very intelligent inhabitants. When asked where they are from, they say: "from Sabanalarga, where intelligence is a plague". For ten years, Cruz has been selling bags of water through direct distribution. He learned his trade from a company where he worked and gained much experience, which prompted him to become independent and establish his own business. He buys the water close to where it is produced and sells it on a cash basis to merchants.

His clientele has grown but he does not have enough capital to increase his purchases to sell more. Therefore, he is requesting a crediKiva loan, which is his first through the Mario Santo Domingo Foundation. The will allow him to buy more water and obtain larger discounts. The increase in profit will give his family more income.
View original language description ↓
Cruz de 66 años de edad vive en el municipio de Sabanalarga, municipio ganadero y de habitantes muy inteligentes y por ello los oriundos de esta población cuando le preguntan su origen dicen: ”de Sabanalarga donde la Inteligencia es peste” Cruz desde hace 10 años se dedica a vender bolsas de agua, mediante el sistema de distribución directa, actividad comercial que aprendió cuando trabajó con una empresa que realizaba esa misma actividad y tomó mucha experiencia, la cual lo llevó a independizarse y emprendió su propia aventura de negocios. Hoy realiza ventas de contado a comerciante y hace sus compras en un municipio muy cercano donde las producen. En la actualidad su clientela ha crecido y su capital de trabajo no es suficiente para aumentar sus compras y vender un poco mas, esta es la razón por la cual acude aun credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará agua en mayor volumen obteniendo así mayores descuentos y generando una mayor utilidad que beneficiará los ingresos de su hogar.

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
  • 163
    View loans »
    Colombia Loans Fundraising
  • $12,834,025
    Funds lent in using Kiva
  • 1,803.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Cruz Inocencio to buy more water.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2013
Listed
Mar 13, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2013