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Daniel, a husband and father of two daughters, ages 18 and 22, works daily from 7 in the morning until 6 in the afternoon, on his own account, with the goal of buying his own home in the future. For three years, he has sold assorted merchandise, especially informal clothing, an idea that came about when he recognized his business capabilities. With a little working capital and a lot of discipline, he started offering assorted garments to neighbors and friends. Little by little, his efforts bore fruit, when his customer base grew. Many times his working capital is not sufficient to meet demand, because he sells on credit and he needs more liquidity to be timely with his customers and keep maintaining himself in the market. This is exactly why he is asking for a Kiva loan. This is his first financing from Fundación Mario Santo Domingo, with which he will buy shorts, T-shirts, sweaters, and pants that his customers have been asking for. He plans to reinvest his profits and save to achieve each one of his family's dreams little by little.
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Con la meta de mas adelante adquirir una casa propia, Daniel un esposo y padre de familia de 2 hijas de 18 y 22 años, trabaja diariamente desde las 7 de la mañana hasta la 6 de la tarde, por su propia cuenta: él vende mercancía variada, desde hace 3 años, especialmente ropa informal, idea que nació del reconocimiento que hizo de sus habilidades para el desempeño comercial. Con poco capital de trabajo y mucha disciplina inició ofreciendo artículos variados a vecinos y amigos, poco a poco sus esfuerzos dieron fruto, cuando creció su clientela. Hoy muchas veces su capital de trabajo no es suficiente para atender la demanda, porque vende a crédito y requiere mayor liquidéz para ser oportuno con su clientela y continuar sosteniéndose en el mercado. Esta es justamente la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará bermudas, camisetas, suéteres, y pantalones que han sido solicitados por su clientela, con ello planea reinvertir sus utilidades y ahorrar para poco a poco cumplir cada uno de sus sueños familiares.

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
  • 470
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,809.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Daniel to buy shorts, T-shirts, sweaters, and pants.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Feb 20, 2013
Mar 19, 2013
Currency Exchange Loss:
Dec 28, 2013