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Jorge Luis
42-year-old Jorge lives in Santo Tomás, a town in the department of the Atlantic, very close to the city of Barranquilla. There he owns a restaurant and also rents out chairs and tables for events, in addition to selling bricks. He started his business 8 year ago, when he became unemployed. He decided to obtain an independent source of income by selling soups, to which he gradually added meals. Then, six months ago, he started selling bricks and renting out chairs, in order to have multiple income sources. The community of Santo Tomás gives recognition to Jorge's businesses, because his ability to serve has gained him many customers. He currently needs to remodel the venue where his restaurant is located. That's precisely the reason why he requests a Kiva loan, his first loan with Fundación Mario Santo Domingo. With it he'll purchase construction supplies and other items so he can repair the roof of the restaurant. By doing that he'll provide more comfort for his clientele, which grows on a daily basis and demands better service.
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Jorge de 42 años de edad Habita en Santo Tomás, un municipio del departamento del Atlántico muy cerca a la ciudad de Barranquilla. Allí tiene un restaurante y también se dedica al alquiler de silla y mesas para eventos además de la venta de ladrillos. Su negocio inició desde hace 8 años cuando quedó desempleado y decidió generar ingresos independientes vendiendo sopas a las que poco a poco agregó comidas corrientes y desde hace 6 meses empezó los negocios de venta de bloques y alquiler de sillas, para generar ingresos múltiples. La comunidad de Santo Tomás reconoce los negocios de Jorge porque su capacidad de servicio lo ha hecho ganar muchos clientes. Hoy requiere remodelar el local donde se encuentra el restaurante y esta es justamente la razón para acceder a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará materiales de construcción y artículos para remodelar la cubierta del restaurante. Con ello brindará un mayor confort a su clientela que cada día se ensancha y requiere un mejor servicio.

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
  • 317
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    Funds lent in using Kiva
  • 1,809.3
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,125 helped Jorge Luis to purchase construction supplies and other items in order to repair the roof of the restaurant.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Mar 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014