Check out some available loans that are similar to this one!
Willman
Wilman, 43, lives in the city of Sabanalarga, where the locals say “La Inteligencia Es Peste” (Intelligence is blight). For 15 years, Wilman has made and sold corn rolls here, a skill he learned from his father who made his living this way as well. Later Wilman went to work for himself to earn income. He sells for cash and on credit to local merchants. He wants to grow his business but lacks the capital to achieve his goal. He is applying for a Kiva loan to buy wholesale supplies that will reduce his costs, make him more competitive, and make his investment successful.
View original language description ↓
Wilman de 43 años de edad, habita en el municipio de Sabanalarga, tierra donde sus oriundos dicen “ La Inteligencia Es Peste.” En este lugar, Wilman se dedica a la elaboración y venta de bollos de mazorca desde hace 15 años, que adquirió su experiencia trabajando con su padre, quien se dedicó al mismo oficio, para posteriormente independizarse y convertirlo e su propio generador de ingresos. En la actualidad vende a crédito y de contado a comerciantes de la región y quiere aprovechar su potencial de crecimiento, pero su capacidad de invertir no es suficiente para lograr su meta. Esta es la razón por a cual acude a un credikiva, mediante el cual comprará en mayor volumen, materias primas e insumos, reduciendo así sus costos de producción y lograr ser mas competitivo, lo que prevee una inversión exitosa.

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
  • 199
    View loans »
    Colombia Loans Fundraising
  • $13,129,225
    Funds lent in using Kiva
  • 1,822.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $550 helped Willman to buy wholesale supplies.
99% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 26, 2013
Listed
Mar 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014