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Fabian
Fabian’s friends and neighbors motivated him to start his business, preparing and selling desserts and frozen treats in his neighborhood two years ago. His business grew little by little and now his refrigerator space is too small. This is the reason he has approached Kiva to request a loan. This will be his first loan through Fundación Mario Santo Domingo, which he will use to buy new supplies and ingredients because he plans to increase his production. He wants to improve his and his wife’s well-being. He will also be able to study for a professional career. His dream is have his own shop and position himself in the frozen treats and dessert market in a larger space. His youth is his greatest ally, along with his persistence and work discipline. His business’ doors are open from Monday to Sunday so that he can reach is higher purpose.
View original language description ↓
Los amigos y vecinos de Fabian lo impulsaron para emprender su negocio de preparación y venta de postres y congelados, hace 2 años entre sus vecinos del barrio. Poco a poco su negocio creció y hoy su espacio de refrigeración le ha quedado pequeño. Esta es justamente la razón por la cual acude a un credikiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, mediante el cual comprará una nevera y materias primas e insumos porque planea aumentar su producción, para generar más utilidades que le aumenten su bienestar y el de su cónyuge, y le permita estudiar una carrera profesional. Su sueño de prosperidad empresarial es tener un local propio y posicionarse en el mercado de congelados y postres en un área de acción más amplia y su juventud es su mejor aliado además de su persistencia y disciplina de trabajo pues su negocio permanece con las puertas abiertas, de lunes a domingos para alcanzar sus grandes propósitos.

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
  • 501
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,829.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $625 helped Fabian to buy supplies and ingredients.
99% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Mar 29, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 29, 2014