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Ismael
Ismael is 56 years old. He lives in the city of Cartagena with his spouse and 3 children, aged 18 to 22. He has a chicha factory. He started when his wife would make rice chica with the neighbors on their block. When Ismael left is job as an inter-city bus driver, he observed in that activity a potential for growth and sustainability in his income to benefit his home. that was how they started to make chicha in greater quantities as well as to seek markets to sell it in. His first customers were the stores in the nearby neighborhoods. Little by little they gained ground, selling the product by the case, as they do now. His sister who lives in another city also has a business selling dairy products. She proposed that he sell cheese, whey and meat. With her support, because she made him a loan, and Ismael bought his first products from her and started selling those things as well in the city of Cartagena. It has gone well for him with these, because he makes weekly orders and sells new products that supplement the family income. With the previous loan with the Fundacion Mario Santo Domingo, Ismael bought beef and a lot of fish that he sold because he increased his inventory and his customers. Ismael tells the Foundation: “Thanks for helping and I hope you continue to do it." Right now he is applying for his first Kiva loan, with which he will buy pork again in a larger quantity because it is the product that he sells the most and it generates immediate income, which will make his Kiva loan a successful investment.
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Ismael de 56 años de edad, vive en la ciudad de Cartagena con su cónyuge y sus 3 hijos en las edades de 18 a 22 años. El tiene una fábrica de chichas, que inició su esposa cuando preparaba chicha de arroz, entre vecinas de su cuadra. Cuando Ismael dejó de ser conductor de buses intermunicipales, observó en esta actividad, un potencial de crecimiento y de sostenibilidad en sus ingresos para beneficiar su hogar. Así fue que empezaron a hacer chichas en mayor volumen y así mismo a buscar mercados para comercializarla; sus primeros clientes fueron las tiendas de los barrios cercanos y poco a poco fueron posicionándose, vendiendo el producto por cajas, como en la actualidad lo hace. Así mismo su hermana que vive en otra ciudad y se dedica al comercio de productos lácteos, le propuso vender queso, suero y carne, y con su apoyo, pues le otorgó crédito, Ismael le compró sus primeros productos e inició la venta de estos también, en la ciudad de Cartagena; con ellos le ha ido bien, pues hace pedidos semanales y vende nuevos productos que complementan su ingreso familiar. Ismael con su credito anterior a la Fundaci´n Mario Santo Domingo, compró carne de res y mucho pescado que vendió, porque aumentó sus inventarios y su clientela. Ismael dice a la Funación: “Gracias por su colaboración y que siempre lo sigan haciendo. En la actualidad está aplicando a su primer credikiva, con el cual comprará nuevamente carne porcina en mayor volumen pues es el producto de mayor volumen de ventas tiene y genera ingresos inmediatos, lo cual hace de su credikiva 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
  • 297
    View loans »
    Colombia Loans Fundraising
  • $14,007,675
    Funds lent in using Kiva
  • 1,850.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,625 helped Ismael to buy a larger quantity of pork.
96% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 26, 2013
Listed
Apr 19, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015