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Manuel José
Manuel is nineteen years old and has two years of experience as a tradesman selling various products. He principally sells cosmetics, clothing, and footwear. This commercial activity is derived from that of his parents, who taught him this work from a young age. Little by little, they supported him in strengthening his own capital.

Manuel has won a fixed clientele, and they make standing orders. However, his working capital is insufficient to cover this demand a lot of the time, and he sells the majority of his products on credit. His expectation for growth is greater with help than if he works alone. This is the reason that he requests a loan.

This is his first financing with Fundación Mario Santo Domingo. He will buy electronic household appliances, clothing, footwear, and perfumes - these are the products that his clients have requested. Little by little, this will help him in growing his business, and he will be able to attain a stable economic situation and to continue studying in order to be successful in the future.
View original language description ↓
Manuel de 19 años, tiene 2 años de experiencia como comerciante de productos variados, el el vende cosméticos ropa y calzado principalmente. Su actividad comercial se deriva de la que realizaron sus padres, quienes le enseñaron desde muy niño esta tarea y poco a poco lo apoyaron en el fortalecimiento de su propio capital. Manuel ha ganado una clientela fija, que hace pedidos permanentes y muchas veces su capital de trabajo se torna insuficiente para cubrir la demanda, pues vende a crédito el mayor volumen de sus productos y su expectativa de crecimiento, es superior a sus posibilidades de hacerlo por si solo. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará electrodomésticos, ropa, calzado y perfumería, productos que han solicitado sus clientes y que poco a poco le ayudaran en el crecimiento de su negocio, para lograr una estabilidad económica y podrá seguir estudiando para ser muy exitoso en el futuro.

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
  • 283
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,832.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $650 helped Manuel José to buy electronic household appliances, clothing, footwear, and perfumes.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2014