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Eduardo Rafael
Eduardo is 53 years old and has a corner shop in Barranquilla, where he lives with his partner and three children (aged between 13 and 23 years old). Eduardo has 20 years experience in this business, having started it when he noticed that premises that had previously housed a shop had become vacant. He opened the shop and decided to sell food, supplies and basic staple goods, including miscellaneous products to attract attention. This brought in not just mothers but also young people and children looking for presents for their friends. Customers can buy on credit. Eduardo's dream is to progress with his business and to give his children a good education that will allow them to be successful in life. Eduardo has received two loans from the "Fundación Mario Santo Domingo", which he has used to buy drinks, supplies and food to replace the products in the shop which have the highest turnover. With good stock to satisfy customers' needs, Eduardo can generate more and more profits which will benefit his family.
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Eduardo de 53 años de edad, tiene una tienda miscelánea en Barranquilla, donde habita con su cónyuge y sus tres hijos en las edades de 13 a 23 años. Su experiencia data desde hace 20, cuando observando se dio cuenta que un local que había funcionado como tienda, lo desocuparon y ella decidió organizar esa infraestructura y darse a la tarea de vender ranchos, víveres, artículos de la canasta familiar, incluyéndole productos de miscelánea, para captar la atención, no solo de las madres de familia, sino también de jóvenes y niños, que les gusta encontrar regalos para sus amistades. Sus ventas las realiza de contado y sus metas son las de sacar adelante su microempresa y darle una estructura educativa de calidada sus hijo, que le permita tener éxito en la vida. En la actualidad Eduardo ha recibido dos financiamientos de la Fundación Mario Santo Domingo, mediante el cual comprará bebidas, víveres, ranchos, para reponer los productos que mas rotan en su negocio, teniendo inventarios, que satisfagan las necesidades de su clientela, para generar cada vez mas ingresos que beneficien a su familia.

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
  • 366
    View loans »
    Colombia Loans Fundraising
  • $14,070,600
    Funds lent in using Kiva
  • 1,839.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $825 helped Eduardo Rafael to buy drinks, supplies and food.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 21, 2013
Listed
May 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014