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Jorge
Jorge, 37, has a store in the town of San Jacinto where he lives with his wife and three children aged 12 to 15 years. He observed that basic staples were hard to get in the sector where his store is now located. He took advantage of a vacant locale and decided to meet this market need for his neighbors.

Prior to opening the store in this neighborhood, Jorge looked for the best possible location for it which is why it produced good results when he moved it from where it hadn’t been doing too well. To date, his store has been in operation for four years and his goal is to continue persisting in its growth.

This is the reason behind his Kiva loan request, his first financing from Fundación Mario Santo Domingo that he’ll use to buy basic staple items like rice, oil, sugar, coffee, etc. He plans thus to increase sales and make his Kiva loan the best investment of the period.
View original language description ↓
Jorge de 37 años de edad, tiene una tienda en el municipio de San Jacinto, donde habita con su cónyuge y sus tres hijos en las edades de 12 a 15 años. Mediante la observación encontró deficiencias de productos de la canasta familiar, en el sector donde hoy se encuentra su tienda y aprovechando un local desocupado decidió dar respuesta a esa necesidad del mercado de sus vecinos. Jorge antes de iniciar con la tienda en este barrio, estuvo ubicando el mejor espacio comercial para hacerlo, por eso le dio resultado cuando trasladó su negocio del lugar donde no prosperaba. Su negocio hoy, tiene 4 años y su meta es continuar persistiendo en su crecimiento. Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará artículos de la canasta familiar como arroz, aceite, azúcar, café, etc. Con ello planea incrementar sus ventas y hacer de su credikiva la mejor inversión del periodo.

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
  • 278
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,839.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Jorge to buy basic staples to stock his store.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2013
Listed
May 21, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 23, 2014