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José Del Carmen
José has a store and by means of it he’s gotten two loans from Fundación Mario Santo Domingo that he’s used to increase working capital to stock the store and be able to win over more customers. Since he started receiving the loans he’s had an excellent variety of stock. His accounts have increased and his quality of life has improved because his income is higher. José is very grateful because his store has more stock, his clients are more numerous and that’s very good for his income.

He’s currently applying for a Kiva loan to buy merchandise like foodstuffs, packaged snacks and soft-drinks in larger amounts to stock his store because there are products that have rotated out and he doesn’t have them. Having all the products on hand will increase ales which will make his Kiva loan a very successful investment.
View original language description ↓
Jose tiene una tienda y a través de ella ha obtenido dos financiamientos en la Fundación Mario Santo Domingo, con los que ha logrado aumentar su capital de trabajo y con ello surtir su negocio y de esa forma poder adquirir mas clientes. Desde que el empezó a recibir los créditos tiene un excelente surtido, sus cuentas se han incrementado y ha mejorado su calidad de vida porque sus ingresos son mayores. José está muy agradecido porque su negocio tiene más surtido, sus clientes son más y eso es muy bueno para sus ingresos. En la actualidad está aplicando a un credikiva, con el cual comprará mercancía para surtir su negocio como víveres, ranchos, refrescos, pues ya hay productos que han rotado y no cuenta con ellos, en mayor volumen para hacer su exhibición. Teniendo todos los productos aumentará sus ventas haciendo de su credikiva una muy exitosa inversión.

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
  • 256
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,879.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped José Del Carmen to buy stock merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2013
Listed
May 28, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014