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Joaquin
Joaquín is 58 years old and has been the owner of a drugstore since 2001, taking advantage of his 10 years of experience in this area. From a very young age, he has been attracted to everything related to health. For this reason, Joaquín studied to become a pharmacy manager and later worked for a long time at different laboratories. The products that he offers are medicines most requested in the community as a result of his marketing. Joaquín works Monday through Sunday from 9:00 A.M. to 9:00 P.M. He purchases his goods from the laboratory distributors and then sells them on credit or for cash. His dream of prosperity is to convert his drugstore into a large pharmaceutical distribution center directed at the neighborhoods in his town. On a personal level, he would like to improve the quality of life for his family.


Joaquín is currently applying for a Kiva loan, his first form of financing through Fundación Mario Santo Domingo. This will enable him to buy medicines so that he can meet the primary needs of his customers. His Kiva loan will increase his operating capital so that he can manage his inventory based on the turnover of the medicines.

View original language description ↓
Joaquín de 58 años de edad es propietario de una droguería desde el año 2001, aprovechando su experiencia de 10 años en esa área, pues desde muy joven sintió atracción de todo lo relacionado con la salud, por eso estudió para ser gerente de farmacia y posteriormente trabajó mucho tiempo en distintos laboratorios. Los productos que ofrece son los medicamentos que mas requieren en la comunidad objeto de su mercadeo. Joaquín trabaja de lunes a domingos desde las 9 de la mañana hasta las 9 de la noche, realiza sus compras en los laboratorios distribuidores y sus ventas las ofrece a crédito y de contado. Su sueño de prosperidad es convertir su droguería en una gran distribuidora de medicamentos dirigida a los barrios del municipio y a nivel personal brindarle aumentar la calidad de vida a su familia. En la actualidad Joaquín está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará medicinas para atender las necesidades primarias de sus clientes. Con su credikiva logrará aumentar su capital de trabajo y manejar un inventario más acorde con la rotación de los medicamentos.

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
  • 299
    View loans »
    Colombia Loans Fundraising
  • $13,783,825
    Funds lent in using Kiva
  • 1,900.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Joaquin to buy medicines.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2013
Listed
May 31, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014