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Luis Ramos
Luis, a 36-year-old, is the owner of a business that offers billiards and sells sodas and alcoholic beverages. Four years ago, he began the business after he was let go from the job where he was working. He used his unemployment earnings to begin the business. Initially, he bought the products through a friend who is a businessman until he met the suppliers. Now, he buys directly from them. Luis' goal is to make his business grow and bring his two children forward. His greatest challenge is having enough working capital to be able to buy the products that he sells in larger quantities. This is the reason that he has turned to a loan, his first funding from the Fundacion Mario Santo Domingo, with which he will buy sodas and beer in larger quantities. This way, he will be able to have enough inventory to provide the product that his customers enjoy the most: beer, especially when it is consumed in a place where they can also enjoy playing billiards with their friends.
View original language description ↓
Luis de 36 años es el propietario de un negocio donde ofrece servicios de juegos de villar y venta de refrescos y bebidas, desde hace 4 años, cuando lo inició al quedar cesante de la empresa donde se encontraba a trabajando como empleado y utilizó el producto de sus cesantías en el montaje de su negocio. Inicialmente compraba los productos a través de un comerciante amigo, hasta cuando se dio a conocer por sus proveedores y hoy lo hace directamente a ellos. La meta de Luis es hacer crecer su negocio y sacar adelante a sus dos hijos y su mayor desafío es tener un capital de trabajo suficiente, para poder comprar en mayor volumen los productos de su oferta. Esta es justamente la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará refrescos y cervezas en un mayor volumen, con el fin de tener inventarios suficientes para proveer a sus productos de lo que ellos más les gusta: La cerveza, especialmente consumida en un lugar donde también puedan divertirse jugando villar con sus amigos.

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
  • 269
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,887.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,325 helped Luis Ramos to buy sodas and beer in larger quantities.
99% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jun 21, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2014