Check out some available loans that are similar to this one!
Francisco Javier
Francisco is 24 years old and has three years of experience selling men's clothing, in particular shirts, sweaters and footwear. Francisco is studying mechanics in a center for technical studies in the city. He is very friendly and because of his helpful nature with his friends, he has managed to forge a lot of friendships and it was from this that his inspiration was born: to set up his own business.

As his wife works in a private company, Francisco has also been able to attract customers among his wife's colleagues which strengthen his sales, with him working from Monday to Saturday for nine hours a day. He purchases his goods in cash and his customers are mainly friends or neighbors.

His short-term goal is currently to increase his stocks and have his own home. Francisco is applying for a Kiva loan, his first request for financing via the Fundación Mario Santo Domingo, which with he will buy men's sweaters, shirts and footwear, which will enable him to stock his business with more goods on display to suit his customers.
View original language description ↓
Francisco tiene 24 años de edad y tres de experiencia en el comercio de ropa para caballeros, especialmente camisas, suéteres y calzado. Francisco se encuentra estudiando mecánica en un centro de estudios técnicos en la ciudad, es muy sociable y por su comportamiento servicial con sus compañeros, ha logrado tener muchas amistades y de ello nació su inspiración, para iniciar su propio negocio. Como su esposa trabaja en una empresa privada, también capta clientes entre sus compañeros de trabajo que le fortalecen sus ventas, a crédito de lunes a sábados durante 9 horas diarias. Sus compras las realiza de contado y sus clientes son principalmente sus amigos y vecinos. Actualmente su meta a corto plazo, es ampliar sus inventarios y tener una casa propia. Francisco está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará suéteres, camisas y calzado masculino, lo cual le permitirá surtir su negocio con mucho mas inventario exhibido a la medida de su clientela

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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 482
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,940.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Francisco Javier to buy men's sweaters, shirts and footwear.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2013
Listed
Sep 8, 2013
Currency Exchange Loss:
Possible
Ended:
May 2, 2014