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Deyner
Deyner lives in a municipality of the metropolitan area of Barranquilla. He has been selling pork and mutton for the past year. His uncle suggested this business in which he must travel to a nearby city and transport it to the municipality of Soledad for distribution to the public. He was able to sell at good prices which allowed him to continue in the market. He sells once a week on credit, in this way managing the frequency of his purchases, which are in cash.

His goal is to increase his working capital, sell more and more and eventually buy his own home. His biggest challenge is to continue selling at good prices. For this reason he has requested a loan from Kiva, which is his first loan he has made through la Fundación Mario Santo Domingo. Deyner will use it to buy pork and mutton in greater volume, aiming to get much better prices which would make this investment successful.
View original language description ↓
Deyner habita en un municipio, área metropolitana de Barranquilla; allí se dedica a la venta de cerdo y carnero desde hace 1 año, cuando su tío le propuso este negocio, para lo cual debe viajar a un pueblo cercano y traerlo al municipio de Soledad, para distribuirlos entre consumidores, pues logra obtener buenos precios que le permiten sostenerse en el mercado. Sus ventas las hace semanalmente a crédito y así mismo maneja la frecuencia de sus compras, las que hace de contado. Su meta es aumentar su capital de trabajo, para vender más y más adelante adquirir su propia vivienda. Su mayor desafío es lograr sostenerse con buenos precios y para ello acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará carne de cerdo y carnero en un mayor volumen apuntándole a obtener muchos mejores precios y esto es lo que hace exitosa su 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

  • $11,100
    Average annual income
  • 529
    View loans »
    Colombia Loans Fundraising
  • $14,933,525
    Funds lent in using Kiva
  • 1,890.4
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $400 helped Deyner to buy pork and mutton in greater volume.
94% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2013
Listed
Sep 25, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015