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Oscar Jesus
Oscar is 46 years old and lives in the municipality of Malambo, which is a metropolitan section of the city. He lives with his wife and his two children, ages 14 and 18. For the past 10 years, Oscar has managed his own retail business in which he sells clothes and household appliances. He previously worked for other people since he was a young man.

Oscar currently conducts cash sales on a daily basis. He works every day of the week from 8:00 A.M. to 8:00 P.M. Oscar makes his sales at a border town where he is able to obtain special prices directly from his suppliers. His main customers are neighbors and relatives. Oscar’s goal is to increase his sales and improve his family’s quality of life. However, his greatest challenge has been obtaining funding sources. Today he is applying for a Kiva loan, his first form of financing through Fundación Mario Santo Domingo. He will use the money to buy clothing, jeans, and household appliances because he intends to increase his inventory. This will enable him to sell more and earn a little more profit.
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Oscar de 46 años de edad, habita en el municipio de Malambo, área metropolitana de la ciudad, con su cónyuge y sus dos hijos en las edades de 14 y 18 años. Desde hace 10 años, Oscar se ha dedicado a la actividad comercial, desde su propio negocio, vendiendo ropa, y electrodomésticos, pero antes, desde muy joven trabajaba en ello para otros. Sus ventas de hoy las realiza de contado, con una frecuencia diaria, todos los días de la semana y desde las 8 de la mañana hasta las 8 de la noche. Sus compras las realiza en un municipio fronterizo, donde consigue precios especiales y directamente a sus proveedores. Los principales clientes de Oscar son sus propios vecinos y familiares; su meta es incrementar las ventas y mejorar la calidad de vida en su familia y aunque su mayor desafío consiste en alcanzar fuentes de financiación, hoy ha logrado un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará ropa, jeans, y electrodomésticos, porque pretende aumentar los inventarios para vender mucho mas y ganar un poco mas.

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
  • 466
    View loans »
    Colombia Loans Fundraising
  • $15,268,500
    Funds lent in using Kiva
  • 1,895.5
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $625 helped Oscar Jesus to buy clothing, jeans, and household appliances to sell.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2013
Listed
Oct 8, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 7, 2013