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Jaider
Jaider lives in the Soledad municipality, which is where he carries out his combined business activities. On one side he sells miscellaneous products like women’s items for the household and accessories, etc. On the other side of the same place he sells hardware products.

He started his business ten years ago. He gets this business activity from his parents’ commercial tradition, which influenced him ever since he was very young. At a young age he devoted himself to selling various items. He started his business with domestic accessories and women’s accessories, etc. Later he was adding hardware merchandise like soldering cream, welding pieces, screws, nails, cement, and insulation strips.

He makes his sales for cash on Mondays through Sundays from nine in the morning until nine at night. He makes his purchases for cash at wholesale warehouses that offer prices that are adjusted for sales to his customers. His customers are his neighbors in his neighborhood and especially from the various sectors surrounding his business.

He is currently applying for a Kiva loan, his first loan with the Fundación Mario Santo Domingo. He will use the loan to buy display cases, nuts, screws, and tools, etc. His goal for later on is to open a new place in order to generate more resources and to provide his children with a quality education.
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Jaider habita en el municipio de Soledad, donde desarrolla una actividad comercial combinada: por un lado vende productos de miscelánea, como artículos femeninos, para el hogar, accesorios etc. y por otro lado vende en el mismo local productos de ferretería. Su negocio inició desde hace 10 años; él deriva esta actividad de la tradición de comerciante de sus padres, que lo influenciaron desde muy joven y por eso a una corta edad se dedicó a la venta de artículos varios. En su negocio inició con accesorios domésticos, femeninos etc y posteriormente fue agregando mercancía de ferretería, como crema para soldar, soldadura, tornillos, clavos, cemento, cintas aislantes. Sus ventas las realiza de contado, de lunes a domingos, desde las 9 de la mañana hasta las 9 de la noche, mientras sus compras las hace de contado en almacenes mayoristas, que le ofrecen precios ajustados a las posibilidades de compra de su clientela, quienes son vecinos de su barrio y especialmente de varios sectores alrededor de su negocio. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará vitrinas, tuercas, tornillos, herramientas etc. Su meta mas adelante es dar apertura a un nuevo local, para generar más recursos y finalmente ofrecerles una educación de calidad a sus hijos.

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
  • 167
    View loans »
    Colombia Loans Fundraising
  • $12,834,025
    Funds lent in using Kiva
  • 1,890.2
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,600 helped Jaider to buy display cases, nuts, screws, and tools, etc.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2013
Listed
Oct 4, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 3, 2013