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Oscar
Oscar is 26 years old. He sells fruits and foods. He started his life as a merchant 12 years ago with his parents, who started out by selling foods and then later by selling fruits. This is the same business that Oscar operates today with his family, which is composed of his wife and his two-month old son. They depend completely on this business. His goal is to expand his business’s coverage, entering into other neighborhoods and towns nearby. He has applied for a Kiva loan, with which he will buy a greater volume of fruits so he can open a stand in a new area. With this Kiva loan, he will have the possibility of new income, which will make his investment successful.
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Oscar es un joven de 26 años de edad que se dedica a la venta de frutas y comidas; Hace 12 años empezó su vida como comerciante con sus padres qienes incursionaron primero en la venta de comidas y posteriormente la venta de frutas, actividad que de la misma manera desempeña hoy Oscar y en unión de su familia, conformada por su cónyuge y su hijo de dos meses, dependen e su totalidad de ella. Su meta es ampliar su negocio en cobertura, dirigiendose a otros barrios y municipios cercanos. En la actualidad ha aplicado aun credikiva, mediante el cual comprará mayor volumen de frutas para adicionar un punto de contacto en un nuevo sector. Con este credikiva potencializará nuevos ingresos que es lo que hará de su inversión la mas exitosa.

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.

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About Colombia

  • $11,100
    Average annual income
  • 518
    View loans »
    Colombia Loans Fundraising
  • $14,939,450
    Funds lent in using Kiva
  • 1,928.6
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $550 helped Oscar to buy a greater volume of fruits.
87% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 28, 2014
Listed
Apr 19, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2015