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Stefano
Stefano is 19 years old. He says that when he was very small—nine years old—he began working carrying packages to help his father, who had a business and only let Stefano participate in his free time. When Stefano grew up, he asked his father to let him work; however, his father just wanted him to finish his education so that he could later start his own business, so that is exactly what Stefano did.

Today, he is a well-known merchant in his neighborhood and the surrounding areas. He sells sweaters, shirts, bermuda shorts, etc., as well as many articles that his customers ask him for. He sells to them in cash or on credit, working every day from 8:00 in the morning to 6:00 in the evening and buying from warehouses in other countries like Panama and the United States. His main goal is to have a diverse selection and to launch other sales locations in other municipalities in the department.

Stefano is currently applying for a Kiva loan, his first financing with Fundación Mario Santo Domingo, with which he will buy sweaters, shorts, perfume, and general apparel. This investment will stock his business very well and that is precisely what Stefano wants in order to affect his sales.
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Stefano de 19 años de edad, cuenta que desde muy pequeño, a sus 9 años, empezó a trabajar cargando bultos, para ayudara a su padre, quien tenia un negocio y solo le permitía a Stefano participar en sus ratos libres. Cunado Stefano creció, pidió a su padre que le permitiera trabajar, pero su padre solo quería que terminara de estudiar, para que posteriormente emprendiera su propio negocio y justamente Stefano así lo hizo. Hoy es un comerciante reconocido en su barrio y en los alrededores de él y vende suéteres, camisas, bermudas etc. y muchos artículos que su clientela le solicita. A ello les vende de contado y a crédito, trabajando diariamente desde las 8 de la mañana hasta las 6 de la tarde, comprando en almacenes de otros países como Panamá y Estados Unidos. Su meta principal es tener un surtido diverso y emprender con otro punto comercial, en otros municipios del departamento. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará suéteres, pantalones cortos, perfumería y vestuario en general. Esta inversión tendrá muy surtido su negocio y esto es justamente lo que desea Stefano para impactar sus ventas.

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

  • $6,070
    Average annual income
  • 298
    View loans »
    Colombia Loans Fundraising
  • $13,837,750
    Funds lent in using Kiva
  • 1,867.4
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,725 helped Stefano to buy sweaters, shorts, perfume, and general apparel.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2014
Listed
Jul 22, 2014
Currency Exchange Loss:
Possible
Expired:
Aug 21, 2014