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Adriano
Adriano is 22 years old and lives in a town near the city. There he has a small clothing and footwear store for men, women and children. He needs to stock different clothes to impact his customers. His challenge is to have sufficient working capital to achieve this, which is precisely the reason to use a credikiva (Kiva loan). His first financing is through the Mario Santo Domingo Foundation, which he will use to buy dresses with modern designs. He is always enthusiastic, because he knows his business very young, but his family members are merchants as well and he wishes to follow in the footsteps of his mother and grandmother. His sales are carried out from Monday to Saturday as 8 am to 8 pm without a break. He buys wholesale for his customers to get the best prices and this is precisely what will make his credikiva succeed.
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Adriano tiene 22 años de edad y habita en un municipio cercano a la ciudad; allí tiene un pequeño almacén de ropa y calzado para damas, caballeros e infantil, que necesita surtir con ropa diversa para impactar a su clientela. Su desafío es tener el suficiente capital de trabajo para lograrlo y esta es justamente la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará vestidos con diseños modernos. Él está muy entusiasmado siempre, porque conoce su actividad desde muy joven, pues su familia es de naturaleza comerciante y quiere continuar los pasos de su madre y su abuela. Sus ventas las realiza de lunes a sábados desde as 8 de la mañana hasta las 8 de la noche sin cesar,comprando a mayoristas para que sus clientes obtengan los mejores precios y esto es justamente lo que hace que su credikiva tenga éxito.

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
  • 471
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,850.1
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,475 helped Adriano to buy dresses with modern designs.
82% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2014
Listed
Aug 4, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015