A loan helped to buy grocery items to sell in his store.

Silfredo Antonio's story

Silfredo Antonio, 44, is married and lives with his family in the municipality of Polo Nuevo, in the department of Atlantico. He started up his own general store business due to the need to generate income for his household finances. This business has had excellent commercial growth. In his store, Silfredo offers products that are consumer staples, such as sweets, soft drinks, bottled juices, tubers, vegetables, dairy products, meats, etc.

Silfredo boosted his business with a separation allowance that he received from his previous job. He decided to set up his own store, and thanks to his excellent service and quality products, he has managed to position himself in the market. The pandemic has not affected his business, because he sells basic consumer products that everyone needs. His sales have been increasing, generating excellent profits.

Silfredo needs to increase his inventory to mitigate the impact of Covid-19, as the demand for his products is increasing. This is why he is applying for a Kiva loan, the first loan that he has taken from the Fundacion Santo Domingo. He will use these funds to invest in flour, sacks of rice, cooking oil, soft drinks, grains, tubers, and other products. He wants to increase his inventory so that he can increase his sales and profits. Silfredo's goal is to strengten his working capital and have his own store. Support him with this loan for his business, he will be a success!

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Translated from Spanish by Kiva volunteer Lisa Grobar.

This loan is special because:

It provides borrowers in micro businesses with affordable loans.

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Loan details