Julio is currently requesting his first Kiva loan which will be used to buy provisions such as rice, powdered milk, and oil as well as shoes, purses, and wallets. This funding will provide available operating capital to continue receiving low prices for the goods he sells without having to bring them over from Venezuela. His dream is to have a larger store and convert it into a warehouse where he can sell merchandise in bulk to stores, local distributors, and other entities in the surrounding areas.
With this business, Julio and his wife are able to build a future for their family so that when they are ready to have children, they can provide all the conditions to raise and educate them.
About Fundación Mario Santo DomingoFundación 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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Success!! The loan was 100% repaid