Funded

Total loan: $1,075
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José Fernando

Colombia
Medellín, Colombia / General Store

A loan of $1,075 helped to make store improvements (fix outdoor awning and a bench) and to buy goods wholesale (cakes, dairy products, eggs, grains, cookies, personal hygiene products, etc.).


José Fernando's story

José, 21, is a dynamic young entrepreneur who has his own business, a grocery store, which he started a year ago. His parents were friends of the owners who rented out the property because they were leaving the country. José convinced his parents to rent the house so he could set up a store and earn enough income to support the household economy and pay for university studies. He works every day from 8:00 a.m. to 9:30 p.m. During class time his mother or younger brother help at the store attending to customers.

José believes this business is a good source of income and very profitable because families need to buy things on a daily basis. He is requesting a loan to improve the store (fixing the outdoor awning and a bench) and to buy wholesale merchandise (cakes, dairy products, eggs, grains, cookies, personal hygiene products, etc.). This will give his business a better image and allow him to have on hand different brands of products to satisfy customer demand. Sales and income will improve considerably.

José's determination to get ahead and continue working hard to strengthen his business and make it grow will allow him to turn it into a profitable mini-market where he can use his professsional knowledge. He wants to improve his family's lifestyle and finish his university degree.

Translator profile picture

Translated from Spanish by Kiva volunteer Sherry Bess



Loan details

Loan length:

26 months
Disbursed date: September 13, 2013

Lenders and lending teams




Loan details

Loan length:

26 months
Disbursed date: September 13, 2013