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Oct 17, 2016 10:33 EST

Colombia: Alexander Enrique – A loan of $300 helps to buy equipment such as nets, soccer balls, micro-soccer balls, medicine balls, cones, pads and other items to make his training more dynamic.

iCrowdNewswire - Oct 17, 2016

Alexander Enrique

Colombia
 
 
Borrower image
 

Alexander Enrique’s story

Alexander has a degree in physical education and is passionate about soccer. He lives with his family in a neighborhood in Soledad.

At the beginning of 2016 he sought a job with the Futbol con Corazon (Soccer with Heart) program, a social enterprise that uses the rules of soccer to teach boys, girls and youth how to make good decisions and develop their human potential. Based on this methodology, Alexander promotes his soccer academy so that the children of his community and the neighboring areas practice this sport with the additional benefits his program provides.

Currently this entrepreneur is applying for his first Kiva loan through the Mario Santo Domingo Foundation to buy equipment such as nets, soccer balls, micro-soccer balls, medicine balls, cones, pads and other items to make his training more dynamic.

Help this professor with his loan, and the results will be measured in the wellbeing of his students. 

Translated from Spanish by Kiva volunteer Laurie Hiller View original language description 

This loan is special because:

It helps train entrepreneurs to start their own business. 

Jon
Kiva staff

More about this loan

This loan is part of an innovative partnership between Kiva Labs and Innovations for Poverty Action to evaluate how changes to the conditions of loans might improve the impact of microcredit on small businesses and the well-being of micro-entrepreneurs. Through this partnership, FMSD is testing new features for its small business loans: the design changes being tested include lower interest rates and more flexible repayment schedules aiming to encourage productive investments and to better match micro-entrepreneurs’ irregular income flows. As part of a randomized evaluation, this borrower may be offered one of these innovative loans. This is an exciting innovation and learning process for FMSD, but—like all innovators—it may face additional costs and potential risks in the process. Funding support from Kiva lenders is therefore particularly important to FMSD on this project.

About Fundación Mario Santo Domingo (FMSD):

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.

A loan of $300 helps to buy equipment such as nets, soccer balls, micro-soccer balls, medicine balls, cones, pads and other items to make his training more dynamic.

Contact Information:

Alexander Enrique

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