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Margarita Rosa
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Margarita Rosa Y. R. is a businesswoman from Cartagena who has ambitious goals for her food business; she hopes it will grow to such an extent that her products will be known city-wide and that, some day, she will be recognized as one of Colombia’s greatest businesswomen.

She started her business selling breakfasts three years ago. Initially, she made the meals at home and sold them to her neighbors until one of them mentioned to her that where he worked there was no one selling meals. This was how Margarita set herself up in the Mamonal Industrial Zone, a site near Cartagena that concentrates many of the country’s important companies. She borrowed money that had to be repaid the next day to buy raw materials and prepare the lunches.

Gradually, her customer base grew. Since the business needed an injection of capital, she called upon Fundación Mario Santo Domingo, an organization to which she is grateful for giving her the opportunity to launch her business, to increase her income a bit, and to replace the money for that loan she needed to repay the next day.

This $2.000.000 loan is her second one and she will use it to buy ingredients for her meals as well as tables and chairs for her business.

Because the Fundación has supported her both financially and personally, she feels very loyal to it. Her previous loans helped her increase her profits and to expand her service area in her type of work with better quality service; she has two employees and she is happy because she is generating income in other homes like hers.

Margarita considers her greatest challenge to be having to face life alone with her three children. However, thanks to God she was able to overcome and today she is happy knowing that she is making the effort for her children to advance. She has taught them that life isn’t easy but that with effort, dedication and lots of love, one can reach one’s goals.

This is her lesson. It helps her to face difficulties as part of life and business. For example, when sales are down and they barely produce sufficient income to meet basic needs of her family and her business, she forges ahead even if she has to delay reaching her dreams because she knows that the first priority must be to reinvest in her business so that she can be sure to provide for her family’s support.
View original language description ↓
Margarita Rosa Y. R. es una empresaria cartagenera de grandes metas que sueña con que su negocio de venta de comidas crezca tanto, que sus productos sean reconocidos en toda la ciudad y que algún día, ella sea identificada como una gran empresaria colombiana. Inició su actividad de vender almuerzos hace tres años; inicialmente elaboraba la comida en su casa vendiéndola a sus vecinos, hasta que uno de ellos le comentara que donde él trabajaba no había quien vendiera almuerzos; fue así como Margarita se instaló en la Zona Industrial de Mamonal, lugar cercano a Cartagena que concentra muchas empresas importantes del país. En ese momento prestó un dinero para comprar la materia prima y preparar los almuerzos, que requería ser devuelto al día siguiente.
Poco a poco fue creciendo su clientela y como el negocio ameritaba una inyección de capital, se acercó a la Fundación Mario Santo Domingo, organización a la que le agradece haberle dado la oportunidad de sacarlo adelante, aumentar un poco su ingreso y reemplazar el préstamo que debía devolver al día siguiente. Este crédito con un monto de $2.000.000 es su segundo financiamiento y con él va a comprar materia prima para la preparación de sus comidas y sillas y mesas que adecuarán su negocio. Como la Fundación la ha apoyado personal y financieramente, hoy siente que debe serle fiel; su crédito anterior la ayudó a aumentar sus ganancias y a crecer en cobertura en el sector en que trabaja con servicios de mejor calidad; tiene dos empleadas y se siente contenta porque está generando ingresos familiares en otros hogares que están como el suyo.
La señora Margarita considera que su mayor dificultad fue enfrentar la vida sola con sus tres hijos; pero gracias a Dios pudo salir adelante y hoy se siente feliz sabiendo que está esforzándose, para que sus hijos avancen; a ellos les ha enseñado que la vida no es fácil y que con esfuerzo, dedicación y mucho amor se logran propósitos. Esta su lección, la ayuda a entender las dificultades como parte de la vida y del negocio; por ejemplo: en tiempos de ventas bajas, cuando no genera los ingresos suficientes para responder a requerimientos superiores a las necesidades básicas de su familia y de su negocio, ella logra salir adelante aunque retrase el cumplimiento de sus sueños, porque ella sabe que es prioridad reinvertir en su negocio, para asegurar su sosteniendo y el de su familia.

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.

About Colombia

  • $6,070
    Average annual income
  • 137
    View loans »
    Colombia Loans Fundraising
  • $12,811,350
    Funds lent in using Kiva
  • 1,923.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Margarita Rosa to buy ingredients for her meals and tables and chairs for her business.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2010
Listed
Mar 1, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012