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Maria Barbara
María R., 26, prepares food. She sells breakfasts, lunches, evening snacks and refreshments. The business started with help from her mother with the goal of earning funds to pay for her Nursing studies which she is currently undertaking.

María sells daily both for cash and on credit to customers that are neighbors and employees of nearby firms. Profit on sales is about 50% and her raw materials and supplies have a three day turn over on the average. He customer base has increased recently and her work tools are insufficient to meet demand so she sometimes has to repeat the preparation of some dish or other to meet it.

This is her second loan with Fundación Mario Santo Domingo. She used the first one to increase her purchases, tend to more customers and help her mother at home. Her dream and great challenge is to finish her professional training and work in her profession while leaving her business well positioned and generating important family income.

She faces aggressive competition in this sector but she is steadfast in offering hygienic meals that are well presented and tasty that delight her customers; this is why she is their favorite.

She plans to use her Kiva loan to buy work tools: pots, dishes, cutlery, ladles and an industrial stove to improve her business even more. She currently carries an accounts payable rotation of 20 days and she wants to increase her productive capacity to increase cash sales.
View original language description ↓
María R. tiene 26 años y se dedica a la preparación de alimentos entre los cuales vende desayunos, almuerzos meriendas y refrescos, este negocio lo inició con todo el apoyo de su madre y con el ánimo de pagar sus estudios superiores de enfermería que en la actualidad cursa. María vende de contado y a crédito, diariamente, a clientes vecinos y empleados de empresas cercanas, la rentabilidad sobre las ventas de su negocio es de un 50% y tiene una rotación de materias primas e insumos promedio de de 3 días; en la actualidad su clientela se ha incrementado y sus equipos son insuficientes para responder a la demanda y muchas veces le toca repetir el proceso de preparación de algunos alimentos para lograrlo. Este es su segundo financiamiento con la Fundación Mario Santo Domingo, con el primero logró aumentar sus compras, atender mas clientes y con todo esto ayudar a su madre en su hogar. Su sueño y gran desafío es terminar su carrera profesional y ejercerla, dejando el negocio posicionado y generando importantes ingresos para el hogar. Su gran desafío es la competencia agresiva del sector pero ella se sostiene ofreciendo alimentos higiénicos, bien presentados y con una buena sazón, con lo cual deleita a sus clientes y por eso la prefieren. Con su credikiva planea comprar herramientas de trabajo, comprando ollas, platos, cubiertos, cucharas y una estufa industrial para lograr mejorar aun más su negocio, que en la actualidad presenta una rotación de cuentas por cobrar de 20 días y quiere incrementar la capacidad productiva para aumentar sus ventas de contado.

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
  • 232
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,881.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Maria Barbara to buy work tools like: pots, dishes, cutlery, ladles and an industrial stove.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 24, 2010
Listed
Nov 23, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011