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José Antonio
Jose has a restaurant located in the north of the city of Barranquilla. He is from northern Guajira Department, and until the year 2006, he sold clothes and shoes between the cities of Bogota in Colombia and Caracas in Venezuela. The activity ceased to be profitable and this micro-empresario decided to study culinary arts in Barranquilla, a skill that had been his passion since his youth.

To exercise his new profession, Jose elaborated meals for his friends' fiestas and social events. Subsequently, he opened his own restaurant and the public acceptance has been great, because his location is attractive, the food exquisite, and the prices affordable. The specialties of the house are the typical dishes of his native Guajira, such as shrimp and rice, seafood in coconut sauce, and leg of pork.

This is his 1st loan with the Fundacion Mario Santo Domingo, and he will invest it in provisions at wholesale, and a new refrigerator to replace the small icebox he has at present. Monthly, the restaurant sells approximately 1,500 meals at an average price of 4,500 COP, which results in monthly sales of 6,480,000 COP. The average profit margin is 46.7%, demonstrating the good profitability of the business.

Jose plans to expand his sales, delivering his meals to homes and medium enterprises, and he is currently making the necessary contacts. In the short term, during this end-of-the-year season, orders for special meals have increased considerably. This micro-entrepreneur can be defined as a happy man dedicated to satisfying the tastes of his customers with the best recipes of Colombian gastronomy.
View original language description ↓
El señor José Antonio A. C. tiene un restaurante ubicado en el norte de la ciudad de Barranquilla. El es oriundo del norteño departamento de la Guajira y hasta el año 2006 se dedicaba al comercio de ropa y calzado entre las ciudades de Bogotá en Colombia y Caracas en Venezuela. Esta actividad dejó de ser rentable y el microempresario decidió estudiar culinaria en Barranquilla, el oficio que desde joven le apasionó. Para ejercer su nueva profesión, el señor José elaboraba comidas por encargo de sus amigos para fiestas y eventos sociales. Posteriormente abrió al público su propio restaurante y la aceptación ha sido grande, porque el lugar es acogedor, la comida es exquisita y los precios son económicos. La especialidad de la casa son los platos típicos de su natal Guajira como: arroz de camarón, productos del mar en salsa de coco y pernil de carnero asado. Este es el primer crédito que tramita el empresario con la Fundación Mario Santo Domingo y lo invertirá en comprar víveres al por mayor y un enfriador nuevo que remplace la pequeña nevera que tiene en la actualidad. Mensualmente en el restaurante se venden aproximadamente 1500 comidas a un precio promedio de $4.500 COP, lo cual arroja unas ventas mensuales de $6.840.000 COP. El margen promedio de utilidad en las ventas es del 46.7%, ésta cifra demuestra la buena rentabilidad del negocio. El señor José planea ampliar las ventas ofreciendo sus comidas a domicilio en medianas empresas y ya está haciendo los contactos necesarios. Por la cercanía de la temporada de fin de año, los pedidos de comidas especiales se han incrementado considerablemente. El microempresario se define como un hombre feliz que se dedica a deleitar el paladar de sus clientes con las mejores recetas de la gastronomía Colombiana.

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
  • 138
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,912.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped José Antonio tO BUY PROVISIONS AT WHOLESALE AND A NEW REFRIGERATOR, TO REPLACE THE SMALL ICEBOX HE CURRENTLY USES.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2010
Listed
Nov 30, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012