Check out some available loans that are similar to this one!
Tilman
Tilman R. is a 40 year old man who sells fast food and lunches in his food stand called "Comidas Rápidas los Reyes" [The Kings Fast Food] as is shown in the picture above. He is married and lives in the neighborhood José Antonio Galán in the city of Barranquilla. He has 3 children, ages 11, 15 and 16. He started his business 5 years ago selling pizza and has gradually added lunches, fast food, drinks, ice cream, grilled beef and chicken.

Since he has been associated with Fundación Mario Santo Domingo [Mario Santo Domingo Foundation] for 8 years and he has received 10 loans. His tenth loan is actually a Kiva loan, with which he will buy 4 sets of plastic chairs, raw materials and supplies to make his food products. His relationship with this organization has improved his standard of living and has given him an excellent credit history. His dream and great challenge is to convert his business into a 5 star restaurant, known around the Colombian Carribean. Tilman is a tireless worker and his business is successful in the neighborhood. It has a 28% profitability on sales, a liquidity of 43.3%, a return on investment of 25%, a 21-day turnover on accounts payable, and a 5-day turnover on finished products. He is fundamentally happy with his family and dreams of being able to offer them a great future.
View original language description ↓
Tilman R. es un hombre de 40 años que se dedica a la venta de comidas rápidas y almuerzos en su carruaje llamado "Comidas Rápidas los Reyes" tal como lo muestra en su fotografía; él es casado, vive en el barrio José Antonio Galán de la ciudad de Barranquilla y tiene 3 hijos en las edades de 11. 15 y 16 años. Su emprendimiento lo inició hace 5 años vendiendo pizza y gradualmente ha agregado almuerzos, comidas rápidas, bebidas, helado, carne y pollo al carbón.
Desde que está vinculado a la Fundación Mario Santo Domingo hace 8 años ha recibido 10 financiamientos y el décimo es justamente su credikiva, con el cual comprará 4 juegos de sillas plásticas y materias primas e insumos para sus comidas; Con su vinculación a esta organización ha mejorado sus condiciones de vida y ha construido su excelente historial crediticio. Su sueño y gran desafío es convertir su negocio en un “Restaurante 5 estrellas” reconocido en todo el Caribe Colombiano. Tilman es un trabajador incansable, su negocio es exitoso en el barrio y reporta una rentabilidad sobre las ventas de un 28%, una liquidez de 43,3%, rentabilidad sobre la inversión es del 25%, tiene una rotación de cuentas por cobrar de 21 días y una rotación de productos terminados de 5 días. El es fundamentalmente feliz con su familia y sueña con poder ofrecerles un gran porvenir.

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

  • $11,100
    Average annual income
  • 551
    View loans »
    Colombia Loans Fundraising
  • $14,876,100
    Funds lent in using Kiva
  • 1,922.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Tilman four sets of plastic chairs, raw materials and food supplies.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 3, 2010
Listed
Dec 6, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2011