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Antonio Segundo
Antonio Martínez Ramírez is 43 years old. He lives in the city of Barranquilla with his wife and five children. He has a stationary food stall where he sells roasted meat, grilled chicken breast, hot dogs, sausages, burgers and trays of French fries with sausages. He has had his business for 13 years and it is located just outside the Metrocentro shopping mall, one block from the Metropolitano soccer stadium, the biggest in Colombia.

Every day, Antonio starts selling his food at 4.00pm and his work day continues until after midnight. His best days for sales are Fridays, Saturdays and Sundays, especially when the local soccer team, Junior de Barranquilla, are playing. This small businessman's wife helps him to prepare his sauces and the ingredients with which he seasons his food.

This is Antonio's fifth loan through Fundación Mario Santo Domingo and he plans to invest it in buying ingredients wholesale. Antonio has always stood out for his punctuality in making his loan repayments. Before he came to Fundación Mario Santo Domingo, Antonio took personal loans through loan sharks who called at his business daily to collect payment. The interest rate that he paid was very high and he never had anything left over so he couldn't make any savings.

Antonio's average daily sales are 70,000 Colombian pesos and his profit margin is 45%. Although the recent winter season negatively affected his income, this small businessman is optimistic for the future because he already has an existing customer base. The competition in his field is strong and for this reason he takes care to offer a good product at a fair price and, above all, with very good customer service.
View original language description ↓
El señor Antonio Martínez Ramírez tiene 43 años, vive en la ciudad de Barranquilla en compañía de su esposa y 5 hijos. Tiene un puesto estacionario de comidas en el cual vende carne asada, pechuga de pollo a la plancha, perros calientes, embutidos, hamburguesas y bandejas de papitas fritas con salchichas. El negocio tiene 13 años de existencia y está ubicado en las afueras del centro comercial Metrocentro, a una cuadra del estadio Metropolitano de fútbol, el más grande de Colombia. Todos los días empieza a vender sus alimentos a las 4 P.M. y su jornada se extiende hasta después de media noche. Los días de mayor venta son los viernes, sábados y domingos, especialmente cuando juega el equipo local de fútbol, Junior de Barranquilla. La esposa del microempresario le ayuda a preparar las salsas y los ingredientes con que sazona sus comidas. Este es el quinto crédito que tramita en la Fundación Mario Santo Domingo y planea invertirlo en la compra al por mayor de víveres. Siempre se ha distinguido por su puntualidad en los pagos. Antes de vincularse a la Fundación, El señor Antonio se financiaba con créditos personales de usureros que diariamente llegaban a cobrarle al negocio. La tasa de interés que pagaba era altísima y nunca le quedaba algún excedente para poder ahorrar. El promedio de ventas diarias es de $ 70.000 COP y el margen de utilidad es del 45%. Aunque la reciente temporada invernal afectó negativamente sus ingresos, el microempresario se muestra optimista hacia el futuro porque ya tiene una clientela acreditada. La competencia que tiene en el sector es fuerte y por eso se esmera en ofrecer un buen producto, a un precio justo y sobre todo, con una esmerada atención.

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,915.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Antonio Segundo to buy ingredients wholesale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2010
Listed
Dec 27, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011