Check out some available loans that are similar to this one!
José Alberto
With his first loan, provided by Fundación Mario Santo Domingo, José Alberto started his current business called "El Caminante". He makes and sells 'arroz de lisa' (a rice and fish dish). This dish is a typical Barranquillera dish and is made with 'lisa', a sea fish which lays its eggs in brackish water such as river mouths. José Alberto also sells 'buñuelos' (a type of fritter), empanadas (stuffed pastries), 'deditos' (cheese fingers) and other delicacies that he prepares together with his wife and then transports on his three-wheeled vehicle which he acquired with his first loan from our foundation. Thanks to our organization, José Alberto has managed to grow in his business and gradually fill his display case, his cooking pots and his soft drinks cooler.

José Alberto's main customers are neighbors in his own community where he has a captive market as he is located in a bus and mototaxi station and this is where his main customers are found. José Alberto started this business two years ago after changing his business activity. He used to hand-make and sell ladies' footwear but that business had a long production process and he made minimal profits. For this reason, when he decided to join our foundation, he took advantage of the situation and changed his business to something which he knew and which was profitable. Through his loans, he has managed to stabilize his business and he plans, in the future, to buy a cooler in which to keep his fish and meat.

This Kiva loan is José Alberto's third loan with Fundación Mario Santo Domingo and he will use it to buy supplies such as rice, meat, cheese, flour and sugar wholesale. His financial indicators show his accounts receivable turnover period at 1 day, his raw material turnover period at 2 days and his profits at 27%. With this new investment, he plans to earn discounts by purchasing his supplies in larger quantities before new prices go into effect at the beginning of the year.
View original language description ↓
José Alberto con su primer crédito, financiado por la Fundación Mario Santo Domingo, inició el negocio que hoy tiene “El Caminante” , donde se dedica a la preparación y venta de arroz de lisa, comida típica Barranquillera a base de la lisa, un pez de mar, que desova en aguas salobres, como las desembocaduras de los ríos; así mismo vende buñuelos, empanadas, deditos y otras delicias, que prepara con su esposa y transporta en su triciclo, el cual adquirió con su primer crédito con la Fundación, organización con la que ha logrado crecer y poco a poco provisionarse de vitrinas, calderos y de un tanque para refrescos, donde transporta el delicioso y típico arroz de lisa. Sus principales clientes son sus vecinos en la comunidad donde habita y donde tiene un mercado cautivo, pues ahí mismo se encuentra ubicada una estación de buses y de motos que son sus principales clientes. José Alberto inició este negocio hace dos años , después de haber cambiado de actividad, ya que antes se dedicaba a la fabricación y venta de calzado artesanal femenino, pero este negocio tenia un proceso productivo demorado y obtenía utilidades mínimas. Por eso cuando decidió vincularse a la Fundación, aprovechó para cambiarse hacia algo que conocía y le resultaba mas rentable. Con los créditos ha logrado estabilizar su negocio y planea mas adelante comprar un enfriador para guardar especialmente el pescado y las carnes. Este, su Credikiva, es su tercer financiamiento con la Fundación Mario Santo Domingo y con él comprará materias primas e insumos como arroz, carne, queso, maíz, harina y azúcar al por mayor. Sus indicadores financieros muestran una rotación de cuentas pro cobrar de 1 día, su rotación de materias primas es de 2 días y la rentabilidad es del 27 %. Con la nueva inversión planea ganarse descuentos por la compra en mayor cantidad antes de que los precios que inician a principio de año se hagan efectivos

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
  • 466
    View loans »
    Colombia Loans Fundraising
  • $15,270,025
    Funds lent in using Kiva
  • 1,843.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped José Alberto to buy supplies such as rice, meat, cheese, corn, flour and sugar wholesale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2011
Listed
Jan 25, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012