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Elsa Beatriz
Elsa García E. lives in a housing development that is very close to the sea. The beach, the breeze, the sun, and happiness are the characteristics of this environment. This is where she conducts her business of making fried food and chicken, meat, and cheese pies. She has been working this way for 11 years in order to manage to support her two children. The children are 16 and 18 years old.

She started her enterprising idea in her house. She only sold fried foods, but she was gradually moving to neighborhood stores. She gives them money daily to rent. Her oldest daughter works with her, especially in sales. With the sales she has gotten ahead in her business. She has managed to have her own house. Even so, she works hard every day to increase the well-being of her family. To do so she needs to improve her housing conditions. That is her great challenge because she needs capital that she does not now have for this purpose.

She is currently applying for her first loan with the Fundación Mario Santo Domingo and her first loan with Kiva. She will use the loan to buy wholesale supplies like oil, rice, and sugar mostly. These are the supplies whose prices increase constantly. She will also buy an industrial stove, a table, and utensils to increase the effectiveness of her investment. She will do this, above all, so that her business has an image of quality. This will attract many more customers
View original language description ↓
Elsa García E. residente en una urbanización muy cerca al mar, donde la playa, la brisa el sol y la alegría son las características de este ambiente, en el cual se desenvuelve su negocio de preparación de fritos y pasteles de pollo, carne, y queso, con el que hace 11 años viene trabajando, para lograr el sostenimiento de sus dos hijos en las edades de 16 y 18 años. Ella inicio su idea emprendedora en su casa, vendiendo fritos solamente y gradualmente se fue trasladando para tiendas vecinas a quienes le da un dinero diario por concepto de alquiler. Su hija mayor trabaja con ella especialmente en las ventas y con ellas ha salido adelante con su negocio, pues ha logrado tener su casa propia y aun todos los días se esfuerza por aumentar su bienestar familiar, por eso necesita mejorar sus condiciones habitacionales y justamente ese es su gran desafío, porque requiere capital con el que en la actualidad no cuenta, para este propósito.
En la actualidad está aplicando a su primer financiamiento con la Fundación Mario Santo Domingo y su primer credikiva, con el comprará insumos al por mayor, como aceites, arroz, y azúcar principalmente, pues son los que mas aumentan de precio constantemente. Así mismo comprará una estufa industrial, una mesa y enseres para aumentar la efectividad de su inversión, pero sobre todo para que luzca con una imagen de calidad y esta condición atraiga muchos mas clientes.

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
  • 524
    View loans »
    Colombia Loans Fundraising
  • $14,666,500
    Funds lent in using Kiva
  • 1,900.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Elsa Beatriz to buy wholesale supplies like oil, rice, and sugar mostly.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 28, 2011
Listed
Feb 25, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012