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Rosa
Rosa is the owner of a restaurant which is located in Boston neighborhood, in the city of Barranquilla. She started her business when she was living in her mother's home and sold some lunches to specific people. She managed to earn a little money and then her business started to become her main source of income. She is able to develop her independent spirit through her business.

Rosa is a married woman who has one 7 year-old son. When she decided to work in this business full time, she changed house and bought tables, chairs and work tools. When her business started to grow she moved again to larger premises and the business has continued to grow since. Currently, when Rosa's customers fail to turn up on time, they find themselves unable to buy lunch because Rosa has sold out. This is why Rosa is applying for a Kiva loan (the first loan that she has received from Fundación Mario Santo Domingo). She would like to increase her working capital and be able to respond to the market which has turned its eyes towards her business.

Rosa will use this loan to buy a freezer and supplies in bulk. Her dream is to own her own premises but she needs to grow her business some more and increase her sales in order to achieve this dream. In the meantime, she continues working hard and making income to support her household.
View original language description ↓
Rosa es la propietaria de un restaurante ubicado en el barrio Boston de la ciudad de Barranquilla, negocio que inició cuando vivía en la casa de su madre y vendiendo algunos almuerzos a personas específicas, logró ganar un poco de dinero y desde entonces empezó a convertirlo en la fuente principal de sus ingresos y en la forma desarrollar su espíritu de independiente, a través del emprendimiento. . Ella es una m mujer casada y con un hijo de 7 años de edad, que una vez decidió dedicarse a esta actividad totalmente, cambió de vivienda y compró mesas, sillas y herramientas de trabajo y cuando empezó a crecer volvió a trasladarse para un local más grande donde ha continuado su crecimiento. En la actualidad, cuando los clientes no llegan a la hora exacta se quedan sin comprar el almuerzo, porque a Rosa ya se le ha terminado, esta es la razón por la cual acude al credikiva, que es el primer financiamiento que hace a la Fundación Mario Santo Domingo para aumentar su capital de trabajo y poder responderle al mercado que ha virado sus ojos hacia el negocio de Rosa, con este crédito comprará un congelador y materia prima en mayor volumen y poder conservar sus alimentos. Su sueño es tener su local propio pero necesita consolidarse mas y aumentar sus ventas para lograrlo, m mientras esto ocurre continua esforzándose en su trabajo y generando ingresos para apoyar su hogar.

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
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,828.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Rosa to buy a freezer and large quantities of supplies to prepare her meals.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2011
Listed
May 22, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012