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Carlos
Carlos is 45 years old, married, and the father of two children (ages 11 and 12). He is a resident of San Jacinto, a town in the Department of Bolívar, where he is well-known for being a good citizen and a meat vendor. Carlos has a butcher shop where he sells meat by the ounce, by the pound, or by the kilo according to the needs of his customers. His experience included a traditional upbringing. Carlos learned his trade from his father and now he has his own business, which allows him to earn enough income to support his family. However, he wants to grow his business so that he can provide for the greater welfare of his children while they are still young and in school.


Carlos sells his products for cash and also on credit. He has the necessary equipment for his job such as knives, cleavers, tables, and a freezer with very good storage capacity of which he needs to make more effective use. His plans going forward are to modernize his butcher shop with special machines and to secure a well-equipped location near his home. The greatest challenge he faces is dealing with the sporadic power outages that occur whenever the town has to perform maintenance and repairs. As a result, he has to resort to the old technique of salting the meats in order to preserve them. He encourages his customers to prepare a delicious stew that includes three types of salted meat. In the meantime, Carlos works toward generating a profit margin of no less than 17% from his sales. He continually strives to improve his operating capital by securing financing.


For this reason, he has come to Fundación Mario Santo Domingo to apply for his first loan. Using the Kiva funds, Carlos will buy meat in large amounts so that he can expand his customer base and sell more products to them. This will allow him to offer discounts so that he can attract and keep his customers.

View original language description ↓
Carlos de 45 años, casado y padre de dos hijos en las edades de 11 y 12 años, es un habitante de San Jacinto, municipio del departamento de Bolívar, donde es muy conocido por ser un buen ciudadano y comercializar carne mediante un expendio o punto de ventas donde le compran a través de unidades de peso como onzas, libras, kilos de acuerdo a las necesidades y posibilidades de sus clientes. Esta experiencia es tradicional para Carlos, porque él la aprendió de su padre y en la actualidad es su propio negocio, el que le permite un ingreso suficiente para el sostenimiento de su familia y por eso quiere hacerlo crecer, pues planea mayor bienestar para sus hijos que en la actualidad están pequeños y son estudiantes. Carlos vende de contado y también a crédito, el tiene además de sus herramientas como peso cuchillo hacha, mesas, un congelador con muy buena capacidad de almacenamiento que necesita aprovechar más efectivamente. Su meta más adelante es modernizar su carnicería con maquinarias especiales en un local bien acondicionado y contiguo a su vivienda; su mayor desafío ocurre esporádicamente, cuando en el pueblo suspenden el fluido eléctrico por mantenimiento o reparación del sistema eléctrico y debe acudir a la vieja técnica de salar la carne y promocionarla, teniendo como base la preparación de deliciosos sancochos trifásicos, que incluyen tres tipos de carnes saladas. Mientras Carlos trabaja generando una rentabilidad sobre la venta no menor del 17%, continua esforzándose por aumentar su capital de trabajo mediante financiamiento, propósito por el cual acude a la Fundación Mario Santo Domingo, para aplicar a su primer financiamiento; con su credikiva comprará carne en mayor volumen, para aumentar su clientela y ofrecer un producto que comprado en mayor volumen, le permite un buen descuento que traslada a sus clientes, con tal de conservarlos y multiplicarlos.

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
  • 175
    View loans »
    Colombia Loans Fundraising
  • $13,230,600
    Funds lent in using Kiva
  • 1,782.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Carlos to purchase meat in bulk.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 14, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012