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Matilde Vicenta
MatilD. arrived in this city six years ago from Aracataca, a town in Magdalena department where she worked in the restaurant business. That is where she gained her vast experience in preparing food. MatilD. is a widow and lives in the home of one of daughters in Aracataca. Her daughter runs a restaurant in that town. MatilD. has a fast food business where she sells hot dogs, burgers, fries and 'chicha' (a corn-based drink). She carries out her business in the mornings in the Los Robles neighborhood, in the town of Soledad, in Atlántico department. She works in rented premises. In the afternoons, she works in Malambo, another town in the same department.

MatilD.'s business has little working capital since her sales are generally carried out in cash and she has little inventory of raw materials and supplies. She makes her purchases daily in grocery stores. MatilD.'s goal is to increase her working capital so that she can buy her products in greater quantities and gain discounts for buying in bulk. This will increase her profitability. For this reason, she is applying for this Kiva loan which is her first loan through Fundación Mario Santo Domingo. She will use it to buy raw materials such as rice, sugar, flavorings, sausages, sauces, sugar, bread (hot dogs), bread (burgers) vegetables, meat and oils. This purchase will also enable her to reduce her transport costs.
View original language description ↓
La señora MatilD. llegó a la ciudad hace 6 años procedentes D. Aracataca, municipio del departamento del Magdalena donD. se dedicaba al negocio D. restaurante, D. ahí su vasta experiencia en la preparación D. alimentos; la señora MatilD. es viuda y vive en casa D. una hija que resiD. en Aracataca y quien tiene a cargo su restaurante en esa población, mientras la señora MatilD. tiene un negocio D. comidas rápidas, donD. venD. perros calientes, hamburguesas, fritos y chichas, actividad que desarrolla en horas D. la mañana en el barrio los robles del municipio D. Soledad, en el departamento del Atlántico en un local arrendado y en la tarD. funciona en Malambo otro municipio D. este mismo departamento.
El negocio D. la señora MatilD. presenta poco capital D. trabajo, ya que sus ventas en general son D. contado y maneja pocos inventarios D. materias primas e insumos, pero sus compras las realiza a diario en graneros. Su meta es incrementar su capital D. trabajo para comprar en mayor cantidad y ganar descuentos por volumen, que finalmente incrementarán su rentabilidad. Esta es la razón por la cual acuD. a su credikiva que es el primer financiamiento que hace a la Fundación Mario Santo Domingo, con el comprará materias primas como arroz, azúcar, saborizantes, salchichas, salsas, azúcar, pan/perro, pan/hamburguesa, verduras, carnes y aceites, compra que le permitirá también, disminuir los costos D. transporte.

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
  • 507
    View loans »
    Colombia Loans Fundraising
  • $14,940,300
    Funds lent in using Kiva
  • 1,781.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Matilde Vicenta to buy supplies such as rice, sugar, flavorings, sausages, sauces, sugar, bread (hot dogs), bread (burgers), vegetables, meat and oil.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2011
Listed
Jun 30, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012