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Teobaldo
Teobaldo owns a butcher shop called "Carnes Fines El Establo"; his father was also a butcher for most of his life. He is also studying public accounting at a university. His business developed after working with his father, where he gained the experience he needed to start his butcher shop a year ago. His monthly sales cover his operating costs, among them the cost of four assistants and his share of the expenses of the household he shares with his wife, who is an accountant and works in a business in Barranquilla. The strong point of his business is the excellent infrastructure of the equipment and premises. He keeps his accounts up to date, and his margin of profit is sufficient for his business.

Teobaldo is currently seeking his first loan with the Mario Santo Domingo Foundation and is very pleased with the Kiva interest rates because the loan will allow him to make bulk purchases using cash so as to get a discount. He will use the loan to buy beef for which he has orders. He is working to increase his working capital so that he can expand his business in strategic ways and increase his income in order to plan the development and growth of his family. He wants his son can have more opportunities to study in the future and succeed in life.
View original language description ↓
Teobaldo es propietario de una unidad de negocios a través de la cual expende carne y lleva por nombre: "Carnes Finas El Establo"; esta actividad fue heredada ya que su padre se dedicó la mayor parte de su vida a ella, su labor la complementa con sus estudios universitarios de contaduria pública. Su negocio nació despues de trabajar con su padre,con quien logró mucha experiencia y decidió independizarse para emprender su propia aventura hace un año. Con sus ventas mensuales cubre sus costos operativos entre ellos los sueldos de cuatro ayudantes y aporta a los gastos del hogar al igual que su esposa que es contadora y labora en una empresa en la ciudad de Barranquilla, la fortaleza de su negocio es la excelente infraestructura en cuanto a los activos fijos requeridos para su desempeño. Sus cuentas por cobrar rotan con agilidad y su margen de rentabilidad es adecuado para la actividad que realiza. En la actualidad Teoblado está solicitando su primer financiamiento a la Fundación Mario Santo Domingo y le ha entusiasmado la linea de kiva por la tasa de interes que se otorga en ella, porque le ayuda ha ahorrar en sus compras que son de contado y por ser en volumen gana descuentos. Con su credikiva comprará carne de res sobre pedidos. Su meta es ampliar su capital de trabajo para extender el negocio en puntos estratégicos y fortalecer sus ingresos pues planea el desarrollo y crecimiento de su familia en el marco de que su hijo tenga oportunidades de estudio futura que le augure total éxito.

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
  • 299
    View loans »
    Colombia Loans Fundraising
  • $13,785,050
    Funds lent in using Kiva
  • 1,781.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Teobaldo to buy meat in bulk.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2011
Listed
Jun 30, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012