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Maria
María (51 years old) is a married woman who lives with her husband and their two children, ages 18 and 24, in a neighborhood south of the city of Barranquilla.

Her business is food preparation, especially snacks, appetizers and delicious pastries which are traditional foods in this region (a mixture of rice, vegetables and three types of meat in dough, wrapped in "bijao" leaves). She began this experience by preparing fast foods for parties, like cheese straws and small empanadas for special events like First Communions and birthdays for family members and some friends. Gradually her business grew, and now she works with better results because she has a growing customer base that she plans to expand by injecting the working capital from her Kiva loan, which is her first loan from Fundación Mario Santo Domingo. She will use it to buy equipment like a mixer and baking pans, as well as bigger amounts of raw materials to save on her purchases and translate those savings into good prices for her customers. María's main dream is to have a banquet hall somewhere in a different building from her house, where everyone will come to meet her and have their group events, and where she can offer comfortable service that she can replicate.

Currently she faces a great challenge that she must resolve soon in order to fulfill her dream of growing, and that challenge is that she does not have a freezer for storing appetizers. She keeps them in a family refrigerator, and because of this she must prepare and sell her products quickly, and this makes her work less effective.
View original language description ↓
María de 51 años es una mujer casada que vive con su esposo y sus dos hijos en las edades de 18 y 24 en un barrio ubicado en el sur de la ciudad de Barranquilla. Su negocio es la preparación de alimentos, especialmente de picadas, pasabocas y deliciosos pasteles típicos de la región (amasijo en hoja de bijao a base de arroz verduras y tres tipos de carnes). Ella empezó su experiencia con la preparación de comidas rápidas para fiestas, como deditos de queso, y empanadas pequeñas en eventos especiales como primeras comuniones, cumpleaños de familiares y algunos amigos; gradualmente fue creciendo y ahora trabaja con mayores resultados pues ha logrado una creciente clientela que planea ampliar, inyectando un capital de trabajo proveniente de su credikiva, que es el primer financiamiento que hace a ala Fundación Mario Santo Domingo, con el cual comprará utensilios como una batidora y moldes, además de materias primas en mayor volumen para ahorrar en las compras y traducirlo en buenos precios de sus productos para su clientela. Su principal sueño es tener una casa de banquetes en un local diferente de su casa, donde todos la conozcan y logre realizar sus eventos grupales y pueda a su vez ofrecer un servicio confortable que se replique. En la actualidad enfrenta un gran desafío que debe resolver prontamente para lograr cumplir su sueño de crecer y es el de no tener un congelador para guardar los pasabocas, lo hace en una nevera familiar y por eso debe preparar sus productos y venderlos rápidamente y esto le genera menos efectividad.

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
  • 139
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,745.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Maria to buy equipment like a mixer and baking pans, as well as larger amounts of raw materials.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2011
Listed
Jul 23, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012