Check out some available loans that are similar to this one!
Gloria Isabel
Gloria, 53, lives in the “Las Estrellas” neighborhood with her spouse and three children whose ages range from 15 to 23. She has a restaurant/tavern at home, a business she started over 23 years ago with a small table, pots and a home stove. Today, not only has its physical infrastructure grown since it now has an industrial stove and all kitchenware but it’s become a restaurant with three employees that help her meet the needs of her diverse and exclusive clientele with daily meals that are quite appealing.

Her Kiva loan is the third loan she’s gotten from Fundación Mario Santo Domingo. She used the previous ones to increase her working capital through reinvestment and disciplined work. The current loan will be used to do some kitchen refurbishing. She will add a galvanized steel work table, which is more hygienic and easier to clean. She will also buy more kitchenware and raw materials and supplies to meet growing customer demand who sometimes have to be turned away because the food has run out. While Gloria strengthens her dream to expand her physical space to attain customer comfort, she runs the business with a profit margin of no less than 25% firmly supporting her family’s income.
View original language description ↓
Gloria de 53 años de edad, vive en el barrio Las estrellas con su cónyuge y sus tres hijos en las edades de 15 a 23 años; ella en su casa tiene un restaurante y estadero, negocio que inició hace más de 23 años , con una pequeña mesa ollas y estufa casera; Hoy no solo ha crecido su infraestructura física que ya cuenta con una cocina industrial y todo el menaje, sino que se ha convertido en un restaurante, con 3 empleados que la ayudan a que diariamente pueda responderle a su diversa y exclusiva clientela, con los menús que son más apetecidos. Su credikiva es el tercer financiamiento que hace a la Fundación Mario Santo Domingo, con los anteriores ha logrado hacer crecer su capital de trabajo, mediante su reinversión y trabajo disciplinado. El financiamiento actual está dirigido a hacer adecuaciones a su cocina, agregándole un mesón en lámina galvanizada, el cual es muy higiénico y fácil de asear; así mismo comprará más menaje y materias primas e insumos, para responderle a su creciente clientela, que muchas veces se devuelven porque la comida se ha terminado. Mientras Gloria fortalece su sueño de ampliación de su espacio físico, para lograr el confort de los clientes y el suyo propio, maneja su negocio con una rentabilidad sobre las ventas no menor del 25% , apoyando firmemente su ingreso familiar.

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
  • 180
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,760.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Gloria Isabel to buy a galvanized steel work table, more kitchenware and raw ingredients and supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2011
Listed
Aug 1, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012