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Maribel
Maribel is a hardworking woman who has a one-year-old son. She lives in the town of Sabanagrande, where she has a business selling food such as stews, fritters, and pastry or dough wrapped in either pita bread or banana leaves. These items are prepared with beef, chicken, pork, or a combination of all three, as well as with rice and flour. When she started her business in 2010, she only responded to a few orders for “hallacas” but her food was highly recommended by those who ate it. As a result, her orders increased and she generated more profits by adding other types of dishes that were mentioned earlier. Her business needs the support of operating capital in order to grow. This will allow her to buy raw ingredients in large volumes and with cash so that she can obtain discounts and improve the inventory of her business. For this reason, she is applying for a Kiva loan so that she can invest for this purpose.


Her dream is to totally remodel her facilities and she is gradually working hard to achieve this goal. In the meantime, Maribel is managing her cash flow so that she can meet her credit obligations and resolve her short-term commitments. She also has rapid product turnover. Based on the analysis and evaluation of these financial indicators, her Kiva loan should result in a successful investment and an increase in her growth potential.

View original language description ↓
Maribel es una mujer muy trabajadora que tiene un hijo de 1 año de edad. Ella vive en el municipio de Sabanagrande, donde tiene un negocio y vende comidas, como sancochos, frituras y pasteles o amasijo envuelto con pitas, en hojas de bijao, preparado con carne, pollo, cerdo, o trifásico, verduras, arroz o harina. Cuando inició su negocio e el año 2010 solo respondía a unos cuantos encargos de hayacas, como fue muy recomendada por aquellos que la consumían, aumentaron sus pedidos y generando utilidades ha logrado adicionar otras líneas de productos ya mencionadas. En su crecimiento le hace falta ser apoyada con capital de crédito, para lograr compras de materias primas en mayor volumen, ganar descuentos por hacerlo de contado y mejorar el menaje de su negocio . Esta es la razón por la que acude a su credikiva que invertirá en este propósito. Su sueño es tener totalmente adecuado sus instalaciones y gradualmente trabajará fuertemente para conseguirlo. Mientras esto ocurre maneja una capacidad de pago que le permite cumplir las obligaciones de créditos y solventar sus compromisos a corto plazo. Sus ventas son generalmente de contado, razón por la cual rotan rápidamente sus inventarios y desde el análisis y la evaluación de estos indicadores financieros, auguramos su potencial crecimiento y una inversión exitosa la que aplicaría con su credikiva.

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
  • 289
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,782.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Maribel to buy raw ingredients in large volumes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2011
Listed
Oct 1, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012