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Luis Carlos
Luis Carlos is married and has two children who are 2 and 8 years old. They live in the southwest part of the city where Luis has a business preparing meals which is his main source of income for his home’s wellbeing. He sells chicken with rice, fish with rice, arepas [turnovers], turnovers and fried cheese sticks that he transports daily in his bike/car vehicle to sell them for cash to his clientele located in the industrial park near his house. His dream is to turn his business into a food distributorship and also to acquire a house of his own. His greatest challenge is the crowded conditions shared by his family and his business.

Currently, Luis Carlos is applying for his Kiva loan, the first financing he gets from Fundación Mario Santo Domingo that he’ll use to buy ingredients to prepare his meals. He will also do some adjustments to the kitchen and to his vehicle, a bike/car that he uses to transport his products for sale. While Luis Carlos works hard to reach his goal, he manages a profit margin on sales of no less than 50% and a benefit over total assets ratio of 39.38%, financial indicators from which we can project potential growth and augur a successful investment of his Kiva loan.
View original language description ↓
Luis Carlos es casado y tiene dos hijos en las edades de 2 y 8 años, ellos viven al suroccidente de la ciudad donde, Luis tiene un negocio de preparación de alimentos, con el cual genera sus principales ingresos para lograr el bienestar de su hogar. En su negocio vende arroz de pollo, arroz de lisa, arepas, empanadas, deditos, los cuales transporta diariamente en su bici coche para venderlos de contado a una clientela ubicada en el parque industrial muy cerca de su vivienda. Su sueño es convertir su negocio en una distribuidora de alimentos y también adquirir su propia vivienda. Su mayor desafío es la estrechez del lugar donde convive en familia y simultáneamente desarrolla su proceso productivo. En la actualidad Luis Carlos está aplicando a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará insumos para la preparación de sus alimentos y realizará adecuaciones a su cocina y a su vehículo, bici coche donde transporta sus productos para la venta. Mientras Luis Carlos trabaja fuertemente por lograr su sueño, maneja una rentabilidad sobre las ventas, no menor del 50%, una rentabilidad sobre los activos de un 39,38%, indicadores desde los cuales proyectamos su potencial crecimiento y auguramos la exitosa inversión de 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
  • 152
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,782.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Luis Carlos to buy ingredients to prepare his food and do some remodeling in his kitchen and his vehicle.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2011
Listed
Sep 12, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012