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Madeleine Del Carmen
Madeleine, 38, lives in the city of Cartagena de Indias with her spouse and five children whose ages range from 2 to 17 years. She sells lunches there taking advantage of the fact that she lives very close to a very popular sports venue that many sports enthusiasts, parents, youngsters and children who play microfútbol [a type of soccer played on a smaller field and that combines rules from water polo, basketball, handball and soccer] attend and who are her main customers. She sells them traditional, regional meals for cash.

Her goal is to expand the business but she’s challenged by her insufficient working capital in face of her growing clientele. She also dreams with her children attaining higher education that will make a successful future possible. She purchases small amounts so her raw materials and ingredients for her meal preparation cost more so the prices of her products rise too. This is why she’s asking for a Kiva loan, the first financing she’ll get from Fundación Mario Santo Domingo, to buy and pay cash for larger amounts of rice, oil, grains and meats.
View original language description ↓
Madeleine de 38 años de edad vive en la ciudad de Cartagena de Indias, con su cónyuge y sus 5 hijos en las edades de 2 a 17 años. Allí se dedica a vender almuerzos, aprovechando que muy cerca está ubicado un escenario deportivo muy visitado por jugadores, padres de familia de jóvenes y niños que practican microfútbol, quienes son sus principales clientes a quienes les vende comidas típicas de la región en la modalidad de contado. Su meta es lograr ampliar su negocio pero su desafío es el insuficiente capital de trabajo, ante su creciente clientela. Así mismo sueña con lograr que sus hijos alcancen estudios superiores que potencien su éxito futuro. Sus compras las realiza en pequeñas cantidades y adquiere las materias prima e insumos para la preparación de alimentos a mayor costo, y por consiguiente se incrementan los precios de sus productos. Esta es la razón por la cual Solicita su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará en mayor volumen y de contado, arroz, aceite, granos y carnes.

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
  • 546
    View loans »
    Colombia Loans Fundraising
  • $14,658,975
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Madeleine Del Carmen to buy and pay cash for rice, oil, grains and meats.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2011
Listed
Oct 3, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013