Check out some available loans that are similar to this one!
Narlys
Narlys serves meals, especially soups, to her neighbors in the municipality of Galapa. She also sells lunches, although in smaller quantities. She lives with her partner, and her seven year-old daughter, and they are the reason for her starting the business.

This is how she helps her husband with the household expenses. Her husband is employed by a company in the city of Barranquilla, where he works in security and has other duties.

Her monthly sales generate a good profit margin, which allows her to contribute a significant amount to the household expenses. Although she has few fixed assets, one of her goals is to set up her business in a permanent location, and to have all the infrastructure of a restaurant.

She wants to grow over time, and this is the reason why she is applying for her credikiva (loan). This is her first loan from Fundación Mario Santo Domingo, and she will use it to buy meats and other ingredients for making her meals, at wholesale. Her aim is to obtain greater discounts on her purchases, so that she can reduce her production costs.

She is planning to make this investment in the month of December, when her sales usually increase; she will take advantage of the season to minimize her risks and that is precisely her potential for success.
View original language description ↓
Narlys se dedica a la venta de comidas en especial de sopas entre sus vecinos del barrio en el municipio de Galapa, también vende aunque en menor cantidad almuerzos. Vive con su cónyuge y su hija de 7 años y estos mismos de haber emprendido su negocio; con ello apoya a su esposo en los gastos del hogar, el señor es empleado de una empresa en la ciudad de Barranquilla donde se desempeña en la labor de vigilancia y oficios varios.
Sus ventas mensuales le generan un buen margen de rentabilidad lo que le permite aportar una suma importante a los gastos del hogar, aunque cuenta con pocos activos fijos, entre sus metas está organizar su negocio en un local y tener allí toda la infraestructura de un restaurante. Ella gradualmente quiere crecer y esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará al por mayor carnes y otros insumos, para la preparación de sus comidas, con el fin de que sus compras le resulten con mayores descuentos y pueda disminuir los costos de producción. Ella planea hacer esta inversión en el mes de Diciembre, cuando usualmente se incrementan sus ventas y aprovechará para minimizare los riesgos en ésta época y es justamente su potencial de exíto.

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

  • $11,100
    Average annual income
  • 484
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,940.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Narlys to buy meats and other ingredients for making her meals, at wholesale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2011
Listed
Dec 6, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013