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Cristo
Cristo is 39 years old. He is a married man and lives with his wife and 3 children, aged between 9 and 16 years, in the municipality of Soledad where he has a restaurant. He sells meals, set meals and fast food among the other delights of Caribbean cuisine. He started out as an entrpreneur selling fish which he brought from Sucre, a municipality he used to live in before, to sell at the public market in the city of Barranquilla where he sold it at his brother-in-law's stall. Gradually he built up a large clientele and for this reason decided to move to Soledad, where he bought a plot of land and built his own house, looking for a way to not have to travel so much and pay more attention to his family. There, together with his wife, he started making meals and this is what he currently does and with which he has managed to take care of his family. Currently he is applying for his first loan with the Fundación Mario Santo Domingo with which he will buy ingredients to make his food in larger quantities. He will also repair his industrial oven, looking to get it in excellent condition for the end of year, a season of great commercial activity in the food sector as families celebrate and buy ready made food instead of making it themselves. His main customers are his neighbours and a few people who work in companies and usually come to savour the delicious sancochos (traditional, regional type of stew), prepared at the small rneighbourhood restaurant of Ciudadela Metropolitana and which are now well known. His investment will be successful because he will receive discounts for bulk purchase buying and cash payments and because it will increase his working capital and earn him a bit more than usual.
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Cristo de 39 años de edad es un hombre casado que vive con su esposa y sus 3 hijos en las edades de 9 a 16 años, en el municipio de Soledad donde tiene un restaurante, en el cual vende comidas, corrientes, rápidas entre otras delicias de la cocina caribe. Él se inició como emprendedor vendiendo pescado que traía desde Sucre, municipio donde vivía anteriormente, para venderlo en el merado público de la ciudad de Barranquilla, en el puesto de su cuñado, gradualmente construyó una gran clientela y decidió por eso trasladarse a Soledad, donde compró un lote y construyó su propia casa, buscando la forma de no viajar tanto y estar más atento a su familia. Allí se dedicó junto a su esposa a la preparación de comidas y esto es en lo que actualmente se desempeña y con lo que ha logrado sacar adelante a su familia. En la actualidad está aplicando a su primer financiamiento con la Fundación Mario Santo Domingo, con el cual comprará insumos para la preparación de sus alimentos en mayor proporción y también hará reparaciones a su estufa industrial, buscando ponerla en excelente estado para la finalización del año, temporada de gran movimiento comercial en la actividad de alimentos, porque las familias hacen sus fiestas, y compran comida preparada en lugar de elaborarlas. Sus principales clientes son los vecinos de su barrio y algunos que trabajan en empresas y que usualmente acuden a consumir los deliciosos sancochos, que se preparan en el pequeño restaurante del barrio Ciudadela Metropolitana y que hoy son muy reconocidos. Su inversión será exitosa por los descuentos que recibirá por sus compras en volumen y de contado y porque ampliará su capital de trabajo y ganará un poco mas de lo acostumbrado.

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
  • 302
    View loans »
    Colombia Loans Fundraising
  • $13,885,275
    Funds lent in using Kiva
  • 1,927.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Cristo to buy ingredients to make his food in larger quantities and also repair his industrial oven.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2011
Listed
Dec 11, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012