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Ruth Maria
Ruth undertook her primary business after gaining experience with her nephew. She learned how to keep her earnings separate from the ones that sustain her household. Her household is comprised of her two children, ages 27 and 28, and herself. Selling prepared food is a tradition in her family. The art of preparing food quickly is very useful and profitable for Ruth. With practice she is able to do it better. She sells prepared food in the evening and on festival days. On these days she can increase her sales. She is actually applying for her first loan with KIVA. This is also her first loan with the Mario Santo Domingo Foundation. With this loan she will buy sausages, salsa, vegetables and a microwave oven. Among the delicious food she prepares are hamburgers, hot dogs, potato chips and food items that she invented with the help of her loyal customers.
View original language description ↓
Ruth emprendió su negocio fundamentada en la experiencia que adquirió con su sobrino; esto la llevó a tener sus ingresos independientes con los cuales ha sostenido su hogar hoy conformado por ella y sus dos hijos en las edades de 27 y 28 años. La venta de comidas, es tradicional en su familia y el arte de la preparación de comidas rápidas le pareció a Ruth, muy útil y rentable además de práctico para replicarlo. Ella vende en las horas de la noche y especialmente los días festivos, momentos en los cuales se incrementan sus ventas. En la actualidad está aplicando a su primer credikiva, también primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará embutidos, salsa, veduras y un horno microondas; entre sus deliciosos productos, se encuentran las hamburguesas, los perros calientes, salchipapas y combinaciones que ella misma ha inventado con el propósito de que agrade a su clientela y lograr con ello fidelizarla.

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
  • 479
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,838.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Ruth Maria to buy sausages, salsa, vegetables and a microwave oven.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2012
Listed
Jan 17, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013