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Erica
38-year-old Érica is a married woman who has three children aged between 5 and 16. She has a food business where she prepares and sells 'chicha' (a traditional corn-based drink), soda, juice, potatoes stuffed with meat and cheese, cheese fingers, and snacks in general. She started her business when she realized that her mother earned good money in the same business. At first she started out selling soup and pies but gradually her work ethic and her desire to do well gave her new ideas. Now she not only sells meals in small quantities but she also has a sales location with heated display cases and a chiller cabinet where she offers nice cold drinks. She has a lot of sales owing to the permanent warm climate of the Colombian Carribean coast. Erica is currently applying for her first Kiva loan, which will also be her first loan from Fundacion Mario Santo Domingo. She will use it to buy raw materials such as butter, flour, tubers, cheese, soda and soft drinks in larger quantities. This will earn her discounts and she will be able to increase her production at a good time of year, before the carnival celebrations in her region, when fiesta and folklore increase her profits because people come together very near her business and they come to buy food from her. This gives them a renewed boost and allows them to continue dancing and enjoying Carribean folklore.
View original language description ↓
Érica de 38 años de edad es una mujer casada que tiene 3 hijos en las edades de 5 a 16 años de edad. Ella tiene un negocio de alimentos donde prepara y vende chichas, gaseosas, jugos, papas rellenas de carne queso, mixtas, deditos de queso y picadas en general, el cual inició cuando viendo a su madre, percibió que ganaba buen dinero con esta actividad. inicialmente empezó a vender sopa, pasteles, pero gradualmente su disciplina de trabajo y deseos de superación, le fue dando nuevas ideas; hoy no solo vende comidas en pequeñas cantidades, sino que también tiene un punto de venta con vitrinas calentadoras y un enfriador para ofrecer bien helados sus refrescos, venta potencializada por en el incesante clima cálido del Caribe Colombiano. En la actualidad está aplicando a su primer credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará materias primas, como mantequilla, harinas, tubérculos, queso , gaseosas y otros refrescos en mayor cantidad, para ganar descuentos y aumentar su producción en una buena época, como la previa a los carnavales de la Región, donde la fiesta y el folclor incrementan sus ganancias, por que las agrupaciones se concentran muy cerca a su negocio y le compran para alimentarse y tomar un nuevo impulso que les permita seguir bailando y disfrutando sanamente del folclor caribeño..

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
  • 267
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,836.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Erica to buy raw materials such as butter, flour, tubers, cheese, soda and soft drinks in larger quantities so that she can earn discounts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2012
Listed
Feb 8, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012