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Maria Del Rosario
Maria, 53, is the mother of three children. She lives in the southern part of the city where she sells fast food, soft drinks and soup every day and also on weekends. She offers her customers a variety of products such as cakes and fritters. She started the business with the goal of increasing income to support her family. Her business has gone very well and she is enthusiastic about seeing it grow, even having it converted into a very well known and highly esteemed restaurant by her customers.

Maria’s sales volume is adjusted to her business infrastructure but she has gradually increased her clientele and that is when her working capital is insufficient to meet the demand. That is why she has come to Fundación Mario Santo Domingo for her first loan because she needs to make higher volume cash purchases of the basic ingredients used in preparing her food so she can get discounts. As well she wants to buy larger sized cooking pots since she is now preparing her food in small pots in the patio of her house over wood fires.

Her investment will be successful because she will get discounts and also she is making it at a time of high demand such as carnival season when there are festivities in the city and people do not cook but rather go out for food and drink. Her sales will increase as has happened before. Consequently Maria needs to be prepared to earn more money and to increase her working capital.
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Maria de 53 años de edad madre de 3 hijos, vive al sur de la ciudad donde vende comidas rápidas, refrescos y sopas diariamente y también los fines de semanas ofrece a su clientela, productos variados como pasteles y frituras, actividad que inició, con el fin de aumentar los ingresos para el sostenimiento de su familia. En su negocio le ha ido muy bien y está entusiasmada en hacerlo crecer, hasta convertirlo en un restaurante muy conocido y cotizado por su clientela. Su volumen de ventas se ajusta a la infraestructura de su negocio, pero gradualmente aumentan los clientes que consumen sus productos y es ahí cuando su capital de trabajo se torna insuficiente para atender su demanda. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, porque requiere hacer compras de contado y en mayor volumen de materias primas para la preparación de sus alimentos, con el fin de ganar descuentos, así mismo comprará ollas de un mayor tamaño, pues está preparando sus alimentos en ollas pequeñas en el patio de su casa y en leña. Su inversión será exitosa porque ganará descuentos; así mismo como la hace en una época de gran demanda comercial como los carnavales, en los cuales las festividades se toman a la ciudad y la gente no cocina sino que compra sus alimentos y refrescos , se incrementarán sus ventas, como usualmente ocurre, por eso Maria debe estar preparada para ganar mas dinero y aumentar su capital de trabajo.

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
  • 550
    View loans »
    Colombia Loans Fundraising
  • $14,876,100
    Funds lent in using Kiva
  • 1,775.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Maria Del Rosario to make higher volume cash purchases of the basic ingredients used to prepare her food so she can get discounts and to also buy larger-sized cooking pots.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 9, 2012
Listed
Feb 15, 2012
Currency Exchange Loss:
Covered
Ended:
May 19, 2013