Check out some available loans that are similar to this one!
Horacio
Horacio is a big handsome man who lives in the town of Puerto Colombia, a place located on the shores of the Caribbean sea. He states in a humorous way, as is the custom of the residents of this area, that a sausage prepared by him has "effects that activate the imagination," and the people can't help but smile at that. His business is very well-accepted in the market, because it is known for being a welcoming place with a Caribbean flavor. Horacio has his own business, and he works with his wife selling morcillas (sausages prepared with rice, pig's blood and vegetables), arepas (stuffed grilled corncakes), empanadas, beer, soft drinks and general groceries. For this couple, the business has done very well. But they have a dream of expanding it, and even converting it into an important sausage and cold cut distributor in the region, so that in the future their two children, now 18 and 21, can have a big company. His main challenge, given the expected growth in his market, is that his working capital is insufficient to allow him to buy in greater volume and expand his customer base. This is the reason that he came to apply for his Kiva loan, which will be his first loan with the Fundacion Mario Santo Domingo. With this loan, he will buy supplies to make sausages and fried foods. He will also buy soft drinks and other beverages that he will chill and sell to his customers, taking advantage of the heat and the thirst it produces in this land of beaches, breezes and sea which, in combination with his business experience, will make this investment very successful.
View original language description ↓
Horacio un hombre corpulento y bien parecido, que vive en el municipio de Puerto Colombia, lugar ubicado a orillas del Mar Caribe, afirma de manera jocosa, como la cultura de los habitantes de esta tierra, que un embutido preparado por él, tiene “efectos que activan la imaginación ” y la gente no puede dejar de sonreír al escucharlo. Su negocio tiene mucha acogida en el mercado, en el cual es reconocido por su carácter agradable y muy Caribe. Horacio tiene su propio negocio, con su esposa con la cual trabaja, vendiendo morcillas, (embutido preparado con arroz, sangre de cerdo, y verdura) arepas, empanadas, cervezas, gaseosas, y víveres en general; en su negocio a esta pareja, le ha ido muy bien, pero tienen el sueño de ampliarlo, hasta convertirlo en una importante distribuidora de embutidos y carnes frías de la región, para que en el futuro sus dos hijos, que hoy están en las edades de 18 y 21 años de edad, tengan una gran empresa. Su mayor desafío, ante el crecimiento de su mercado, es el insuficiente capital de trabajo, para lograr invertir en mayor volumen y ampliar su clientela. 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 insumos para la preparación de morcilla, fritos, así como refrescos y bebidas que enfriará y venderá a sus clientes, aprovechando el calor y la sed que producen una tierra de playa, brisa y mar, lo que acompañado de su experiencia de negocios, hace que esta inversión tenga mucho éxito.

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
  • 473
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,795.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Horacio to buy ingredients to make sausages and fried food, and to buy beverages to sell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2012
Listed
May 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013