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Loraine
Loraine, 20, lives south of the city and has a family business preparing food, such as fried food and fast food. Her business was born when she came from the municipality of Malambo to the city of Barranquilla. She was gradually making progress attracting customers, mainly in the casinos located on a commercial corridor on one of the main interdepartmental routes. Now she is applying for her first loan, because she needs to grow and to do that she needs to find suppliers from whom she can buy in volume and on a cash basis, as they offer a better price. This is the reason for this Kiva loan, the first loan that she has taken from the Fundación Mario Santo Domingo. She will use this loan to buy raw materials, such as cooking oil, cereals and tubers. Her investment will be successful because she will get discounts that will increase her profits right away, and also benefit her customers. Her goal for the future is to have her own place where she could operate a big restaurant, offering a variety of dishes that are specialties of the region. While she works to achieve her dreams, she will manage a 15 day rotation of accounts receivable, and her inventory turnover will be every 2 days; these are the financial indicators from which she projects her growth.
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Loraine de 20 años de edad vive al sur de la ciudad y tiene un negocio familiar dedicado a la preparación de comidas, como fritos y comidas corrientes, su negocio nació cuando procedente del municipio de Malambo llegaron a la ciudad de Barranquilla, poco a poco han ido progresando consiguiendo clientela principalmente en los casinos de un corredor comercial ubicado en una de las principales vías interdepartamentales. En la actualidad está aplicando a un primer financiamiento porque su necesidad es crecer y para ello lograr conseguir proveedores que al comprarle en volumen y de contado, le ofrezcan un precio mejor. Esta es la razón de su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará materias primas, como aceite, cereales y tubérculos; su inversión será exitosa porque ganará descuentos que muy pronta trasladará a sus utilidades y para el beneficio de sus clientes. Su meta mas adelante es tener un local propio donde funcione un gran restaurante con diversidad de comidas propias de la región. Mientras trabaja por alcanzar sus sueños, maneja una rotación de cuentas por cobrar de 15 días y su rotación de inventarios es de cada dos días, indicadores financieros desde los cuales proyectamos su crecimiento.

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
  • 285
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,825.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Loraine to buy raw materials, such as cooking oil, cereals and tubers.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2012
Listed
May 30, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013