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Julio
Julio is 25 years old. He sells desserts and frozen products made with wheat flour: he himself prepares his products, making use of the technical course he has followed 2 years ago at SENA – Servicio Nacional de Aprendizaje (National Apprenticeship Service). He has set up his activity in the house where he lives with his family. Julio prepare the delicious “deditos”, empanadas, pies and desserts for the delight of all the families taking part in different events, as his main customers are cafeterias of the city center, the events managing agencies and his neighbors, who buy form him the tasty snacks they offer during their parties and special celebrations. He accepts cash, even thought in some cases he sells by credit; when there is an increase in the requests, he pays extra laborers to help him make his products for the events. The requests for his products have actually increased, and he needs to comply wit his orders; however, in order to satisfy the necessities of his production, he needs to solve his main problem, i.e. his working capital. This is why he has requested a loan, and this is the first he has requested to Fundación Mario Santo Domingo. He will use it to buy basing ingredients and supplies to make with his own hands cheese “deditos”, meat empanadas, cheese and “mixtas” (toasted cheese and ham sandwiches) and other frozen products, with which he wishes to satisfy the requests of his more profitable customers, as it is thanks to them that his activity is profitable, allowing him to increase his earnings and to keep on improving his standard of living.
View original language description ↓
Julio de 25 años se dedica a la venta de postres y productos congelados derivados de la harina de trigo, los cuales prepara él mismo, después de haber recibido un curso técnico en el SENA, servicio Nacional de Aprendizaje, desde hace 2 años. El negocio funciona en la vivienda donde habita con su familia; Julio prepara deliciosos deditos, empanadas, pastelitos y postres que deleitan a las familias en los diferentes eventos que realizan, siendo principalmente su clientela las cafeterías, del centro de la ciudad, las casas de eventos y los vecinos que acuden a él para repartir sus productos como pasabocas en fiestas y eventos especiales. Sus ventas las realiza de contado, aunque hay oportunidades en las que ofrece créditos y cuando el mercado aumenta su demanda, la producción la realiza con personas que contrata por evento. En la actualidad la demanda de productos se ha incrementado y el necesita responder a su mercado, pero su capital de trabajo se convierte en su principal desafío, para poder cumplir con su necesidad productiva. Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará materias prima e insumos, para fabricar con sus propias manos, deditos de queso, empanadas de carne, queso y mixtas, entre otros productos congelados, con los que aspira a responder a su clientela mas rentable, que es finalmente la que genera las utilidades, que le permiten aumentar sus ingresos y mejorar su bienestar cada vez mas..

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
  • 301
    View loans »
    Colombia Loans Fundraising
  • $13,885,275
    Funds lent in using Kiva
  • 1,830.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Julio to buy ingredient to prepare his products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2012
Listed
Jun 8, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013