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Julio
Julio, 19, lives on the south side of Barranquilla. He and his mother started a restaurant in Cartagena two years ago and moved it to Barranquilla when they returned there. They open the restaurant for breakfast and lunch. Their main customers are people who live in the neighborhood or workers at the factories nearby. Julio wants to study for a degree in Electronics. He hopes that his business will grow and prosper because it is the main source of income for him and his family. He plans to buy bulk supplies of the goods he needs for the restaurant so that he can save on transportation costs, lower his costs for the goods and save the time he has to spend buying what he needs for the restaurant. He will use this Fundacion Mario Santo Domingo loan, with help from Kiva lenders, to buy what he needs--rice, cooking oil, pasta, salt, sugar, sauce and tableware--to operate his business and provide a better service. The investment will help him grow the business. Our analysis shows that he can cover the costs of his monthly payments with only 18 days of revenue and that his profit margin is 18% or more. This loan will help him improve both measures.
View original language description ↓
Julio de 19 años de edad vive al sur de la ciudad y empezó un negocio con su madre dese hace dos años en la ciudad de Cartagena y lo continuó en Barranquilla cuando regresaron a su tierra natal. Ellos tienen un restaurante donde se dedican principalmente a la venta de desayunos y almuerzos, sus principales clientes son vecinos del barrio y empleados de empresas cercanas litografías, fabricas entre otros. Su meta principal es estudiar la carrera de Ingeniería Electrónica y hacer más grande y próspero su negocio, que constituye el generador de sus ingresos personales y familiares. En la actualidad planea lograr compras en mayor volumen para disminuir gastos de transportes, precios competitivos comprando en volumen y efectividad en el tiempo dedicado a las tareas que requiere el proceso productivo del negocio. Estas son las razones por las cuales acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará materias primas, como arroz, aceite, pastas, sal, azúcar, salsa y una nueva vajilla para mejorar su servicio en la mesa y la posibilidad de atender un mayor número de clientes. Su credikiva proyecta tener éxito, porque su negocio tiene un potencial de crecimiento, evidenciado en sus indicadores financieros que son ajustados a las características de este tipo de negocios, mostrando una rotación de cuentas por cobrar de 18 días, una rentabilidad sobre las ventas no menor del 18% , la cual que proyecta aumentar con esta nueva inversión.

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
  • 192
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,784.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Julio to buy supplies for his restaurant business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2012
Listed
Jul 15, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 2, 2013