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Martha
Martha is 35 years old and she works making and selling lunches, an idea that was born after she worked in different places like stores, bakeries and restaurants where she acquired her 5 years of experience. In 2009, she began her own business, with a loan of 300 Colombian Pesos, loaned fixtures, 10 plates and a few chairs. The first day 15 customers arrived and today she can count on 50 customers each day. She provides lunches to 4 businesses and she offers 5 menus simultaneously. The sales are made directly to her customers and she sells 34% by credit and 66% by cash. Her main clients are employees of the businesses located in this area, where her restaurant is, and a few visitors from the neighborhood. Her highest goal is to acquire her own place where she can locate herself more comfortably and support the university education of her children so that in the future they will have a greater chance of success. Right now, her need to grow has not stopped, but her biggest challenge is that her working capital is insufficient to meet her business goals. This is the reason why she seeks a loan, the first financing that comes from the Fundación Mario Santo Domingo. Through the loan she will buy more source materials and supplies because she will respond to the demand of three more businesses and she needs to have sufficient inventory to be able to obtain discounts and the supplies necessary to respond to them. The greatest competitive advantage that Martha has is her experience, her capacity to work and her ability to confront her own challenges.
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Martha de 35 años de edad se dedica a la elaboración y venta de almuerzos, idea nacida después haber trabajado en diversos lugares como tiendas, panaderías y restaurantes donde adquirió su experiencia de 5 años; En el año 2009 inició su propio negocio, con $300.000 Cop, enseres prestados 10 platos y unas cuantas sillas; El primer día llegaron 15 clientes, y hoy cuenta con 50 clientes diarios, provee almuerzos a 4 empresas y ofrece 5 menús simultáneos. Sus ventas las realizan directamente al consumidor final y vende el 34% de ellas a crédito y el 66% de contado. Sus principales clientes son empleados de empresas ubicadas en el sector, donde esta su restaurante y algunos visitantes del barrio. Su meta mas adelante es tener un local de su propiedad donde ubicarse más cómodamente y apoyar las carreras universitarias de sus hijos para que en un futuro tengan un mayor potencial de éxito. Actualmente su necesidad de crecimiento no se detiene pero su mayor desafío es que su capital de trabajo se torna insuficiente ante el logro de sus metas empresariales. Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, mediante el cual comprará materias primas e insumos, pues responderá a la demanda de tres empresas mas y necesita tener suficientes inventarios para lograr descuentos e insumos para responder a ellas. La mayor ventaja competitiva de Martha es su experiencia y capacidad de trabajo y disciplina para afrontar sus propios retos.

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Martha to buy source materials and supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2012
Listed
Aug 22, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013