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Ernesto
When Ernesto completed his military service with the Colombian Army he was unable to find employment so decided to start his own business venture because he needed to generate income to cover his and his family’s expenses. This was how he started his hot-dog business that he added soft-drinks to. Gradually his clientele grew and he started to add more products like sausages, skewered meat and arepas. He’s been able to support himself this way and an enormous wish to widen his possibilities of earning more money has been born in him.

Weekends are when his sales increase and this is because families buy ready-made food so the women of the house can rest a bit from their cooking chores. He is preparing for the Christmas and New Year’s festivities which is the season when sales are the best. He does not want to miss out on it because of insufficient capital to buy the necessary ingredients to make his products and increase sales.

This is the reason why he’s turning to a Kiva loan to buy beef, sausages and sauces in larger amounts to qualify for volume and cash purchase discounts. In this way his Kiva loan will be successful because it favors his business’ development and increases his possibility of earning much more money which will lead to better living conditions.
View original language description ↓
Cuando Ernesto terminó de prestar el servicio militar en el Ejercito de Colombia y no encontró un empleo, decidió emprender su propia aventura de negocios, pues necesitaba genera ingresos para responder a sus propios gastos y los de su familia; así fue como inició su negocio de venta de perros calientes la que acompañó con refrescos; poco a poco su clientela creció y fue agregando otros productos, como chorizos, chuzos y arepas , con los cuales ha logrado sostenerse y han generado en él, un inmenso deseo de ampliar sus posibilidades de ganar mas dinero. Los fines de semana son las fechas en las cuales sus ventas se incrementan y esto resulta porque las familias compran la comida elaborada, para que las mujeres del hogar descansen un poco de sus quehaceres de cocina. Él se está preparandose para las fiestas de navidades y año nuevo, temporada en la cual, hace su mejor venta, y no quiere que pase desapercibida para él, porque su capital de trabajo no es suficiente para tener inventarios de insumos, con los cuales fabricar sus productos y aumentar sus ventas. Esta es la razón por la cual acude a un credikiva, mediante el cual comprará carne de res, embutidos y salsas en mayor volumen, para ganar descuentos por las compras de contado y en más cantidad. De esta manera su credikiva se hace exitoso, porque favorece el desempeño de su negocio y aumenta sus posibilidades de ganar mucho mas dinero, con el cual tener un mejor estar.

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
  • 299
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    Funds lent in using Kiva
  • 1,800.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Ernesto to buy beef, sausages and sauces in larger amounts.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 19, 2013