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Aurora Del Carmen
Aurora is a 45-year-old woman who lives in the city of Barranquilla with her husband and four children who range from 18 to 26 years old. She sells fried products, soft drinks and sweets in a kiosk. Her experience with this business dates back two years, as she started it in the year 2010 when her husband was unemployed. They both decided to use savings, the product of his severance pay, in the purchase of a kiosk and to begin their own adventure of generating income independently. Initially, they bought a refrigerator and sold drinks and fried foods in a small quantity. With what she earned from the sales she would reinvest to buy a greater assortment. Hers is a family business, all the members of the family attend to it and little by little it has been growing up to the point that they are producers in greater volume. Previously they bought fried foods from third parties, but as of today they make the fried foods themselves daily, having a great reception for being located in a strategic place in front of a large school, where their customers include the students from that educational institution, teachers and also the neighbors of the area. They come to the kiosk and request the product that they want, especially in mid-morning, at lunch time, mid-afternoon and into the evening. So, the clientele is abundant throughout the day.

The loveliest time of the year is approaching for families, Christmas and the New Year, and the clientele of Aurora will deservedly celebrate with unity in their homes. They will spend what is necessary to feel happy. For that reason Aurora will offer products associated with the time of year like desserts, sweets and drinks and she will need a larger inventory of packaged food products like potato chips, cheese snacks and cookies. Faced with the prospect of increasing her sales, her working capital isn’t sufficient to invest as she needs to, for that reason it becomes a great challenge and she is turning to a Kiva loan, her second financing with the Fundación Mario Santo Domingo, to invest it in the purchase of a greater number of sweets and desserts to stock the business. She also wants to diversify, selling lunches and special dishes. They hope that the loan will help them to increase their sales, to be able to satisfy the demand of their customers and to earn more money that will benefit their home, as she has family dreams to fulfill that have to do with her four children. She wants them to be able to continue studying and to continue moving forward in life, so that it is very successful.
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Aurora es una mujer de 45 años que vive en la ciudad de Barranquilla, con su marido y cuatro hijos en las edades de 18 a 26 años. Ella vende productos fritos, bebidas refrescantes y dulces en un kiosco. Su experiencia con este negocio data de dos años, pues lo inició en el año 2010, cuando su cónyuge quedó desempleado; ambos decidieron utilizar los ahorros, producto de su liquidación, en la compra del kiosco, e iniciar su propia aventura de generación de ingresos de manera independiente. Inicialmente compraron una nevera y vendían bebidas y fritos en una pequeña cantidad. Con lo que ganaba por las ventas reinvertía, para comprar mayor surtido. Su negocio es familiar, lo atienden todos los integrantes de la familia y poco a poco ha ido creciendo, hasta el punto de ser productores en mayor volumen. Anteriormente compraba los fritos a terceros, pero al día de hoy, los hacen ellos mismos a diario, teniendo una gran acogida, por ubicarse en un lugar estratégico, frente de un Megacolegio, donde sus clientes incluyen los estudiantes esa institución educativa, profesores y también los vecinos del sector – ellos se acercan al kiosco y solicitan el producto que quieren, especialmente en las medias mañanas, la hora del almuerzo, medias tardes y hasta en la noche, así que la clientela es abundante durante todo el día.
Se acerca la época más linda del año para las familias, Navidad y año Nuevo, y la clientela de Aurora, justamente la celebrará con unidad en su hogar; ellos harán los gastos necesarios para sentirse felices, por eso Aurora ofrecerá productos asociados a la época como postres, y dulcería , bebidas, y necesitará un mayor inventario de productos alimenticios empacados como papitas, chitos, galletas; ante la expectativas de incrementar sus ventas, su capital de trabajo no es suficiente para invertir como ella necesita hacerlo, por eso se convierte en un gran desafió y está acudiendo, a un credikiva, su segundo financiamiento con la Fundación Mario Santo Domingo, para invertirlo en la compra de un mayor número de dulces y postres, para surtir el negocio. Ademas desea diversificar, vendiendo almuerzos y platos especiales. Ellos esperan que el crédito les ayude a aumentar sus ventas, para poder satisfacer la demanda de sus clientes y ganar mas dinero, que beneficie su hogar, pues tiene sueños familiares que cumplir, que tienen que ver con sus cuatro hijos – quiere que ellos puedan seguir estudiando y continuar adelante en su vida, para que esta sea muy exitosa.

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
  • 303
    View loans »
    Colombia Loans Fundraising
  • $13,796,725
    Funds lent in using Kiva
  • 1,797.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $850 helped Aurora Del Carmen to buy sweets, drinks and ingredients for lunches for her kiosk.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014