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Edgar Manuel
39-year-old Edgar lives with his wife and his two children, who are 1 and 12 years old, in Galapa; a place known as a creative town for craftsmen of baskets and masks, in addition to having a large rancher population. Currently, they are carrying out large scale construction in the industrial areas and it is the location for one of the greatest town fairs, which at the moment encourages Edgar who sells fast food at a strategic spot where for three years he has managed to maintain good prices and stock with which he makes his offering each day. Before starting his own business he was an administrator in a similar business in the city of Barranquilla. Little by little he raised money and had the opportunity to take advantage of his experience and begin his own generator of income. Today, he is known in the town of Galapa for delicious hotdogs, hamburgers, pizza, and salchipapas (a kind of kebab) that he makes with the best sauces, which he prepares himself.

Today he is applying for a Kiva loan, his first financing through Fundación Mario Santo Domingo, with which he will increase the size of his purchases of supplies like bread, tomato sauce, mayonnaise, and mustard, getting him better discounts at a time when sales increase in response to the carnivals. This is what makes sure the investment will be opportune and very successful. His larger goal is to buy a restaurant space and acquire a new position that will generate new income and greater reputation in the plaza.
View original language description ↓
Edgar de 39 años, vive con su cónyuge y sus dos hijos de 1 y 12 años, en Galapa, lugar conocido como un municipio artesano creador de canastos y mascaras , además de tener una gran poblacion ganadera, y en la actualidad se están llevando a cabo, la construcción de zonas industriales a gran escala y se realiza uno de los mejores carnavales municipales, que en esta temporada potencializa el negocio de Edgar, quien vende de comidas rápidas en un punto estratégico, en el cual desde hace 3 años ha logrado mantener buenos precios y un stock con el que inicia cada día su oferta. Antes de iniciar su negocio era administrador de un negocio igual en la ciudad de Barranquilla, poco a poco reunió dinero y tuvo la oportunidad de aprovechar su experiencia y emprender su propio generador de ingresos, hoy en el municipio de Galapa lo conocen por los deliciosos perros calientes, hamburguesas, pizza y salchipapas que elabora con las mejores salsas que él mismo prepara. En la actualidad está aplicando aun credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual aumentara el volumen de sus compras en insumos como panes, salsa de tomate, mayonesa, mostaza obteniendo mejores descuentos en una época donde las ventas se incrementan para dar respuesta a los carnavales y esto es lo que hace que esta inversión sea oportuna y tenga mucho éxito. Su meta más adelante es comprar un local y adquirir un nuevo puesto de trabajo, que genere nuevos ingresos y mayor posicionamiento en la plaza.

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

  • $11,100
    Average annual income
  • 481
    View loans »
    Colombia Loans Fundraising
  • $15,253,675
    Funds lent in using Kiva
  • 1,780.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Edgar Manuel to buy supplies like bread, tomato sauce, mayonnaise, and mustard.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014