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Misael Antonio
Misael is 36 years old and is the owner of a restaurant and fast food stall in the town of Soledad, where he lives with his family. Eight years ago, he noticed that there was no place to purchase prepared food in his neighborhood; so he started to entertain the possibility of starting his own food business. And today, this is the activity that is his and his family's main source of income. He offers lunch and dinner, stuffed arepas (corn loaves) and other fast food, which he sells from 8 am to midnight.
He buys in bulk from wholesalers and delis, which allows him to get frequent discounts. This will be the first time he will receive a loan from the Fundacion Maria Santo Domingo and he plans to make it a success, as this will be a Kiva loan. With the loan, he will purchase a refrigerator, an industrial stove and kitchen help, as well as supplies to prepare his dishes - such as salsas, vegetables, food and refreshments. He is planning on modernizing his amenities, so he can be more organized and offer his clients more convenience. He hopes this will allow him to decrease work time and give him a little more free time. He hopes he can decrease expenses, which should enable him to give his clients better prices and thus allow him to become more competitive.
View original language description ↓
Misael de 36 años es el propietario de un restaurante y puesto de comidas rápidas en el municipio de Soledad, donde habita con su familia. Desde hace 8 años, cuando notó que en su vecindario hacia falta un punto de ventas de comidas, empezó a estructurar su posibilidad de emprender el suyo; y hoy es la actividad con la que genera ingresos para el sostenimiento de su hogar. Sus principales productos son las comidas y almuerzos, arepas rellenas y en general comidas rápidas, que ofrece desde las 8 de la mañana hasta las 12 de la noche. Sus compras las realiza en distribuidoras y salsamentarías en mayor volumen, con lo cual gana frecuentes descuentos. Esta es la primera vez que recibe un crédito de la Fundación Mario Santo Domingo, y planea sea todo un éxito, porque será un credikiva, con el que comprará un enfriador, una estufa industrial, y menaje de cocina, además insumos para la preparación de sus comidas, como salsas, verduras, víveres y refrescos, porque planea actualizar su infraestructura, brindarle mayor comodidad al clientes y estar mas organizada, para disminuir los tiempos productivos y mejorar sus descansos, así mismo disminuirá los costos productivos que le facilitaran otorgarle mejores precios a sus clientes para ser mas competitivo.

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
  • 249
    View loans »
    Colombia Loans Fundraising
  • $13,361,775
    Funds lent in using Kiva
  • 1,780.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,425 helped Misael Antonio to purchase a refrigerator, an industrial stove and kitchen help.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2013
Listed
Jan 29, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014