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Luis Carlos
Luis Carlos is fifty years old and has a business in the city market, where he sells beef, pork, offal, and cold meats. His experience dates back to sixteen years ago, when he learned everything about meats from his mother; she had a similar business and Luis Carlos used to help her. Because of this, he bought his own business in the market when he had the opportunity to do so; he knew that this type of business yields good profits.

Today, he feels very satisfied and wants to continue improving his business while maintaining the site with the best conditions and good prices. He also wants to sell more meats, since he has the goal of earning more income. He wants to do this so that his children have the best options for school.

Currently, he is applying for a Kiva loan; this is his first financing with the communal bank Fundación Mario Santo Domingo. He will use the loan money to buy beef, pork, and cold meats in greater quantities in order to obtain the best prices. He also needs the loan because the carnival festivals (alluding to the celebration of Barranquilla) are approaching and he should be prepared, since the sales increase in this season both during and after the festivals.

The meats are the ingredients needed in all of the dishes, especially in the three-phase stew (a soup with three types meat), which is the meal most consumed by his clients in order to sustain themselves or to get ride of a hangover or other discomfort that can happen after consuming alcoholic beverages.
View original language description ↓
Luis Carlos de 50 años de edad, tiene un negocio en la plaza del mercado de la ciudad, donde vende carne de res, de cerdo, viseras, y hasta carnes frías. Su experiencia data de hace 16 años, cuando de su madre aprendió todo lo que sabe de carnes, pues ella tenia un negocio con las mismas características en el que Luis Carlos le ayudaba. Por eso cuando tuvo la posibilidad compró su propio negocio en el mercado, porque conocía que daba buenas ganancias; hoy se siente muy satisfecho y quiere continuar mejorando su negocio, manteniendo el sitio con las mejores condiciones exigidas y buenos precios, para vender mucho mas, porque tiene la meta de generar mayores ingresos, para que sus hijos tengan las mejores opciones de estudio. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará carne de res, de cerdo, y carnes frías en mayor proporción, para obtener mejores precios y también porque se acercan las fiestas carnavaleras (alusivas al carnaval de Barranquilla) y debe estar preparado, porque en esta temporada las ventas aumentan, pues durante y después de las fiestas, las carnes son los ingredientes de todas las comidas especialmente si se trata de un sancocho trifásico, (sopa, con tres tipos de carnes) que es el que mas consumen sus clientes, para sostenerse o aliviar la resaca, o malestar que padecen después de consumir las bebidas alcoholicas.

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
  • 362
    View loans »
    Colombia Loans Fundraising
  • $14,083,800
    Funds lent in using Kiva
  • 1,777.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $675 helped Luis Carlos to buy beef, pork, and cold meats in larger quantities.
98% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2013
Listed
Jan 31, 2013
Currency Exchange Loss:
Possible
Ended:
May 20, 2014