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Carmen Maria
The need to generate income for the improved well-being of her home and the desire to work were what drove Carmen, a widowed woman, to start her business in 1973. She prepares and sells breakfast, lunch, and dinner meals. She offers this service at her business premises located next to her home. Her customers are mainly truck drivers that come to the city on a trip, and pedestrians that habitually pass by her stall and who are workers in the area.

Her sales are done in cash, and her daily schedule begins at 6 a.m. and ends at 10 p.m. With financing, her business has improved. She has had six loans and they have strengthened her working capital, her sales, and her utilities.

Her greatest challenge is to pay attention to her growing clientele, because as her customer base grows, her capital is insufficient to respond to the demand. This is the reason that she requests a loan through Kiva.

This is her seventh loan with Fundación Mario Santo Domingo. She will use the loan to buy those materials and ingredients, wholesale and with cash, that she needs to prepare her foods (rice, meats, vegetables, canned items, sugar, salt), adding new menu items to her daily service. With this investment, she expects to be successful because she is very focused on the demand in her market, and she serves this market with a lot of care.
View original language description ↓
La necesidad de generar ingresos para lograr bienestar de su hogar y las ganas de trabajar impulsaron a la señora Carmen, mujer viuda, a emprender en el año 1973 su negocio, de preparación y venta de desayunos, almuerzos y cenas. Su negocio lo ofrece en un local ubicado al lado de su residencia, donde atiende principalmente conductores de camiones que llegan de viaje a la ciudad, transeúntes que habitualmente pasan por sus instalaciones y que son trabajadores de ese sector. Sus ventas las realiza de contado, y en un horario que inicia a las 6 de la mañana y termina a las 10 de la noche. Con sus financiamientos su negocio ha mejorado, habiendo realizado 6 financiamientos, que han fortalecido su capital de trabajo, sus ventas y sus utilidades. Su mayor desafío es atender la creciente clientela, porque en la medida en que crece su capital se vuelve insuficiente para responder a la demanda. Esta es la razón por la cual acude a un credikiva, Séptimo financiamiento que hace ala Fundación Mario Santo Domingo, con el cual comprará en un mayor volumen y de contado, materiales e insumos para preparar alimentos,(arroz, cárnicos, legumbres, elatados, azucar, sal) agregando nuevos menús a su servicio diario. Con esta inversión su credikiva proyecta éxito porque está enfocada en la demanda de su mercado y a este es al que con mucho cuidado sirve, la señora Carmen.

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
  • 504
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,848.1
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $975 helped Carmen Maria to buy those materials and ingredients, in greater volume and with cash, that she uses to prepare her foods (rice, meats, vegetables, canned items, sugar, salt).
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
Apr 19, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014