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Olman Teobaldo
Olman is a 30 year old man. He is married and lives in the city of Cartagena, one of Colombia’s nicest cities. He works there also, selling fried snacks and soft drinks, such as natural fruit juices made from seasonal tropical fruit. His drinks provide welcome refreshment to his customers soaking up the Columbian sun.

Olman learned to make fried food 3 years ago, as his mother worked in this area also. In order to generate higher sales, he got the idea that he could sell the products his mother was making. He decided to sell these products from a mobile unit. From there he set up his own business, which soon started to grow.

Olman invested in the business little by little, buying a tricycle and customizing it as a point of sale, and over time people have gotten to know his business.

His sales are done on a cash basis, from Monday to Saturday from 6:30 in the morning until 11 at night. His main group of customers are the people who frequent the city centre. He locates his tricycle in a business area, which increases his sales capacity.

The number of customers and the number of orders are constantly increasing. For this reason he has approached Kiva for a loan. This is his first time requesting finance. His request is through Fundación Mario Santo Domingo.

He will use the money to buy a new tricycle, as well as raw materials and supplies for use in preparing the fried food. In this way he will be able to increase production and increase his market.

His goal for the future is to operate in more than one area and to have a distribution infrastructure all over Cartagena, in particular close to its lovely beaches, which he himself goes regularly.
View original language description ↓
Olman es un hombre de 30 años, casado, que habita en la ciudad de Cartagena: una de las ciudades más lindas de Colombia. Allí se dedica a la venta de frituras y refrescos, como jugos naturales que prepara con las frutas tropicales, propias de cada época y refrescan a sus clientes que disfrutan del calor de su tierra. Desde hace 3 años, Olman aprendió la producción de productos alimenticios fritos, pues su madre también se dedicaba a ello; él en virtud de generar mayores ventas, se le ocurrió vender los productos que preparaba su madre, de manera ambulante y de allí nació su propio negocio el cual empezó a crecer. Olman poco a poco le invirtió y fue así como compró un triciclo y puso un punto de ventas, en la medida en que fue dando a conocer su negocio. Sus ventas las realiza de contado, de lunes a sábados desde las 6:30 de la mañana hasta las 11 de la noche. Sus principales clientes son los transeúntes q del centro de la ciudad pues está ubicado en un lugar eminentemente comercial y esto potencializa su venta. Sus compradores cada vez crecen en número y en pedidos y por eso acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará un nuevo triciclo y materias primas e insumos para elaborar frituras y aumentar su producción y su mercado de clientes. Su meta es mas adelante tener mas zonas de acceso y una infraestructura de distribución por todas las calles de la ciudad de Cartagena y especialmente muy cerca a las lindas playas de las que siempre disfruta.

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
  • 469
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    Funds lent in using Kiva
  • 1,834.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $550 helped Olman Teobaldo to buy a new tricycle, as well as raw materials and supplies to make fried food.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2013
Listed
May 13, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014