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Oscar Armando
Oscar, 19, lives in the beautiful city of Barranquilla in the department of Atlántico, also known nationally as “Curramba La Bella.” He is single and lives with his parents. He operates a business, making and selling fast foods like empanadas, corn flatbreads, fried dough balls, hot dogs, and rice drinks. He sells his food to neighbors and pedestrians, who pay in cash. His business is open every day from 6 AM until 9 PM. His mother helps prepare the food. He pays cash for his supplies to local farmers and merchants in the city's central market. His father gave him the business a year ago when he went to work for a company.

This is his first Kiva loan with Fundación Mario Santo Domingo. He will use the loan to buy supplies like flour, eggs, corn, and meats. This loan will let him increase his income by buying wholesale supplies once a week, instead of three times a week, which made costs and expenses higher. His goals are: 1) to offer more grilled items and be more competitive in the area; and 2) to buy a house in the neighborhood.
View original language description ↓
Oscar de 19 años de edad vive en la hermosa ciudad de Barranquilla, departamento del Atlántico, conocida nacionalmente también como “Curramba La Bella”. Es un joven en estado civil soltero, vive actualmente con sus padres. Su negocio consiste en la elaboración y venta de comidas rápidas, como son: empanadas, arepas, buñuelos, perros calientes y chichas. Estos productos los vende a los vecinos del barrio, y a personas que pasan ocasionalmente por el sector, las ventas son de contado. El negocio funciona todos los días de seis (6) de la mañana hasta las nueve (9) de la noche, su mamá le ayuda en la preparación de los alimentos. Las compras de los insumos las hace de contado en graneros del barrio y del mercado central de la ciudad. Desde hace un (1) año recibió de su padre este negocio, debido a que su padre comenzó a trabajar en una empresa. Este es su primer credikiva con la Fundación Mario Santo Domingo, el cual lo aplicará en la compra de insumos como harinas, huevos, maíz, y carnes. Con esta inversión mejorará sus ingresos al comprar al por mayor una sola vez por semana, ya que antes lo hacía tres (3) veces por semana, encareciendo sus costos y gastos. Sus metas son: 1) Ampliar sus productos a la línea de asados, para posicionarse bien en el sector. 2) Comprar una casa en el barrio.

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,927.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Oscar Armando to buy supplies like flour, eggs, corn, and meats to make fried foods and hot dogs.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2013
Listed
Jul 9, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014