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Rafael
Rafael is a young man who is 18 years old. He lives in Soledad, a municipality of the Colombian department of Atlántico. Soledad is nationally recognized as the cradle in the country of “butifarra,” a sausage of Catalan origin, which is one of the culinary emblems of the Caribbean coast. He lives with his parents. His business activity is making and selling fast food and lunches and also beer sales. In 2009, or 4 years ago, he started this business and since he was a child his parents taught him to work to earn a living. Currently he is studying marketing and sales at an educational institution of a technical nature. He buys with cash in the central market of the city of Barranquilla the supplies for making his products and the beers he buys directly from the truck. He sells for cash to neighbors, friends and occasional customers, from 4:00 in the afternoon to 12:00 midnight on weekends, Saturdays, Sundays and holidays.

This is his first Kiva loan with Fundación Mario Santo Domingo, which he will apply to the purchase of supplies, cash wholesale, for making hot dogs, hamburgers, salchipapas (fried hot dogs and potatoes), lunches and also to purchase beer and a refrigerator. With this investment he hopes to strengthen in his business his working capital and other assets and in regard to his personal life to graduate in his marketing studies.
View original language description ↓
El joven Rafael tiene dieciocho (18) años de edad, vive en Soledad municipio del departamento colombiano del Atlántico. Soledad es reconocida nacionalmente por ser la cuna en el país de la butifarra, embutido de origen catalán, que es una de las insignias culinarias de la Costa Caribe. Reside con sus padres; su actividad de negocio es la elaboración y venta de comidas rápidas, almuerzos, y también el expendio de cervezas. Desde el año 2009, es decir hace cuatro (4) años, inició esta actividad, y desde niño sus padres le enseñaron a trabajar para ganarse la vida, actualmente está estudiando mercadeo y ventas en una institución educativa de carácter técnico. Compra de contado en el mercado central de la ciudad de Barranquilla los insumos para la elaboración de sus productos y las cervezas la compra directamente del camión. Vende de contado a vecinos, amigos, y ocasionales, de cuatro (4) de la tarde a doce (12) de la noche, los fines de semana, sábados, domingos y festivos. Este es su primer credikiva con la Fundación Mario Santo Domingo, el cual lo aplicará en la compra al por mayor y de contado de insumos para la elaboración de los perros calientes, hamburguesas, salchipapas, almuerzos, y también en la compra de cervezas y un enfriador. Con esta inversión espera fortalecer en su negocio su capital de trabajo y demás activos. Y en cuanto a su vida personal graduarse en sus estudios de mercadeo.

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
  • 289
    View loans »
    Colombia Loans Fundraising
  • $13,837,125
    Funds lent in using Kiva
  • 1,888.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Rafael to purchase supplies, cash wholesale, for making hot dogs, hamburgers, salchipapas (fried hot dogs and potatoes), lunches and also to purchase beer and a refrigerator.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 16, 2013
Listed
Aug 4, 2013
Currency Exchange Loss:
Possible
Ended:
May 2, 2014