Total loan: $475
Barranquilla, Atlantico, Colombia / Food
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A loan helped To buy larger volumes of ingredients and supplies.
Clara Inés's story
Clara Inés, 47, lives in Sabanagrande, a town in the central eastern part of the department of Atlántico, 20 kilometers from the capital city Barranquilla. She lives with her husband and two children, ages 20 and 22. Clara began selling juices and empanadas (meat pies) 17 years ago when her husband was layed off. She took advantage of the patron saint festivities to make her debut. On her first try she generated enough income to maintain the family and so continued adding more and more customers, including the town hall and other nearby businesses. This is her third loan through the Mario Santo Domingo Foundation. She plans to use it to buy larger volumes of ingredients and supplies so she can meet demand. With her previous loans she was able to invest in her business and afford to buy property where she has built her house. Her goal is to finish her house and set up a well-equipped refreshment area. Meanwhile Clara Inés will continue working with an accounts receivable turnover of 13 days and profit on sales of 22%.