A loan of $1,050 helped to buy ingredients for her meals and tables and chairs for her business.

Margarita Rosa's story


Margarita Rosa Y. R. is a businesswoman from Cartagena who has ambitious goals for her food business; she hopes it will grow to such an extent that her products will be known city-wide and that, some day, she will be recognized as one of Colombia’s greatest businesswomen.

She started her business selling breakfasts three years ago. Initially, she made the meals at home and sold them to her neighbors until one of them mentioned to her that where he worked there was no one selling meals. This was how Margarita set herself up in the Mamonal Industrial Zone, a site near Cartagena that concentrates many of the country’s important companies. She borrowed money that had to be repaid the next day to buy raw materials and prepare the lunches.

Gradually, her customer base grew. Since the business needed an injection of capital, she called upon Fundación Mario Santo Domingo, an organization to which she is grateful for giving her the opportunity to launch her business, to increase her income a bit, and to replace the money for that loan she needed to repay the next day.

This $2.000.000 loan is her second one and she will use it to buy ingredients for her meals as well as tables and chairs for her business.

Because the Fundación has supported her both financially and personally, she feels very loyal to it. Her previous loans helped her increase her profits and to expand her service area in her type of work with better quality service; she has two employees and she is happy because she is generating income in other homes like hers.

Margarita considers her greatest challenge to be having to face life alone with her three children. However, thanks to God she was able to overcome and today she is happy knowing that she is making the effort for her children to advance. She has taught them that life isn’t easy but that with effort, dedication and lots of love, one can reach one’s goals.

This is her lesson. It helps her to face difficulties as part of life and business. For example, when sales are down and they barely produce sufficient income to meet basic needs of her family and her business, she forges ahead even if she has to delay reaching her dreams because she knows that the first priority must be to reinvest in her business so that she can be sure to provide for her family’s support.

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Translated from Spanish by Kiva volunteer Polliz

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