A loan of $800 helped tO BUY PROVISIONS AT WHOLESALE AND A NEW REFRIGERATOR, TO REPLACE THE SMALL ICEBOX HE CURRENTLY USES.


José Antonio's story

Jose has a restaurant located in the north of the city of Barranquilla. He is from northern Guajira Department, and until the year 2006, he sold clothes and shoes between the cities of Bogota in Colombia and Caracas in Venezuela. The activity ceased to be profitable and this micro-empresario decided to study culinary arts in Barranquilla, a skill that had been his passion since his youth.

To exercise his new profession, Jose elaborated meals for his friends' fiestas and social events. Subsequently, he opened his own restaurant and the public acceptance has been great, because his location is attractive, the food exquisite, and the prices affordable. The specialties of the house are the typical dishes of his native Guajira, such as shrimp and rice, seafood in coconut sauce, and leg of pork.

This is his 1st loan with the Fundacion Mario Santo Domingo, and he will invest it in provisions at wholesale, and a new refrigerator to replace the small icebox he has at present. Monthly, the restaurant sells approximately 1,500 meals at an average price of 4,500 COP, which results in monthly sales of 6,480,000 COP. The average profit margin is 46.7%, demonstrating the good profitability of the business.

Jose plans to expand his sales, delivering his meals to homes and medium enterprises, and he is currently making the necessary contacts. In the short term, during this end-of-the-year season, orders for special meals have increased considerably. This micro-entrepreneur can be defined as a happy man dedicated to satisfying the tastes of his customers with the best recipes of Colombian gastronomy.

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Translated from Spanish by Kiva volunteer Harold Dana Sims, PhD



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