A loan of $550 helped to buy supplies such as rice, meat, cheese, corn, flour and sugar wholesale.

José Alberto's story

With his first loan, provided by Fundación Mario Santo Domingo, José Alberto started his current business called "El Caminante". He makes and sells 'arroz de lisa' (a rice and fish dish). This dish is a typical Barranquillera dish and is made with 'lisa', a sea fish which lays its eggs in brackish water such as river mouths. José Alberto also sells 'buñuelos' (a type of fritter), empanadas (stuffed pastries), 'deditos' (cheese fingers) and other delicacies that he prepares together with his wife and then transports on his three-wheeled vehicle which he acquired with his first loan from our foundation. Thanks to our organization, José Alberto has managed to grow in his business and gradually fill his display case, his cooking pots and his soft drinks cooler.

José Alberto's main customers are neighbors in his own community where he has a captive market as he is located in a bus and mototaxi station and this is where his main customers are found. José Alberto started this business two years ago after changing his business activity. He used to hand-make and sell ladies' footwear but that business had a long production process and he made minimal profits. For this reason, when he decided to join our foundation, he took advantage of the situation and changed his business to something which he knew and which was profitable. Through his loans, he has managed to stabilize his business and he plans, in the future, to buy a cooler in which to keep his fish and meat.

This Kiva loan is José Alberto's third loan with Fundación Mario Santo Domingo and he will use it to buy supplies such as rice, meat, cheese, flour and sugar wholesale. His financial indicators show his accounts receivable turnover period at 1 day, his raw material turnover period at 2 days and his profits at 27%. With this new investment, he plans to earn discounts by purchasing his supplies in larger quantities before new prices go into effect at the beginning of the year.

Translated from Spanish by Kiva volunteer Linda Oxnard

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