A loan of $600 helped to buy a trycicle and raw materials and ingredients in large amounts.

Miguel Angel's story

Miguel Ángel S., 51, is a very creative entrepreneur living in the city of Barranquilla with his wife and 11-year-old son. For the last six months he has been working making chicken with rice to sell. He started this business when he lost his job and his entrepreneurial spirit flowered. He started to add to it. He now rents tricycles out to vendors who have stands.

This is his first loan with Fundación Mario Santo Domingo. He will use it to buy a tricycle and raw materials and ingredients in large volume because this way he hopes to get a 9% profit on sales and strengthen his working capital a bit which is indispensible for continued, quicker growth and to reach his goal of one day owning a house and being able to send his son to university.

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Translated from Spanish by Kiva volunteer Polliz

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Loan details