A loan of $575 helped to buy supplies such as rice, sugar, flavorings, sausages, sauces, sugar, bread (hot dogs), bread (burgers), vegetables, meat and oil.


Matilde Vicenta's story

MatilD. arrived in this city six years ago from Aracataca, a town in Magdalena department where she worked in the restaurant business. That is where she gained her vast experience in preparing food. MatilD. is a widow and lives in the home of one of daughters in Aracataca. Her daughter runs a restaurant in that town. MatilD. has a fast food business where she sells hot dogs, burgers, fries and 'chicha' (a corn-based drink). She carries out her business in the mornings in the Los Robles neighborhood, in the town of Soledad, in Atlántico department. She works in rented premises. In the afternoons, she works in Malambo, another town in the same department.

MatilD.'s business has little working capital since her sales are generally carried out in cash and she has little inventory of raw materials and supplies. She makes her purchases daily in grocery stores. MatilD.'s goal is to increase her working capital so that she can buy her products in greater quantities and gain discounts for buying in bulk. This will increase her profitability. For this reason, she is applying for this Kiva loan which is her first loan through Fundación Mario Santo Domingo. She will use it to buy raw materials such as rice, sugar, flavorings, sausages, sauces, sugar, bread (hot dogs), bread (burgers) vegetables, meat and oils. This purchase will also enable her to reduce her transport costs.

Translated from Spanish by Kiva volunteer Linda Oxnard



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