A loan of $1,200 helped to buy meat in bulk.

Teobaldo's story

Teobaldo owns a butcher shop called "Carnes Fines El Establo"; his father was also a butcher for most of his life. He is also studying public accounting at a university. His business developed after working with his father, where he gained the experience he needed to start his butcher shop a year ago. His monthly sales cover his operating costs, among them the cost of four assistants and his share of the expenses of the household he shares with his wife, who is an accountant and works in a business in Barranquilla. The strong point of his business is the excellent infrastructure of the equipment and premises. He keeps his accounts up to date, and his margin of profit is sufficient for his business.

Teobaldo is currently seeking his first loan with the Mario Santo Domingo Foundation and is very pleased with the Kiva interest rates because the loan will allow him to make bulk purchases using cash so as to get a discount. He will use the loan to buy beef for which he has orders. He is working to increase his working capital so that he can expand his business in strategic ways and increase his income in order to plan the development and growth of his family. He wants his son can have more opportunities to study in the future and succeed in life.

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Translated from Spanish by Kiva volunteer Ross Forman

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