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Betty Isabel
Betty is 39 years old. She lives with her spouse and her 13-year-old son in the city of Barranquilla, in a location very close to the city's commercial zone, where various stores, businesses and informal traD. all coexist. Betty founded a business preparing food which was aimed at employees of companies in the area, with a diversity of dishes. However, her business was not sustainable in this manner, because her customers were provisional workers, and they left, draining a large part of her capital. Determined to sustain herself in this market, she got the idea to sell food by the portion from 2 points of sale. Thus, she now sells rice with mullet and vegetables (a characteristic local dish in Barranquilla), and chicken and rice, which are served on bijao leaves, accompanied by hard-boiled eggs and a corn-based drink, to her customers in an independent manner. She receives help from her husband and her father in the daily operation of the business. She wants to achieve growth with her business, and for this reason she applied for a Kiva loan, her first financing with the Mario Santo Domingo foundation. She will use the loan funds to buy raw materials and supplies in greater volume, and thanks to this she will receive discounts and be able to increase her production, initiating her process of entrepreneurial growth. She is grateful for the opportunity to strengthen her business, because it will let her increase her family income, so that together with her husband she can help her children get ahead in life. While she works to achieve her dream, Betty manages her business with a 15-day turnover of accounts receivable, a turnover of 1 day for finished products, and a profit margin on sales of no less than 20%, which she plans to increase with her good performance.
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Betty D. 39 años vive con su cónyuge y su hijo D. 13 años D. edad en la ciudad D. Barranquilla, en un sitio muy cercano a la zona comercial D. la ciudad, donD. coexisten la interacción D. almacenes, empresas y el comercio informal. Allí Betty emprendió su negocio D. elaboración D. alimentos dirigido a empleados D. empresas del sector, con la diversidad D. sus menús, pero D. esta manera su negocio no tenía sostenibilidad, porque sus clientes, empleados provisionales, se fueron con una gran parte D. su capital. Decidida a sostenerse en el mercado logró idearse la venta D. comidas por porciones, ubicándola en 2 puntos D. venta, por eso ahora venD. arroz D. liza, (muy autóctono D. Barranquilla) arroz D. pollo, los cuales sirve en hojas D. bijao , acompañados D. huevo cocido y chicha D. maíz, a los clientes D. manera independiente. Cuenta con el apoyo D. su esposo y D. su padre para el desempeño diario del negocio. Ella está en la búsqueda D. crecimiento por eso acuD. a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará materias primas e insumos en mayor volumen , con ello ganará descuentos y aumentará su producción, iniciando su proceso D. crecimiento empresarial. Ella agradece la oportunidad D. fortalecer su negocio, pues le va a permitir el incremento D. sus ingresos familiares, para en compañía D. su esposo, lograr el progreso D. sus hijos. Mientras trabaja por cumplir su sueño Betty maneja en su negocio una rotación D. cuentas por cobrar D. 15 días, rotación D. productos terminados D. 1 día, y una rentabilidad sobre las ventas no menor del 20%, que planea aumentar con su buen desempeño.

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.

About Colombia

  • $11,100
    Average annual income
  • 236
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,757.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Betty Isabel to buy supplies in bulk (rice, oil, root vegetables, etc.).
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jul 26, 2011
Aug 4, 2011
Currency Exchange Loss:
Sep 15, 2012