A loan of $650 helped to buy ingredients to make sausages and fried food, and to buy beverages to sell.

Horacio's story

Horacio is a big handsome man who lives in the town of Puerto Colombia, a place located on the shores of the Caribbean sea. He states in a humorous way, as is the custom of the residents of this area, that a sausage prepared by him has "effects that activate the imagination," and the people can't help but smile at that. His business is very well-accepted in the market, because it is known for being a welcoming place with a Caribbean flavor. Horacio has his own business, and he works with his wife selling morcillas (sausages prepared with rice, pig's blood and vegetables), arepas (stuffed grilled corncakes), empanadas, beer, soft drinks and general groceries. For this couple, the business has done very well. But they have a dream of expanding it, and even converting it into an important sausage and cold cut distributor in the region, so that in the future their two children, now 18 and 21, can have a big company. His main challenge, given the expected growth in his market, is that his working capital is insufficient to allow him to buy in greater volume and expand his customer base. This is the reason that he came to apply for his Kiva loan, which will be his first loan with the Fundacion Mario Santo Domingo. With this loan, he will buy supplies to make sausages and fried foods. He will also buy soft drinks and other beverages that he will chill and sell to his customers, taking advantage of the heat and the thirst it produces in this land of beaches, breezes and sea which, in combination with his business experience, will make this investment very successful.

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Translated from Spanish by Kiva volunteer Lisa Grobar

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