A loan of $850 helped to purchase a freezer and to increase his working capital and finance his meat sales.


Roberto's story

Robert at 35 years old, lives in Salgar corregimiento in the town of Puerto Colombia, located on the shores of the sea. Helped by his wife very early every day to produces fried cheese fingers, Robert then distributes them to 30 stores in the town. His sales generate the earnings he uses to pay household expenses. Once his wife makes them, Roberto distributes them beginning at 5 a.m. on his motorcycle. He also sells beef, pork, fruits and cheese, which are sent to him from a dairy town in the department of Magdalena. He also sells these products to stores and principally to homes in his corregimiento where people know him and he has attracted many customers. Roberto received funding from Fundación Mario Santo Domingo a year ago, with which he succeeded in increasing sales 20%. He also invested in completing his dwelling and this makes him very happy. His future goal is to open a shop to the public and add to it, in addition to his current products, meals, food and items in the typical family shopping basket, so that he can finally finish making on-site adjustments to his house. Currently he is applying for a Kiva loan, his second funding from the Fundación, and will use it to buy a freezer in order to increase his working capital and finance the sale of meat by offering credit to his customers and expanding a market that needs credit, so that he can finally increase his volume of sales. While this is happening, he is managing a 4 day turnover in his inventory and a profit margin of 32%, the financial indicators from which he projects his business growth.

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Translated from Spanish by Kiva volunteer Diane Chaney



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