Micro-credits for Baru Island entrepreneurs

by Fundacion Hernan Echavarria Olozaga
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Micro-credits for Baru Island entrepreneurs
Micro-credits for Baru Island entrepreneurs
Micro-credits for Baru Island entrepreneurs
Micro-credits for Baru Island entrepreneurs
Micro-credits for Baru Island entrepreneurs
Micro-credits for Baru Island entrepreneurs
Micro-credits for Baru Island entrepreneurs
Micro-credits for Baru Island entrepreneurs
Micro-credits for Baru Island entrepreneurs
Yoleida
Yoleida

Dear donors,

Yoleida, one of the entrepreneurs you have supported, wants to tell you a little bit about her. How and why she started her business and what are her plans moving forward:

"Hi! My name is Yoleida. I currently live in Baru. I have lived here for 14 years.

My father in law wanted to help me. He bought me this space, so we moved here and we started a business. We started selling rise, sugar and kitchen oil.

Our business began to grow. The community got to know us. We had some clients that bought products from us.

About a month ago, we heard about a microcredit project here in Baru. I was given a $2.000.000 loan after I applied to the project.

With the money, I bought some other things the business needed. We enlarged the store and bought seafood such us squid, shrimp, octopus and lobster and the business has kept growing.

What I would like next is to build a bigger space so that I can live in the second floor and keep the store in the first one, so that I can give my children a better future".

We will keep sending you regular reports on what your donations have helped accomplished and how they have impacted the entrepreneurs lifes. Thanks to your support and to their strength and motivation, they have not only grown their businesses but they have improved their quality of life. 

On behalf of all the entrepreneurs you have supported and of the Hernan Echavarria Foundation team we would like to thak you again for all you have done to help our cause.

With gratitude,

 

Ana Milena Ordosgoitia

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Dear donors,

Candelaria, one of the entrepreneurs you supported, wants to thank you for your donations and to tell you how you helped her made her dream come true and what are her plans moving forward.

Please watch the following video (Translation below):

https://youtu.be/X9TYwKq1Jxc

"Hi! I am Candelaria. I am 30 years old and I live in Santa Ana. I am now going to tell you my story.

When I was a little girl I really enjoyed hand sewing, pasting buttons and sewing clothes to my neighbors.

I studied clothing at the National Learning Institution for a year and a half.

Someone gave me a small sewing machine so I started sewing small things because with the machine I could not sew big things.

I went to a Foundation that was lending money and I asked them for a loan. They gave me the credit I asked for so I bought this beautiful sewing machine and now I can sew uniforms, jeans etc.

I want to thank all the people who donated. I thank you from my soul because you made my dream come true.

I now want to ask for a new loan to buy another machine so that I can improve my product’s quality.

Thank you!"

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Ana
Ana

Dear Donors,

One again, thank you for all your donations and support to the Project “Microcredits for Baru island Young entrepreneurs”.

Baru Island is one of Cartagena’s most wanted tourist destinations because of its beautiful beaches. This is why the Project you have supported is so important, as it help the community to improve their businesses in order to provide the tourists that visit the island with what they need during their stay and therefore increases its inhabitant’s quality of life as they have better incomes.

In this report, we wanted to let you know Ana’s impressions of the Project. Ana is Victor’s mother, a 25 years old beneficiary who has received 2 credits now, because of his commitment and the way he has dedicated to work in order to grow his business.

Ana told us that a few years ago with 2 million Colombian pesos (about 700 dollars), her son and her decided to start selling seafood. At the beginning, they did not have many clients but thanks to the quality of the products they sold and to the fact that they opened 24 / 7, more clients started coming. They didn’t have enough products for all of them. At this time, they heard about the Foundation’s project, they applied and received their first credit.

Ana said that thanks to the loan and to the low monthly payments they were able to grow their business and the clients have multiplied. They always have orders to deliver. Victor even has thought of sleeping with his mother in the same bedroom in order to transform his bedroom in a cold room, so that they can keep more products.

Victor and Ana are examples of dedication and perseverance. They both motivate us to keep working. Thank you again for helping us to do it.

With gratitude,

 

Ana Milena Ordosgoitia and the Hernan Echavarria team

Ana showing the products they sell
Ana showing the products they sell
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Uriel's business
Uriel's business

Dear Donors,

First of all, we would like to wish you a Merry Christmas and a Happy New Year on behalf of all the beneficiaries of the project you have supported.

Thanks to your donations, all of them have been able to invest in their businesses. May all your generosity multiply!

2016 was a very good year for the project Microcredits for Baru Island entrepreneurs. Thanks to your donations, we were able to support 8 new businesses among which we find: 4 handcraft stores, 1 candy shop and 3 restaurants for a total of 33 indirect beneficiaries including the beneficiaries and their families.

Also, these businesses provide 4 direct jobs.

One of the microcredits recently granted was to Victor, one of the first beneficiaries of the project, who received his third credit do to his good payment behavior and commitment with his fish and seafood sales business.

Victor has been very responsible and his business as well as its sales, has considerably grown.

Victor’s mom helps him with the sales. They have recently bought a bigger refrigerator in order to be able to store a larger amount of fish and prawns, among others. The new loan if for working capital to get prepare for the holiday season in which many tourists visit the Island.

Finally, attached to this report, we will share some of the pictures taken in the December monthly visit to all the project beneficiaries.

Thank you again for all you have done to help us help them.

We will continue to post regular reports to keep you informed on the project progress.

With gratitude,

 

Ana Milena Ordosgoitia and the Hernan Echavarria Foundation team

Nertalina's business
Nertalina's business
Victor's business
Victor's business

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Sergio's business
Sergio's business

Dear Donors,

This is our last report of the year. Once again we would like to thank you for your generous donations in 2016 through Global Giving to the Project “Micro-credits for Baru Island entrepreneurs.

Thanks to all the donations received through all the year and to the beneficiaries’ commitment we have schedule a new invitation to the entrepreneurs interested in participating in the project, in order to grant new microcredits to those that complete the process.

We are currently working with 12 businesses with an average income of $450.000 each. 27 new jobs have been created. This has certainly impacted the local economy.

The entrepreneurs have shown a good behavior in terms of managing their businesses. The Foundation has continued to visit them and to give them various tools to help them.

In this last report we would like to tell you a bit more about Sergio, one of the last beneficiaries selected, who lives with his wife Dunia and a grandson he is raising.

Sergio has a small business in an Island hotel in which he sells handcrafts that he personally makes.

During the tourist season, he hires local young men to help him.

Sergio is friendly and spontaneous. Because of his outgoing personality he makes good money with his business.

This is all for now. It has been a great year for us in the Hernan Echavarria Foundation, having the opportunity to help all this entrepreneurs improve their businesses and their income. We hope to keep counting with your support.

We invite you to continue to work with us in order to achieve our total funding goal.

With gratitude,

 

Ana Milena Ordosgoitia M. and the Hernán Echavarría Olózaga Foundation team

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Organization Information

Fundacion Hernan Echavarria Olozaga

Location: Bogota / Cartagena, Cundinamarca/Bolívar - Colombia
Website:
Facebook: Facebook Page
Project Leader:
Ana Milena Ordosgoitia
Bogota, Cundinamarca Colombia
$1,829 raised of $16,920 goal
 
66 donations
$15,091 to go
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