Micro-credits for Baru Island entrepreneurs

by Fundacion Hernan Echavarria Olozaga
Play Video
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

Project Report | May 29, 2023
Starting a business

By Maritza Diaz / Ana Milena Ordosgoitia | Project Leader / Director

Martha and Roger in their store
Martha and Roger in their store

On April 16, we celebrated in Colombia the World Entrepreneurship Day. It is a date to recognize the effort and courage of those who face every day, the challenge of offering competitive products and services to their clients, generating enough profits to cover the fixed costs of their businesses, satisfy their own needs and stay in the market.

According to the Microbusiness Survey Report, carried out by the National Statistics Department (DANE), in Colombia at the end of 2022, there were 5,150,956 microbusinesses.

This makes us wonder, what leads so many people to start a new business? According to this report, the main reason given by microentrepreneurs who started a business between 2019 and 2022 was because they did not have another income alternative (38%), and secondly, because they identified a business opportunity in the market (30%).

The above, are the same reasons expressed by Martha and Roger, a married couple from Santa Ana community in Baru Island, to start their business a few years ago:

"About 8 years ago, we were both looking for a job for several months, but we could not find any, so we thought about starting a business to generate the income we needed to live, but how? What could we possibly sell or do? So, we made a list of the businesses located in the sector where we lived, and we realized that there were all kind of businesses except for a store.

At that time, you had to walk up to 4 blocks in dry weather and in rainy weather, due to the flooding in the sector, you had to go around the street where we lived until the end and go all the way down the next street to get to a store.

This was when we had the idea, like “sent from heaven” to open our store, which we called the "Mustard Seed Store".

Our store is in the first room of our house. Here, we sell food and groceries in general and although it has not been easy and they recently opened a store a few meters from ours, we are always trying to satisfy our clients’ needs and maintain our sales”.

In the Hernan Echavarria Foundation, we are very proud of Martha, Roger and all the entrepreneurs that participate in the project “Microcredits for Baru Island entrepreneurs”.


Share on Twitter Share on Facebook

About Project Reports

Project reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.

If you donate to this project or have donated to this project, you can recieve an email when this project posts a report. You can also subscribe for reports without donating.

Sign up for updates

Organization Information

Fundacion Hernan Echavarria Olozaga

Location: Bogota / Cartagena, Cundinamarca/Bolívar - Colombia
Facebook: Facebook Page
Project Leader:
Ana Milena Ordosgoitia
Cartagena , Bolivar Colombia
$2,273 raised of $12,273 goal
72 donations
$10,000 to go
Donate Now
Donating through GlobalGiving is safe, secure, and easy with many payment options to choose from. View other ways to donate

Fundacion Hernan Echavarria Olozaga has earned this recognition on GlobalGiving:

Help raise money!

Support this important cause by creating a personalized fundraising page.

Start a Fundraiser

Learn more about GlobalGiving

Teenage Science Students
Vetting +
Due Diligence


Woman Holding a Gift Card
Gift Cards

Young Girl with a Bicycle

Get incredible stories, promotions, and matching offers in your inbox

WARNING: Javascript is currently disabled or is not available in your browser. GlobalGiving makes extensive use of Javascript and will not function properly with Javascript disabled. Please enable Javascript and refresh this page.