Gloria

Taqueria y Reposteria Gloria

Denver, CO

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Personal Story

I am from Veracruz, Mexico, and decided to move to the United States in 1997. While I lived in Mexico, I worked at various restaurants and bakeries, and also had my own small restaurant. It was not easy owning a restaurant there, however, and the restaurant had to close due to financial struggles and other issues. For this reason, I decided to come to the United States to start my own business.

When I first arrived in the U.S. in 1997, I worked at a ranch. I decided to return to my roots of working in the food industry, however, and found a job cooking in the kitchen of a restaurant. Following that position, I worked in bakery for seven years. The bakery’s business struggled, however, and it eventually had to close. It was extremely difficult to find work after this happened, so I decided the best option for me would be opening my own business.

With my strong background in the food services industry, I decided to pursue opening a food truck business in the city of Denver. Before buying the truck, I began offering my services through catering at special events, in order to gain exposure for the business and generate some revenue before opening the food truck. I plan to sell typical Mexican food from the truck, with the hopes of eventually opening my own restaurant here in the United States. I have purchased a vehicle for my business and I am making excellent progress in starting the operation. Currently, I am in the process of choosing food products to be sold and working on other logistical issues.

In order to ensure the success of my business, I enrolled in the 13-week course Exito para Negocios (Business Success) class at the Women’s Business Center of Mi Casa Resource Center. This course helped me to gain important business acumen and develop a solid foundation for my business, including the creation of a full length business plan. I continue to receive business counseling from the Women’s Business Center to ensure I am on the right track for the success of my business

Business Description

I am the owner of Taqueria & Reposteria Gloria’s, currently offering catering services, with the plan of opening a food truck, to be located in the Westwood neighborhood of Denver.

The business caters at special events including birthdays, graduations, weddings, quinceanera celebrations, baptisms, and more. I specialize in Mexican food that is typically cooked in the home, including various salsas, mole, moronga (blood sausage), chilaquiles (fried tortilla with salsa), tamales, and various breakfast options. I also specialize in various desserts and cakes.

To increase visibility of the business, I am currently in the process of implementing a website to showcase all of the services offered. I have created some marketing collateral that will be used to advertise services.

What is the purpose of this loan?

A loan from KIVA of $5000 would allow me to move forward with the opening of the food truck. Before the business can be opened, I need to order signs to be placed on the truck, pay for permission, rent, and a license for the space to the city of Denver.

In addition, I need to buy food products for the business, as well as an additional small stove to cook the tortillas. Once all of these necessary items are in place, I can begin to sell food and generate revenue for my business. Last year, my business generated approximately $24,000 in revenue. With the addition of the food truck, I believe that I can earn $32,000 in revenue

Gloria's loan is endorsed by Women's Business Center at Mi Casa Resource Center. The information below explains why her trustee thinks Gloria is a great candidate for a Kiva Zip loan.
How long have you known this person?

6 months - 1 year

Tell us about your relationship with this borrower.

Gloria participated in the Exito para Negocios class sponsored at Mi Casa Resource Center. This is a 13-week program offered in both English and Spanish for entrepreneurs and business owners. This business development program helps new entrepreneurs develop a business plan and connect to funding sources, mentoring, insurance, marketing, e-commerce, and networking to launch their own businesses.
Gloria completed the class and obtained a certificate of achievement for finishing her business plan and completing all the class requirements. She is a very responsible and demonstrated great commitment to the program.

Tell us about this borrower's personality and character, and why you are endorsing him or her for a Kiva Zip loan.

Gloria is very passionate about her businesses, she is an excellent cook and has been doing some catering to help support her family. Her dream was to buy small food truck from where to sell her typical Mexican food and tasty desserts. She never missed a class, came to all the business consulting appointments, extra classes and technology workshops. She is so committed to her business that nothing will stop her, if a problem arises, she will find a way to solve it and make things work.
We have tried her delicious food many times, as she very generously would bring different dishes to share with her class participants. She is a regular visitor a the Women's Business Center, as she is always trying to learn new things that would help her improve her services.

Tell us about this borrower's business, and why you believe a Kiva Zip loan will contribute to his or her success.

Gloria is the owner of Taqueria & Reposteria Gloria’s, currently offering catering services. She recently bought a food truck that she needs to fix up in order to officially launch the business. She also needs to buy a small stove a refrigerator as well as food supplies and plastic ware. She has already spent a lot of her own money to buy the food truck and get all licenses, she just needs one more little financial push to get her business off the ground. She already has secured a location and has some marketing materials, but she needs some extra money to make her functional. If she can't get the loan, she will have to postpone the launch for several more months to save money from her part time job.
I truly believe Gloria will be successful, as she has proven time and time again her commitment to great customer service, helping other business owners and to her ideals and dreams.

51 total lenders , 1 invited by Trustee
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ENDED

A loan of $5,000 helps me to buy equipment, supplies and, fix up my food truck to launch my business in the next few months.

Disbursed Oct 24, 2012
Repayment Term:
12 monthly payments
Grace Period:
N/A
Listed:
Sep 18, 2012
Disbursed:
Oct 24, 2012
Paying Back:
Oct 24, 2012
Ended:
Oct 2, 2013

About Taqueria y Reposteria Gloria

Industry:
Food production
Years in Operation:
More than 5 years
Website:
taqueriareposteriagloria....
Badges:
Badge repayment silver small

What are Borrower Badges?

Borrower Badges are a system designed to recognize and reward borrowers’ engagement with the Kiva Zip website.

There are two types of badges that are tiered like medals: Gold, Silver and Bronze.

  1. 'Repayment badges' are awarded for the on-time repayment of loans.
  2. 'Connectedness badges' are awarded for engagement with the Kiva Zip website.

This loan is endorsed by

Trustee Type:
Non-profit
Tier:
Pilot Tier trustee
Location:
Denver, CO
On Zip Since:
Sep 18, 2012
(32 months)
Loans Endorsed:
6
Total Value:
$29,000
Fundraising/Raised:
0
Paying on Time:
Not enough data
Paying Back Late:
Not enough data
Repaid in Full:
3
Defaulted:
3
Repayment Rate:
66%
Why are you endorsing Gloria?

Gloria is very passionate about her businesses, she is an excellent cook and has been doing some catering to help support her family. Her dream was to buy small food truck from where to sell her typical Mexican food and tasty desserts. She never missed a class, came to all the business consulti...

What are Trustee Badges?

Trustee Badges are a system designed to recognize and reward trustees’ engagement with the Kiva Zip website.

There are two types of badges that are tiered like medals: Gold, Silver and Bronze.

  1. 'Repayment badges' are awarded for the on-time repayment of loans.
  2. 'Connectedness badges' are awarded for engagement with the Kiva Zip website.