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Carmen Esther
In a small neighborhood of Soledad, called Bella Murilo, measuring just 4 manzanas, lives Carmen S., a woman merchant who sells varied products, especially cosmetics. She is married with 2 children. Carmen began as a manufacturing employee and worked for many years but had to resign, due to her child's long-term health problems which impeded her from complying with work hours.

Since that time, she has looked for opportunities to work independently, for a way to generate income that will permit her to care for her son. This is how she came to make dresses for a long time, which wore her out. For this reason, and knowing how to handle customers, she decided to become a merchant. For the last 7 years she has sold products, using specialized guides to products, in order to continue to add to the family income, in union with her husband. He is also a merchant, selling disposable products and operating a pharmacy.

Her small beginning capital was fortified from the start by the Mario Santo Domingo Foundation, with more than 6 loans, each gradually increasing as the last was paid off. She believed that each loan should be administered cautiously, that is, directing them towards investing in merchandise to reproduce her working capital, which she has been doing all this time. She is very satisfied with the loans she has received; her monthly payments have been negotiated by the assessor during the first visit at payable amounts and desirable periods that would benefit her family.

Presently, she is applying for a loan of $2,000,000 (Colombian pesos) to be used to obtain discounts in paying off previous invoices early, and to buy merchandise requested by her customers. Her principle goals are related to changing neighborhoods; buying a house in a more central zone where she will be close to her principle customers, who are employees and independent workers. She is very selective in granting small amounts of credit, with an initial quota set when each begins as a customer.
View original language description ↓
En un pequeño barrio de Soledad de solo 4 manzanas llamado Bella Murillo, vive Carmen S., mujer comerciante de productos variados, especialmente cosméticos, casada y con 2 hijos, que se inicia como empleada de una confección donde trabajó por muchos años y de la que debió renunciar, debido a que su hijo presentó por un largo tiempo problemas de salud, que le impedían el cumplimiento de horarios laborales.

Desde esta época, buscó oportunidades para trabajar como independiente para poder generar ingresos que le permitieran estar al cuidado de su hijo; fue así como comenzó ella sola confeccionando vestidos por mucho tiempo, lo cual le causó agotamiento; por eso aprovechando el conocimiento en el manejo de la clientela, decidió convertirse en comerciante y desde hace 7 años vende a través de guías especializadas de productos, para poder continuar apoyando el ingreso familiar en unión de su esposo que también es comerciante de productos desechables y de farmacia.

Su pequeño e incipiente capital fue fortalecido desde el principio por la Fundación Mario Santo Domingo con más de 6 créditos gradualmente aumentados al terminar de cancelarlos; ella considera que al recibir un financiamiento debe administrarlo con cautela, esto es, dirigirlos a la inversión de mercancías para reproducir su capital de trabajo, tal como lo ha venido haciendo durante todo este tiempo; con los financiamientos que ha recibido se siente muy satisfecha porque se ajustan a las mensualidades que ella puede pagar, al plazo requerido y negociado previamente en la visita preliminar al crédito realizada por el asesor y porque puede apoyar mucho su hogar principalmente.

En la actualidad aplica a un crédito por valor de $2.000.000 el cual utilizará para obtener descuentos al cancelar facturas anticipadamente y para la compra de mercancías que le han requerido sus clientes.

Sus principales metas están relacionadas con cambiarse de barrio, comprando una casa en una zona más central, donde se encuentran sus principales clientes los cuales son empleados pero tiene trabajadores independientes, con todos ellos es muy selectiva y otorga pequeños cupos de crédito con una cuota inicial cuando se inician como sus clientes.

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.

About Colombia

  • $6,070
    Average annual income
  • 251
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,958.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Carmen Esther tO BUY MERCHANDISE AND OBTAIN DISCOUNTS BY PAYING BILLS EARLY.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2009
Listed
Jan 21, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2011