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Teresa De Jesús
Teresa de Jesús V. Hincapié describes herself as a person that is responsible, respectful, and thankful for what she has. She lives in the Olaya de Cartagena de Indias neighborhood, is 40 years of age, married, and has three children ranging in age from 14 to 19. She is a native of San Rafael in the Antioquia department, and came to Cartagena with her family 12 years ago. As soon as she arrived, she started her business selling food and supplies such as meat, yucca, bananas and rice.

They initially moved to several neighborhoods before settling in Olaya, where they have now lived for 4 years in a new cinder block house. The house was constructed by a Colombian foundation that builds basic housing for lower income families. She manages her food business from her home, and requests this loan of 2,300,000 Colombian Pesos to make some improvements to certain areas of the house for the store. She would like to add walls, a planter and a terrace that would help make the business more visible.

Her home is ideally situated on a corner near the entrance to the neighborhood that is well traveled. However, she lacks the presentation that the improvements with this loan could provide. This would be her second loan, having used her previous credit to build a bathroom in the house. In the future, she has the goal of building her business and of seeing her children complete their educations. With this goal in mind, one of her daughters is going to go study in Medellín soon.
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Teresa de Jesús V. Hincapié se describe como una persona responsable, respetuosa y agradecida con todo lo que tiene. Vive en el barrio Olaya de Cartagena de Indias, tiene 40 años, está casada y tiene tres hijos en las edades de 14 a 19 años. Oriunda de San Rafael en el departamento de Antioquia, vino a Cartagena con su familia hace 12 años; apenas llegó empezó con su negocio de vender ranchos y víveres como carne, yuca, plátano y arroz. Inicialmente vivían de barrio en barrio hasta radicarse en el barrio Olaya, donde llevan 4 años en una casa de bloques nueva que fue construida por una fundación colombiana que construye viviendas básicas para personas de escasos recursos. Como su vivienda es básica, maneja su negocio de comestibles desde el interior de su casa y solicita este crédito de $2.300.000 para mejorar una parte de ella, como colocar la tienda ahí, donde quiere poner muros, una plantilla y una terraza que harán el negocio más visible. Su vivienda está bien ubicada ya que está en una esquina cerca de la entrada al barrio donde pasa mucha gente, pero le falta la presentación que le brindarán los mejoramientos que haría con este crédito..
Este será su segundo crédito, el anterior lo usó para construir un baño en la casa. Más adelante, tiene la meta de incrementar el negocio y sueña con que todos sus hijos estudien hasta el final y con este fin una hija va a estudiar en Medellín próximamente.

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
  • 464
    View loans »
    Colombia Loans Fundraising
  • $14,624,200
    Funds lent in using Kiva
  • 1,918.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Teresa De Jesús to make improvements to the location of her store, such as adding walls and a terrace, to make the business more visible.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2010
Listed
Apr 7, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2012