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Elvira Nicolasa
Elvira C. P., 57, is well known by people of the town of Soledad for her dedication to her business. Elvira has 10 washing machines that she rents to the households in her neighborhood and those nearby. This helps the householders to get their washing done while they attend to other chores, and at a fair price.

Elvira started out with three machines and now has ten. However, she needs to replace them as they have worn out. With this loan of 2,000,000 pesos, she will buy four new machines, which will improve her service to her customers.

Elvira has always been a businesswoman. In 1999, she had two stalls in the market in a place called Miami, and in 2001 she built a gym in her home with the money from selling the stalls. This business lasted only two years because her house was small and she wanted to make more income. At this point, she started the washing machine rental business among her friends and family, who gradually recommended it to others.

Having a business has been important to Elvira and her family, as it has enabled her to pay education expenses for her son who has now finished a course in Business Administration.

Elvira’s most important goal is to open an office on a main street of Santuario, a neighborhood in the south of Barranquilla, to increase her earnings. In the future, she would like to partner with her children in a taxi business in the town of Soledad.

Her biggest challenge now is selecting good clients, as there is a risk that someone will steal the washing machines. For this reason, she works with neighbors, property owners and people with references, and she is careful that the machines are returned on time.
View original language description ↓
Elvira C. P. a sus 57 años, muchos habitantes del Municipio de Soledad la conocen por su dedicación al negocio, y es porque 10 lavadoras de su propiedad, rotan día a día entre las familias de su barrio y los alrededores en condición de alquiler, así a cada ama de casa se le facilita lavar, mientras realizan otras actividades domésticas y todo a un precio justo. Ella inició con 3 máquinas y ahora tiene 10, pero necesita reemplazarlas porque ya terminaron su ciclo de vida útil; este es justamente la necesidad que resolverá con el crédito solicitado por valor de $2.000.000, ella va a comprar 4 lavadoras y así mejorará el servicio a sus clientes.
Elvira siempre ha sido negociante, en el año 1999 tenia dos colmenas en el mercado en un sitio llamado Miami y en el año 2001 montó un gimnasio en su vivienda con el dinero de la venta de sus dos colmenas, pero solo duró 2 años, porque su casa es pequeña y ella quería generar mayores ingresos; fue así como se dedicó a ofrecer el servicio de alquiler de lavadoras entre sus conocidos y familiares cercanos que gradualmente van recomendado otros referidos.
Tener negocio ha sido muy importante para la vida de Elvira y la de su familia, porque con ello pudo apoyar los estudios profesionales de su hijo que ya terminó administración de Empresas.
Su meta mas importante es montar una sucursal en una vía principal del barrio Santuario, un barrio al sur de Barranquilla, para obtener mas ingresos; mas adelante ella también quiere asociarse con sus hijos en otro negocio: Servicios de motocarros para transporte de los habitantes de barrios del Municipio de Soledad.
Su desafío actual es la selección de los clientes a los cuales va a prestarle el servicio, porque puede correr el riesgo de que les roben sus lavadoras, por eso trabaja especialmente con sus vecinos, propietarios de viviendas y referidos principalmente y controla en tiempo de devoluciones de las màquinas con mucho rigor.

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
  • 171
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,922.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Elvira Nicolasa buy four washing machines to rent.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2010
Listed
Apr 13, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2011