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Cristina
Christina R. is a woman who, with her business, resolves domestic problems for housewives. She recognized that these housewives spend a lot of time washing clothing by hand in the harsh sun of the Caribbean Coast, which is difficult work. For this reason, she believed that a business renting washers to housewives in her neighborhood would offer them convenience in their washing tasks and save them time so they could carry out their other domestic chores and productive activities. Christina is a hardworking woman who also makes and sells fast food: empanadas, caribañolas (boiled yucca stuffed with meat), arepas (corn bread), fruit juice and bolis (frozen juice snacks.) She started this small business 7 years ago as a way to cover the basic household expenses: food, utilities and the rent on her home, as she did not own a home. With her first loan from the Fundación Mario Santo Domingo 5 years ago, she was able to get some better tools and acquire a pedicab that transports 4 people at a low cost for her husband, who was unemployed. From that moment, they both began to work and generate income for a stable home. This is her 4th loan, and with it she will buy 2 washing machines and supplies to make her fast food. Christina remembers how, with her second loan, she was buying the washing machines to rent by the hour. After 2 years, with a lot of discipline and management of the investment, they achieved profits that allowed them to save for a down payment on an apartment. Today they have that apartment, and are currently making payments in modest quarterly installments. Now she and her husband feel very satisfied with the sacrifices they have made, and are continuing to work toward their main goal of paying off the apartment through honest work and persistence in their business.
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Cristina Paad es una mujer que con su negocio resuelve problemas domésticos a las amas de casa: como el de invertir mucho tiempo lavando manualmente bajo el inclemente sol de la Costa Caribe; ella reconoce que esta tarea es pesada, por eso creó el negocio donde alquila lavadoras entre sus vecinas del barrio, ofreciéndole comodidad a las amas de casa en su tarea de lavar y ahorro de tiempo para realizar sus oficios domésticos y productivos habituales. Cristina es una mujer trabajadora ella también elabora y vende comidas rápidas, empanadas, caribañolas, arepas, frutas, jugos y bolis, ese fue precisamente el negocio con el cual inició su microempresa hace 7 años, como mecanismo para solventar las necesidades básicas del hogar, alimentación, servicios y el alquiler de su vivienda que aun no la tenia. Con su primer crédito en la Fundación Mario Santo Domingo hace 5 años, pudo mejorar algunas herramientas y adquirir bicicleta con carruaje que transporta a 4 personas a bajo costo, o bici taxi, para su esposo que se encontraba desempleado y desde ese mismo momento, ambos empezaron a trabajar y a generar ingresos para el hogar equilibradamente. Este es su cuarto crédito con el cual comprará dos lavadoras e insumos para elaboración de sus comidas rápidas. Cristina recuerda como ya con su segundo crédito, fue que adquirió las lavadoras para alquilarlas en la vecindad por horas, y como, desde hace dos años, con mucha disciplina en el manejo de la inversión, lograron utilidades, que le permitieron ahorrar su cuota inicial para comprar el apartamento que hoy tienen y que actualmente pagan en módicas cuotas trimestrales. En estos momentos ella y su cónyuge se sienten muy satisfechos por los sacrificios que han realizado y que aun continúan haciendo a fin de lograr su mas firme propósito: el de terminar de pagar el apartamento mediante el trabajo honrado y la persistencia en su negocio.

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
  • 522
    View loans »
    Colombia Loans Fundraising
  • $14,666,500
    Funds lent in using Kiva
  • 1,875.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Cristina she will buy 2 washing machines and supplies to make her fast food.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 14, 2010
Listed
Jul 14, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011