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Maria Del Carmen
María F. G. makes a living selling all types of merchandise, especially household appliances, clothing, and shoes. She lives in the city of Soledad, which is 15 minutes away from Barranquilla, with her husband and four children who range in age from 18 to 39. María del Carmen is an expert at her business because she has always worked in her own venture since 1986. The first business she had was a restaurant she managed with her husband when he became a pensioner. Later she started a beauty salon in her home and eventually began selling gold jewelry in 1991. María also traveled and brought back merchandise to sell from Maicao, a town that lies near the border with Venezuela. Whenever her traveling retail business became less profitable, she began purchasing merchandise in Barranquilla at a better price. Now she devotes herself exclusively to selling different types of merchandise on credit.


María has received six previous loans from Fundación Mario Santo Domingo and has paid them off effectively. This Kiva loan will be her seventh one and she will use it to purchase a washing machine, clothing, shoes, and a scale for her business since she has already received orders for these items. The loans that were provided to María del Carmen have been valuable because they helped her generate income to buy products for her home, especially food and clothing for her children. She also supports her grandchildren, so she would like to have sufficient capital so that she can take advantage of buying opportunities and investments in her business. She continues to dream of having a well-organized restaurant once again because she is passionate about preparing food. Her greatest challenge with her retail business is competition because there have been many instances in which other merchants sell goods that are much cheaper. However, it is her job to explain to her customers the relationship between price and specific elements of quality such as durability.


María is an active board member of the community action committee in her neighborhood, which does a lot of work related to community development. She is well-known in Soledad and is always looking for new customers to help generate more income.

View original language description ↓
María F. G. se dedica a la comercialización de toda clase de mercancía especialmente electrodomésticos, ropa y calzado; vive en el Municipio de Soledad, a 15 minutos de Barranquilla, con su cónyuge y tiene 4 hijos en las edades de 18 a 39 años. María del Carmen es toda una experta en negocios, porque siempre, desde el año 1986, ha tenido uno: el primero fue un restaurante con su esposo, cuando éste se pensionó; luego una peluquería en su propia casa, al que adicionó la venta de prendas de oro y en el 1991 viajaba y traía mercancía para la venta desde Maicao, municipio fronterizo con Venezuela, pero cuando esta forma de negociar no fue rentable y empezó a encontrar en Barranquilla mercancía a buen precio, se dedicó exclusivamente a la venta de esta mercancía variada , mediante el sistema de crédito. María ha recibido 6 créditos con la Fundación Mario Santo Domingo que ha amortizado efectivamente, su credikiva es su séptimo crédito, con él comprará una lavadora, ropa, calzado y una balanza para negocio, todo esto ya encargado. Los financiamientos otorgados a María del Carmen han sido muy valiosos, porque con ellos ha logrado utilidades, convertidas hoy en aportes para su hogar, especialmente en lo que tiene que ver con la alimentación, el vestuario de sus hijos, apoyo a sus nietos y el poder contar siempre un capital efectivo para compras de oportunidad e inversión para su negocio. Aun sigue con el sueño de tener un restaurante bien organizado, porque le apasiona el área de preparación de alimentos. Sus desafíos están relacionados con la oferta de mercancías que hace la competencia, que muchas veces suele ser más económica, pero ella está en la tarea de explicarle a sus clientes, la relación del precio con la durabilidad como elementos de calidad, con la que ella trabaja. María F. es una mujer muy activa participa en la Junta de acción comunal del barrio donde vive, donde hace mucha gestión comunitaria, por eso la conocen en Soledad y además siempre está a la expectativa de captar nuevos clientes reales que le signifiquen ingresos.

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

  • $11,100
    Average annual income
  • 464
    View loans »
    Colombia Loans Fundraising
  • $15,270,025
    Funds lent in using Kiva
  • 1,810.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Maria Del Carmen purchase a washing machine, clothing, shoes, and a scale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2010
Listed
Aug 15, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2011