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Magalis Maria
Magalis María M. is a young woman and the self-sacrificing mother of a small five year old son. She lives in the Olaya neighborhood in the city of Cartagena. This city is the cradle of Caribbean music. Everyday dancers and reggaeton and champeta singers of all ages wildly flourish in the city streets. Each day they add new rhythms to Columbian music.

She is the proprietor of the Comercializadora M. business, where she sells fish and white meats. She also sells toothpaste, hand and body creams, and general cosmetics.

This is her second loan with the Fundación Mario Santo Domingo. She will use the loan to buy chicken, fish, tuna, canned goods, and personal hygiene products like toothpaste and soap.

Magaly is enthusiastic about her Kiva loan, her second loan, because the last one was from the Fundación Mario Santo Domingo. It generated a great boost for her business. Her profits helped her to improve aspects of her life and those of her family.

Her greatest challenge is managing to have a place with a good refrigeration set up. She also wants to become a large wholesale seller of these protein delicacies. In the future she wants to see her only child become a good and very successful person.
View original language description ↓
Magalis María M. es una mujer joven y abnegada madre, de un pequeño hijo de 5 años de edad, que vive en el barrio Olaya de la ciudad de Cartagena, cuna de la música caribeña y donde florecen en sus calles, de manera silvestre bailarines y cantantes de champeta y reguetón de todas las edades que cada día agregan nuevos ritmos a la música Colombiana; ella es propietaria de la comercializadora M. donde vende pescado, carnes blancas y por otro lado vende mercancías como cremas dentales, cremas para manos y cuerpo y cosméticos en general.

Este es su segundo crédito con la Fundación Mario Santo Domingo y con él comprará pollo, pescado, atún, enlatados y productos de higiene personal como cremas dentales, y jabones. Magaly está entusiasmada con su credikiva, su segundo crédito porque el anterior que le hizo la Fundación Mario Santo Domingo, le generó un gran impuso para su negocio y con ellos sus utilidades le ayudaron a mejorar aspectos de su vida y la de su familia. Su mayor desafío es lograr tener un local con buenos esquemas de refrigeración y también convertirse en una gran mayorista de estas delicias proteinicas, para ver convertido en el futuro a su unigénito en una persona de bien y muy exitosa.

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
  • 299
    View loans »
    Colombia Loans Fundraising
  • $13,968,900
    Funds lent in using Kiva
  • 1,820.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Magalis Maria buy chicken, fish, tuna, canned goods, and personal hygiene products like toothpaste and soap.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2010
Listed
Aug 22, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011