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Betty
Betty Z. lives in the city of Cartagena, Department of Bolívar, with her husband and two children (ages 12 and 15). In 2007 she returned to Colombia with no money after living in Venezuela. The only asset that she had was the house she acquired as a result of working for such a long time. At that point, Betty decided to start from scratch. Her husband worked as a mason, but he had lost touch with all of his contacts in the construction business. For this reason, she started a business selling frozen treats, soft drinks, frozen fruits, and cheese snacks at the entrance of a school near her home. This allowed her to earn some money to support her family. As her husband started to find work, she began accepting orders and traveling to buy the items that her customers needed. In return, her customers would pay for all of their merchandise by a specified deadline. Gradually and judiciously, Betty was able to buy a display case for organizing her business and exhibiting her merchandise. With great effort and discipline in her work, she was able to move her children forward with their education. Betty hopes to fulfill her dream of seeing her children become professionals.


This is her first loan with Fundación Mario Santo Domingo. Betty will use the proceeds to buy clothing, shoes, and cosmetics since she sells more these products at the end of year and has already received orders for these items. Her dream is to convert her business to a large variety store where she can offer a little bit of everything that her customers need until her establishment becomes well-known. Her greatest challenge is to build up her operating capital every day, so the loans will help her in this regard.

View original language description ↓
Betty Z. vive en la ciudad de Cartagena en el departamento de Bolívar, con su cónyuge y 2 hijos en las edades de 12 y 15 años; desde el año 2007 regresó a Colombia procedente de Venezuela sin ningún dinero y contando solo con el patrimonio que había logrado obtener, mediante su trabajo durante mucho tiempo: su casa. Así fue como iniciaron desde cero, pues su esposo de oficio albañil, había perdido contacto con los constructores y por eso iniciaron con una venta de boli, bebida refrescante y congelada de frutas naturales y deditos de queso en la puerta de un colegio muy cercano a su casa, para lograr algo de efectivo corriente y sostener su familia. Mientras su esposo empezaba a trabajar, ella fue poco a y anotaba en su libreta los pedidos y salía a comprar lo que sus clientes necesitan, acordando con ellos un plazo para pagar la totalidad de la mercancía. Gradualmente y con mucho juicio logró comprar una vitrina, lo cual le dio mayor orden a su negocio y de esa manera vendía mas pues se veía la mercancía exhibida. De esta manera con mucho esfuerzo y trabajo disciplinado, fue sacando adelante los estudios de sus hijos y así espera cumplir su sueño de verlos convertidos en unos profesionales.
Este es su primer crédito con la Fundación Mario Santo Domingo, con el comprará ropa, calzado cosmético que es lo que más se vende a final del año y desde ya tiene encargados. Su sueño es convertir su negocio en una gran miscelánea, donde tenga de todo un poco de lo que sus clientes requieran, hasta lograr convertirla en un almacén muy reconocido. Su mayor desafío es la construcción de su capital de trabajo día a día y por eso requiere estos financiamientos que la ayudan a este propósito.

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,809.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Betty purchase clothing, shoes, and cosmetics.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2010
Listed
Sep 30, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2012