Check out some available loans that are similar to this one!
Herminda
Herminda is 64 years old and some 20 years ago, she began her merchandising business in a very popular commercial center of Barranquilla. Here she gained all the experience she has today in selling varied merchandise from her residence. Herminda sells a little bit of everything by means of catalogs displaying products she promotes and sells. She also does direct buying.

Herminda usually sells clothing in general, cosmetics, household products, and even natural medicines. And every day she sells drinks, including Pony Malt, carbonated drinks, and juice from a refrigerator, also located in her own house.

Her dream is to expand her business. For this reason, she is applying for a Kiva loan through the Fundacion (Foundation) Mario Santo Domingo. Herminda will buy merchandise such as clothing, toys, cosmetics, and soft drinks, avoiding the end of the year when products become scarce and prices increase.

In this way, Herminda will initiate activity that can help her to sustain herself and remain permanently active. In the future, she proposes to establish a general store in a location she owns, but she lacks the capital to achieve this at present.
View original language description ↓
Herminda Padilla tiene 64 años y hace ya mas de 20, inició su negocio de mercancía en un centro comercial muy popular de Barranquilla; allí ganó toda la experiencia que tiene hoy en la venta de mercancías variada y desde su residencia, donde comercializa de todo un poco, a través de catálogos cuyos productos promociona y vende, también compra directamente. Herminda usualmente vende ropa en general, cosméticos, productos del hogar y hasta medicinas naturales, así mismo diariamente vende refrescos como pony Malta,, gaseosas, jugos desde un enfriador que también ubicado en su propia casa. Su sueño es ver crecer sus negocios, por eso está aplicando a un credikiva con la Fundación Mario Santo Domingo, con el cual comprará mercancía como ropa, juguetes, cosméticos y refrescos, aprovechando que en este fin de año se tornan algo escasos y aumentan su precio. De esta manera inicia su meta de ampliación de la actividad, que le ayuda a sostenerse y la mantiene activa permanentemente, porque más adelante se propone ubicar un almacén, en un local de su propiedad pero aun no cuenta con el capital de trabajo para lograrlo.

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
  • 233
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,802.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Herminda bUYING MERCHANDISE SUCH AS CLOTHING, TOYS, COSMETICS, AND SOFT DRINKS TO SELL.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2010
Listed
Sep 30, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011