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Beatriz Elena
Beatriz Elena B. lives in Costa Hermosa, a neighborhood of Soledad where she sells various goods such as electrical appliances, footwear and clothes. She set up her business when she was working in a footwear factory approximately 25 years ago. Through her business she has helped her siblings and bought her own home which she rents out. She carries out her business together with her sister who is her principal sales manager. They buy their products in Maicao, a town in la Guajira to which they travel twice a month to buy electrical appliances, footwear and clothes. They buy their goods in the center of Barranquilla where there are providers who give them special prices because they buy in cash.

This is her eighth loan from Fundación Mario Santo Domingo and she plans to use it to buy small electrical appliances which her customers have ordered from her and clothes which she is going to promote since the month of December is approaching and she must be prepared for the great demand for products which is getting closer. Beatriz Elena tells us that being a part of the programs of the Fundación Mario Santo Domingo doesn't only mean that she can access loans but also that she has the opportunity to undertake business training which helps her to understand her business and make progress in it. Her great dream is to support her sister in the purchase of a car so that she can have a well deserved vacation.
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Beatriz Elena B. habitante en Costa Hermosa, un barrio ubicado en Soledad, vende mercancías variadas como electrodomésticos calzados y ropa; Inicio su negocio cuando trabajaba en una fabrica de calzado hace aproximadamente 25 años y con ello ayudó a sus hermanos y compró su casa, la cual mantiene arrendada. Su negocio lo desarrolla en compañía de su hermana quien es la gestora principal de sus ventas, ellas compran en Maicao, municipio de la Guajira al que viajan dos veces al mes compran electrodomésticos y todo lo que es calzado, ropa lo compran en el centro de Barranquilla donde tiene unos proveedores que les dan unos precios especiales por su compra de contado. Este es su octavo financiamiento con la Fundación Mario Santo Domingo y con él planea comprar electrodomésticos menores, que tiene encargados por sus clientes y ropa que va a promocionar, pues se acerca el mes de Diciembre y debe estar preparada para la gran demanda de productos que se avecina. Beatriz Elena cuenta que estar vinculada a los programas de la Fundación le representa no solo la posibilidad de acceder a un crédito, sino también la oportunidad de vincularse a procesos de formación empresarial, que le ayudan a entender su negocio y sacarlo adelante. Su gran sueño es apoyar a su hermana en la compra de un carro, para darse unas merecidas vacaciones.

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
  • 529
    View loans »
    Colombia Loans Fundraising
  • $14,939,450
    Funds lent in using Kiva
  • 1,836.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Beatriz Elena to buy small electrical appliances which her customers have ordered and clothes to promote.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2010
Listed
Nov 12, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 25, 2011