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Elvia Del Socorro
Elvia García knows very well what it means to have businesses. She doesn't only work hiring out chairs for different occasions such as fiestas, community meetings and big celebrations but also sells clothes, cosmetics and decorations and small trinkets which her customers request, particularly housewives, for gifts. As the end of the year is approaching Elvia knows perfectly well how busy the market is over the Christmas period, she is requesting a Kiva loan to buy chairs to hire out for events since the 210 which she already has are not enough. She will also buy merchandise to renew what she already has.

This is her 16th loan with Fundación Mario Santo Domingo. She used her previous loans to make great progress in her business because she increased her number of customers and was able to have available what they needed. She has also seen improvements in her personal life, in terms of her own independence and, in her home as well, as she has managed to improve her family's well-being. Currently, her customers are people to whom she has been recommended, housewives and young people who love the trinkets she sells as they look beautiful. She serves her customers from 9.00am to 5.00pm, Monday to Saturday. Elvia's business has its working capital in amounts receivable and in some in-stock merchandise which needs to be renewed. Her profitability on her sales is 32% and her future debt 52. For this reason, she would find a loan very useful in this season where she sees a definite rally in her sales and an increased demand for her chair-hire services.
View original language description ↓
Elvia García conoce muy bien lo que significa tener negocios, por eso no solo se dedica a alquilar sillas para diversos eventos como fiestas, reuniones comunales y grandes celebraciones, sino que también vende ropa, cosméticos, adornos de fantasía y detalles que solicitan sus clientes, en especial las amas de casa para regalos. Como ya se acerca el fin de año y Elvia conoce perfectamente lo que se mueve en el mercado durante la época navideña, está solicitando su credikiva para comprar sillas y alquilarlas en eventos, pues las 210 que tiene no son suficientes, tambien comprará mercancia para renovar la que tiene; este su credikiva es el crédito numero 16 que tiene con la Fundación Mario Santo Domingo; con los anteriores ha logrado un gran progreso en su negocio, porque ha aumentado sus clientes y la posibilidad tener disponible lo que ellos necesitan; en su vida personal también existen mejorías, en términos de autonomía y en su hogar a nivel de incremento de su bienestar familiar. En la actualidad sus clientes lo conforman personas naturales, recomendadas de ellos mismos, amas de casa y jóvenes que les encanta los detalles para lucir bellas. Su horario de atención es de 9:00 a 5:00 de lunes a sábados; el negocio de Elvia tiene su capital de trabajo representado en las cuentas por cobrar y en algunas mercancías en stock, que necesitan ser renovadas, su rentabilidad sobre las ventas es de un 32% y su endeudamiento futuro del 52, por eso un financiamiento le caería muy bien en esta temporada de gran repunte en sus ventas y de su oferta de servicios de sillas en eventos lúdicos.

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
  • 267
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    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 Elvia Del Socorro to buy chairs to hire out for events since the 210 she already has are not enough. Also, to buy merchandise to renew that which she already has.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2010
Listed
Nov 13, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012