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Velma Ester
Velma U. lives with her spouse and two children of ages 13 and 15 in the Pradera neighborhood located southwest of Barranquilla. There she has a store called, El Esfuerzo (The Effort), which she started in 99' as a small sale of household items and has gradually grown thanks to her discipline and innate administrative capacity.
She is currently applying for her first loan in order to stock her business with refreshments and wholesale groceries; prices go up towards the end of the year and this way her inventory would be stocked at the best cost and at the best time of the year. Velma is a woman with big dreams, primarily it is to see her kids become professionals; she would like them to be doctors which is why she works so persistently. Her business presents a 19.35 % profit-earning capacity and hopes that after injecting working capital it increases to 25% as an effect of the holidays that are near; a time when her sales usually increase. Her working capital is $12,956,480 COP, her level of debt is 28.8 % and her portfolio turnover is daily. She predicts that her investment will be magnificent this year and will do well in paying the monthly credikiva quotas.
View original language description ↓
Velma U. vive con su cónyuge y sus dos hijos en las edades de 13 y 15 años en la Pradera, un barrio al suroccidente de Barranquilla, donde tiene una tienda llamada El esfuerzo, que inició en el año 1999 como una pequeña venta de artículos de la canasta familiar y que gradualmente ha ido creciendo gracias a su disciplina y la capacidad administrativa innata de Velma.
En la actualidad está aplicando a sus primer financiamiento, para surtir su negocio con refrescos y víveres al por mayor, porque a finales de año aumentarán los precios y ella estaría surtida con un buen inventario a un mejor costo y en la mejor temporada del año. Velma es una mujer de grandes sueños, su principal es ver a sus hijos convertidos en unos profesionales y le gustaría que fueran médicos, por eso se esmera trabajando persistentemente. Su negocio presenta una rentabilidad actual de 19,35% y espera que al inyectarle el capital de trabajo aumente a un 25%, por efecto de la época de fiestas que se avecina y que usualmente es la temporada donde se incrementan sus ventas, su capital de trabajo es de $ 12.956.480 COP, su nivel de endeudamiento es de 28,8% y su rotación de cartera es diaria. Ella augura que su inversión será magnifica en este fin de año y quedará muy bien en el pago de las cuotas mensuales de su credikiva

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
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,890.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Velma Ester surtir su negocio con refrescos y víveres al por mayor.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 26, 2010
Listed
Nov 25, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012