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Denis Del Carmen
Denis B. is 49 years old and lives with her husband in Sierrita neighborhood, in the city of Barranquilla. She sells a variety of merchandise. She started her business in her own community but, thanks to the loans she has had from Fundación Mario Santo Domingo, she has managed to increase her sales, have working capital available to buy her products for cash, make new profits and, with these profits, finish building her house, pay for her daughter's studies and generally improve her financial situation.

Denis' accounts receivable turn over every 30 days. Her return on sales is 40%, her borrowing capacity is 45% and her payment capacity is 96%. Denis won't stop growing her business and working to achieve her dream which is to turn her business into a prosperous store. In this way she hopes to provide her 12 year-old daughter with a university education. She is planning a successful future for her daughter, following a quality education.

Denis will use her loan to buy women's, men's and children's clothes and cosmetics which will enhance her customers' image during this end-of-year season so that families can celebrate the holidays with a lot of energy and peace in God which is how it should be.
View original language description ↓
Denis B. tiene 49 años y vive con su cónyuge, en el barrio la Sierrita de la Ciudad de Barranquilla, lugar donde está dedicada a la venta de mercancía variada que inició en su propia comunidad, pero gracias a los financiamientos con la Fundación Mario Santo Domingo, hoy ha logrado incrementar sus ventas, tener un capital de trabajo para comprar de contado, adquirir nuevas utilidades y con ello terminar de construir su casa, pagar los estudios de su hija y en general mejorar su situación de ingresos. El negocio de Denis rota sus cuentas por cobrar cada 30 días, su rentabilidad sobre ventas es del 40% , su capacidad de endeudamiento es de 45% y posee una capacidad de pago de 96% . Denis no desfallecerá en hacer crecer su negocio y alcanzar su gran sueño y su desafío que es convertirlo en un próspero almacén, logrando así estudios universitarios para hija de 12 años, pues con ella planea un futuro exitoso, resultado de una educación de calidad. Con su credikiva comprará ropa para damas caballeros y niños y cosméticos que realcen la imagen de sus clientes durante este fin de año, a fin de que las familias celebren las fiestas con mucho ánimo y en paz de Dios como debe ser.

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
  • 466
    View loans »
    Colombia Loans Fundraising
  • $15,270,025
    Funds lent in using Kiva
  • 1,899.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Denis Del Carmen to buy women's, men's and children's clothes and also cosmetics.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 9, 2010
Listed
Dec 7, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012