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Mercedes Isabel
Mercedes G. is 65 and makes a living selling cheese at the retail level. She is married and a mother of 6 children ages 33 to 42. She lives the Las Palmas neighborhood south of Barranquilla. She has a business selling cheese, which she started 40 yeas ago in Concordia (a town in the department of Magdalena), but then moved it to Barranquilla when she has been successful. She sells to large company employees as well as to a number of small businesses.

Her Kiva loan is her sixth with Fundacion Mario Santo Domingo, with which she has worked with for 5 years. With her loan she will buy cheese to sell wholesale to local businesses as well as by the pound for domestic consumption.

Mercedes is a optimistic woman because her small business has been able to get her family ahead. She has been successful with the decisions she has maD. in her business and she is well known for selling the best cheese. She is so well known that families traveling abroad will take cheese to relatives in the United States and Europe.

Mercedes rotates her inventory every 8 days with a profit of 20% on products, a 25% profit on her investment, 28% profit on her assets and 50% ability to pay. Her dream is to expand her business into a larger company in order to help the 3 grandchildren she loves deeply and is for which she is responsible.
View original language description ↓
Mercedes Gutiérrez tiene 65 años y se dedica a la venta D. queso al detal, ella es una mujer casada, madre D. 6 hijos en las edades D. 33 a 42 años, que vive en el barrio Las Palmas, al sur D. Barranquilla. Su negocio es la comercialización D. Queso, que inició en Concordia, un pueblo del departamento del Magdalena, hace aproximadamente 40 años, y terminó trasladándolo a la ciudad D. Barranquilla, donD. desarrolló esta actividad con éxito, vendiendo entre empleados D. empresas y en diversas microempresas.
Su credikiva es el sexto financiamiento que hace con la Fundación Mario Santo Domingo, organización a la que se encuentra vinculada desD. hace 5 años y con él comprará, queso para comercializarlo con las tiendas en el sector al por mayor, y al detal por libras para el consumo D. los hogares D. sus clientes. Mercedes es una mujer que permanece muy contenta, porque con su microempresa D. queso, ha logrado sacar adelante a su familia, y ha tenido éxito en cada decisión respecto a ella, por eso es muy reconocida por vender el mejor queso; tanto es el posicionamiento D. su actividad, que a ella llegan familias que viajan al exterior, y como conocen la calidad D. su producto le compran, para llevar cuando viajan fuera del país a familiares, que viven en los Estados Unidos y en Europa. En la actualidad Mercedes presenta una rotación D. sus productos cada 8 días, una rentabilidad sobre las ventas D. un 20%, la rentabilidad sobre su inversión es D. un 25% , la rentabilidad sobre su patrimonio es del 28% y así mismo posee una capacidad D. pago D. un 50%.
Su sueño es lograr terminar la segunda planta D. su vivienda, pues se encuentra en obra negra y desea separar el medio ambiente empresarial del familiar y también sueña con ampliar su negocio, hasta convertirlo en una gran empresa, para seguir apoyando a 3 nietos a los que Mercedes ama profundamente y están bajo su responsabilidad.

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
  • 189
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,880.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Mercedes Isabel buy cheese at wholesale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 15, 2010
Listed
Dec 13, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 16, 2011