Check out some available loans that are similar to this one!
Luz Elena
Margie’s Beauty Salon is Luz Elena’s business with which she has had seven years of experience and has also been in operation for seven years. Her specialty is haircuts and styling for women, men, boys, and girls for all occasions. Her service is well known in the neighborhood of Silencio de Barranquilla where she counts on great clients that are regulars and seasonal. Margie’s Beauty Salon is a microenterprise that started its operation in 2003, driven by the initiative of her aunt who was retired and looking for new income; her aunt rented a locale with a manicurist friend and she acquired the basic tools to start working. In 2005 her aunt gave Luz Elena the business, so that she could have her own source of income to pay for her studies; since then she has not ceased, and has remolded and grown. Currently she counts on two stylists and one manicurist, and thanks to her business she has finished her studies. Her dream now is to have her own spa in her own locale and she is working to increase her profits to be able to achieve this goal in the future. This is her first Kiva loan through Fundación Mario Santo Domingo, and with it she will purchase wholesale products such as shampoo, gel rinse, lacquers, and towels. Luz’ business is self sustainable, has a 41% profit margin, and she can pay all of her expenses. She has the capacity to handle future commitments, and also has the liquidity to cover her short term debt, and turn over her accounts to cover charges and inventory; her future costs will not be affected by her new loan.
View original language description ↓
Sala de belleza Margie es el negocio de Luz Elena que lleva siete años de experiencia y siete de funcionamiento, su especialidad es el corte y los peinados para damas, caballeros, niños y niñas, en toda ocasión. Su servicio es bien reconocido en el barrio el Silencio de Barranquilla y de ahí se desprende la buena clientela con la que cuenta, que es de carácter fijo y ocasional. Sala de Belleza Margie, es una microempresa que inició sus operaciones en el año 2003, por iniciativa de su tía, cuando estaba por pensionarse y buscaba nuevos ingresos; ella alquiló un local con una amiga manicurista y adquirió las herramientas básicas para empezar a trabajar. En el año 2005 la tía cedió su negocio a Luz Elena, para que tuviera su propia fuente de ingresos con que pagar sus estudios y desde allí no ha cesado, hizo remodelaciones y ha crecido; en la actualidad cuenta con dos estilistas, una manicurista y también gracias a él terminó sus estudios. Su sueño ahora se concentra en tener su propio spa en un local propio y está trabajando para lograr aumentar sus utilidades y más adelante poder lograrlo. El credikiva es su primer financiamiento con la Fundación Mario Santo Domingo, el comprará productos como champoo, rinse gel, lacas y toallas al por mayor. El negocio de Luz es auto sostenible, presenta un margen de utilidad el 41%, puede solventar todos sus gastos y tiene capacidad de pago para afrontar compromisos futuros, así como liquidez para responder a sus deudas a corto plazo, además de presentar una rápida rotación de sus cuentas por cobrar e inventarios y su endeudamiento futuro no se verá afectado con el nuevo crédito.

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
  • 193
    View loans »
    Colombia Loans Fundraising
  • $13,090,925
    Funds lent in using Kiva
  • 1,902.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Luz Elena she will purchase wholesale products such as shampoo, gel rinse, lacquers, and towels.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2010
Listed
Dec 15, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 20, 2011