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Laura
Laura is a married woman with 4 children, aged 16 to 34, who lives in Cundinamarca/Bogota. She is an entrepreneur dedicated to selling leather clothing imported from Los Angeles (USA). Roughly a year ago she became independent, opening her present business, after working for a long time as manager of a bank office, where she got to know the Fundacion Mario Santo Domingo, which attracted her attention, in hopes of becoming part of their micro-enterprise program. She alternates her commercial activity, serving as an account executive, then independently, selling life insurance policies, for which she receives a commission, and next year she expects to receive her pension.

Laura's micro-enterprise presently has the following financial indices: a cost of sales of 36%, a gross profit of 64%, an operating profit of 40.78% of sales value, and a net profit over sales of 29.5%. Indications are that her liquidity can support a short-term debt. Inventory circulation is every 20 days, from the time of purchase to sales and time of payment.

Laura is a woman who is dedicated to her activity and very well organized with her finances, even to the point where after many years working in a financial institution, she takes good care of her credit life. But, today, being independent, she is not eligible for bank loans. For this reason, she has approached this Foundation for the purpose of establishing her credit life, to open a market and take advantage of the contacts she has made over many years.

This is the reason for her Kiva loan, the first with the Foundation, which will be invested in working capital, taking advantage of the Christmas season and having sufficient stock to fulfill her customers' orders, increase her capital, and to be self-sufficient in managing discounts and gaining better tax margins. Laura will buy leather clothing, shirts, coats, jackets, perfume, underwear, and womens' purses and bags.
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Laura es una mujer casada y con 4 hijos en las edades de 16 a 34 años, que vive en Cundinamarca /Bogotá. Ella es una empresaria dedicada a la comercialización de prendas de cuero importadas desde Los Ángeles ( USA ). Hace 1 año se independizó en su actual negocio, después de ser por mucho tiempo empleada como gerente de oficina un banco, lugar donde conoció la Fundación Mario Santo Domingo, lo cual hizo que hoy en día le llamara la atención , ser parte del programa de microempresas; ella alterna su actividad comercial como ejecutiva de cuentas, también independiente , vendiendo pólizas de vida con las que obtiene ingresos por comisiones y para el próximo año espera su pensión . La microempresa de Laura tiene en la actualidad presenta los siguientes índices financieros: un costo de ventas del 36%, la utilidad bruta es de 64%, una utilidad operativa del 40,78% del valor de las ventas y un 29,50% corresponde a la utilidad neta sobre ventas y sus indicadores de liquidez pueden soportar un endeudamiento a corto plazo; en cuanto a la rotación de inventarios es de 20 días por el tiempo que transcurre de la compra a la venta y el pago de su cartera. Laura es una mujer dedicada a su actividad, muy organizada con sus finanzas hasta el punto de que luego de llevar muchos años trabajando con una entidad financiera, cuida mucho su vida crediticia y hoy en día siendo independiente, no le alcanza para obtener los puntajes que solicitan los bancos, por eso acude a la Fundación con tal de construir su vida crediticia, abrir un mercado y aprovechar los contacto que logró por muchos años. Este es el propósito de su credikiva, primer crédito con la Fundación, con el que invertirá en capital de trabajo, para aprovechar la temporada navideña y tener un stock suficiente para suplir los pedidos de sus clientes, aumentar su capital, ser autosuficiente en el manejo de descuentos y lograr mejores márgenes de contribución; comprará así , prendas de vestir de cuero, blusas para oficina, camisetas, abrigos, chaquetas y chaquetones de cuero, perfumería, ropa interior, bolsos y botas en linea femenina.



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
  • 489
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,895.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Laura tO BUY LEATHER CLOTHING ITEMS, BLOUSES FOR THE OFFICE, SHIRTS, COATS, JACKETS, PERFUME, UNDERWEAR, WOMENS PURSES AND BAGS TO SELL.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 3, 2010
Listed
Dec 15, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012