Check out some available loans that are similar to this one!
Malka Irina
Malka has a business in Villa del Carmen called "Ferreteria Malka" (hardware store), she sells building materials, concrete blocks made at the store, which started three years ago as a family business selling what was produced, she bought the land, built a house and was able to increase sales volumes and create four job opportunities for two block makers and two handlers. Malka also has 2 wheelbarrows that help transport the materials her clients buy. This credit is her first loan with Kiva, through "fundacion Mario Santo Domingo", with it she will buy cement, sand and make blocks for pending orders. Her business has daily average sales of $115 USD (220,000 Colombian pesos) with a gross margin of 10%. Malka is a brave entrepreneur that lives with her five year old son and a niece, she is the head of the family and her dream is to expand the business until it becomes the best hardware store in the area, she wants to help her family get ahead, particularly her son, she has a big challenge ahead because during raining season orders get behind but she knows better times will come for her and her family.
View original language description ↓
Malka en Villa del Carmen tiene un negocio llamado Ferreterìa Malka, donde vende materiales para construcciòn, bloques y calados fabricados en la misma ferreterìa, la cual iniciò 3 años atrás, en un local familiar y con lo producido por su negocio, adquiriò el lote, construyò su vivienda y logrò ampliar el volumen de ventas, hasta generar cuatro empleos directos: dos bloqueros y dos transportadores. Malka ademàs tiene ademàs dos carrertllas que se encargan del domicilio, de los materiales para construcciòn que compran sus clientes. Su crediKiva es su primer financiamiento, con la fundaciòn Mario Santo Domingo, con èl comprarà cemento, arena, para la venta y elaboracion de bloques y calados que tiene encargados. Su negocio maneja ventas promedias de $220.000 COP diarios, un margen de ganacias del 10%. Malka es una emprendedora y valiente mujer que vive con un hijo menor de edad (5 años) y una sobrina, ya que es madre jefe de familia, por eso su sueño es ampliar su negocio hasta convertirla en la mejor ferreteria de su sector , pues quiere ayudar mucho en la superaciòn de su familia especialmente de su pequeño; aunque tiene un gran desafio pues en èpocas de lluvias se retrasan los pedidos no duda que vendran tiempos mejores de prosperidad para su negocio y su familia.

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
  • 288
    View loans »
    Colombia Loans Fundraising
  • $13,892,025
    Funds lent in using Kiva
  • 1,918.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Malka Irina buy cement and sand to make and sell concrete blocks.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2010
Listed
Dec 18, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011