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Grace Patricia
Grace Patricia M. is a 28 year-old woman who lives with her husband and 9 year-old son in Por Fin neighborhood, in the south-west of the city of Barranquilla. She has a general store where she sells decorative items, shoes and plastic products. She displays different products in her business according to the season. Grace Patricia started her business in 2007. Originally she sold products through specialized cosmetics guides. Once her profits increased, she diversified her business, even adding display cases where she displays her merchandise.

Grace Patricia dreams of seeing her business become a large store located in her own home as she currently lives in a rental house. Her business is a great support for her household. For this reason, she is approaching Fundación Mario Santo Domingo in order to increase her working capital through a loan and to receive business training. This will be her first loan through Kiva. She plans to buy lists of school supplies that schools require students to have. She will sell these supplies to the children's parents on credit so that their children have all the supplies they need even though the family may be unable to afford an immediate expense.

Grace Patricia's business has profits of 33%, an inventory turnover period of 35 days and a current working capital of 1,450,000 Colombian pesos. These are the financial indicators on which she plans her business growth.
View original language description ↓
Grace Patricia M. es una mujer de 28 años que vive con su conyuge y su hijo de 9 años en el barrio Por Fin, de la ciudad de Barranquilla al sur occidente de esta capital. Alli tiene una miscelanea donde vende fantasia, calzado, productos plàsticos, negocio que mantiene con la exhibiciòn de articulos diferentes en cada temporada. Esta actividad la inicò en el año 2007 inicialmente vendiendo productos, mediante guias especializadas de cosmèsticos, una vez aumentaron sus utiliddes fuè diversificandolo hasta adicionar vitrinas, donde exhibe su merancia. Grace sueña ver su negocio convertido en un gran almacen ubicado en su propia vivienda, pues en la actualidad habita en condiciones de arreandamiento. Su negocio es de gran apoyo a las necesidades de su hogar, por eso acude a la Fundaciòn Mario Santo Domingo, para aumentar su capital de trabjo mediante financiamiento y formaciòn empresarial, aplicando, en este su primer credito, mediante la lìnea credikiva, pues planea comprar listados de ùtiles educativos, que requieren los colegios a sus estudiantes para su desempeño y que ella puede acreditar a los padres de familia, para que sus hijos lleven todos sus libros, cuando la familia no tengan la posibilidad de hacer un gasto inmediato. El negocio de Grace Patricia maneja una utilidad del 33% mientras sostiene una rotaciòn de inventarios de 35 dias y un capital de trabajo actual de $1,450.000 COP. , indicadors desde los cuales se planea su crecimiento empresarial.


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
  • 469
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    Funds lent in using Kiva
  • 1,883.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Grace Patricia to buy lists of school supplies to sell to her customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2011
Listed
Feb 16, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012