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Betty Judith
Betty is 53 years old and lives with her partner in La Magdalena neighborhood. She has a hairdressing business where she also sells her customers hair products and other products that highlight their male and female beauty and image. This is Betty's first loan from Fundación Mario Santo Domingo and her first Kiva loan. She will invest it in buying beauty and personal care products and hairdressing supplies that she needs for her beauty treatments such as hair straightener, shampoo and rinse. She will make these purchases wholesale and pay cash. This will be a successful investment as she will receive discounts for buying in large quantities. This will help keep prices reasonable for her customers. Betty started her business ten years ago and she runs it from her parents' home. There she provides her customers with hair cuts, hair straightening, pedicures and manicures. She also sells related merchandise for her customers' personal and professional image such as skin cream, nail polish, cosmetics, etc.

Betty's dream is to own a hair and beauty product wholesalers as well as an academy where she can teach students the techniques that she knows so well and that she would like to hand down to other generations so that they can turn this knowledge into a business that makes them income and permanent work. Betty's biggest challenge is having her own home where she can comfortably locate her small business. For this reason, she takes care every day to work hard in order to make the savings she needs to achieve this.
View original language description ↓
Betty de 53 años de edad vive con su cónyuge e el barrio La Magdalena; ella tiene un negocio de peluquería, donde también vende a sus clientes productos capilares entre otros que resaltan la belleza e imagen femenina y masculina. Es te es su primer financiamiento con la Fundación Mario Santo Domingo y su primer credikiva, el cual invertirá en la compra de productos de tocador y de aseo personal e insumos de peluquería, que necesita para hacer sus tratamientos de belleza, como alicer, champoo y rince al por mayor y de contado, asegurando una inversión exitosa por los descuentos en mayor cantidad y un precio moderado para sus clientes. Su negocio lo inició hace diez años y funciona desde entonces en la casa de sus padres, allí Betty presta el servicio de cortes de cabellos, alicer, pedicure, manicure y vende mercancías asociadas al realce de la imagen personal y profesional de sus clientes, como gel para la piel, pintauñas, cosméticos etc.
Su sueño es tener una distribuidora de productos capilares y de belleza en general, ademá de una academia donde instruir a estudiantes con las técnicas que ella conoce perfectamente y que desea transmitir a muchas generaciones, para que conviertan este conocimiento en un negocio generador de ingreso y empleo permanente. Su mayor desafío es tener una vivienda propia para ubicar su microempresa de una manera confortable, por eso se esmera todos los días en trabajar arduamente para lograr ahorros que se lo permitan.

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
  • 555
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,881.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Betty Judith to buy beauty and personal care products as well as hairdressing supplies.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2011
Listed
Feb 23, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011