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Luz Emilsen
Luz P. P. is the owner of “Tienda La Caleña” where she sells retail products such as food, provisions, soft drinks, and liquor. This activity became part of her vocation in 2008 when she came to the northern coast of Colombia with her husband and two children, who are now 14 and 21 years old. With the severance pay her husband received from his job, Luz started her business with little capital. She gradually acquired fixed assets and stocked her business in small quantities. At the moment, she has reached a point of equilibrium so she does not want to accumulate debt unless she is organized enough to make her payments on time. Since her husband started a job as a security guard, Luz decided to begin building her credit record with Fundación Mario Santo Domingo. This is why she has returned for a Kiva loan. In addition, she wants to respond to her need for growth because without this support, Luz is limited by her lack of capital for buying all of the everyday products that her customers are demanding.

With her Kiva loan, Luz will stock her store with products that have high turnover. In the future she wants to start a new business in addition to her store, selling fast food. This will be her greatest challenge.
View original language description ↓
Luz P. P. es la propietaria de la Tienda La Caleña, allí vende productos al detalle, como ranchos, víveres, refrescos y licores, actividad que forma parte de su vocación y que inició en el año 2008 cuando se vino a la Costa Norte de Colombia con su esposo y sus dos hijos, hoy en las edades de 14 a 21 años. Con una liquidación de su esposo cuando trabajaba, emprendieron la mencionada actividad, con poco capital, pero gradualmente fueron comprando sus activos fijos y surtiendo su negocio en muy pequeñas cantidades. En la actualidad están aún en el punto de equilibrio, porque no querían endeudarse si no estaban organizados para pagar puntualmente. Como el esposo de Luz empezó a trabajar como vigilante, han decidido iniciar su vida crediticia con la Fundación Mario Santo Domingo y esta es la razón por la cual recurren a su credikiva, además de querer responder a su necesidad de crecer que sin este apoyo está limitada por la falta de capital de trabajo disponible para comprar todos los productos de la canasta familiar que sus clientes exigen cada vez más; Con su credikiva, surtirán la tienda con productos de mayor salida porque en el futuro desean emprender una nueva actividad simultánea a la tienda: vender comidas rápidas y este es justamente su mayor desafío.

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
  • 263
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,860.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Luz Emilsen to restock her store with products such as oil, rice, canned goods, and soft drinks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2011
Listed
Mar 17, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012