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Yennys
Yennys S. lives in the Centro neighbourhood of the municipality of Puerto Colombia which is close to the ocean in Atlántico Department. She is 54 years old and has raised two children who are now 25 and 28. She runs a general store which she started a year ago when she noticed an empty stall in a busy area of the municipality.

When Yennys began the business, she only had a glass cabinet and a few items for sale, but as she is a very self-disciplined person, she put the profits back into the business. In this way the business grew, as did the number of customers. They are enthusiastic about the products and the service she offers and buy more from her as each day goes by.

Yennys’s dream is to have a large warehouse of goods which is well-known and in a good position. Her biggest challenge is the tough competition she faces in terms of prices and service.

Currently she is applying for her first loan with the Mario Santo Domingo Foundation. She wishes to use the money to buy items in bulk such as cosmetics, accessories, perfume etc. In this way she will have more capital and will be able to sell on account. She expects to have a 25-day turnover of inventory.
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En el barrio Centro del municipio de Puerto Colombia, lugar muy cercano al mar en el Departamento del Atlántico, vive Yennys S., una mujer de 54 años, que ha educado a sus dos hijos en las edades de 25 y 28 y que tiene una miscelánea iniciada hace un año, aprovechando un local que estaba desocupado en una zona muy concurrida de este municipio; cuando Yennys comenzó su negocio solo contaba con una vitrina y muy poca mercancía, pero como Yennys ha sido muy disciplinada en la reinversión de sus utilidades, el surtido ha ido creciendo así como sus clientes, que cada día se entusiasman por la buena oferta de productos y servicios y hoy en día le compran mucho más. Su sueño es convertirlo en un gran almacén de variedades muy reconocido y bien posicionado, porque su máximo desafío es la aguerrida competencia, a la cual enfrenta con precio y calidad en el servicio. En la actualidad Yennys va a aplicar a su primer financiamiento con la Fundación Mario Santo Domingo, para comprar mercancías en mayor cantidad y obtener buenos precios con su compra en volumen, que trasladará a sus clientes; esta es la razón de acceso a su credikiva, con el cual comprará cosméticos, accesorios, perfumes, así Yennys fortalecerá su capital de trabajo y venderá de contado, esperando una rotación de inventarios de 25 días, como es usual que lo haga.

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
  • 488
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,878.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Yennys to buy cosmetics, accessories, perfume.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2011
Listed
Mar 17, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012