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Erica
Erica E. is 37 and runs a business selling clothing, shoes, handbags and accessories. As a working mother, her dream is to see her children (aged 11 and 19) eventually attain professional success. Since she began her business in 1990 this dream has guided her. Erica used to have a workshop for making high quality shoes, but competition began to undercut her sales, so she changed to offer other products, especially leather goods, along with clothing and cosmetics, to meet customer requests. She also has a transport/delivery service, which also contributes to sustain the needs of her family. This is her first loan with the Fundación Mario Santo Domingo and she plans to buy inventory of clothing, handbags, shoes, accessories and cosmetics to sell to her clients. With her knowledge of her client base, Erica foresees great success with this investment.
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Erika E. es una mujer de 37 años que se dedica al comercio de mercancías como calzado ropa, bolsos y accesorios. En su condición de madre trabajadora, tiene un gran sueño y es el de ver a sus dos hijos en las edades de 11 y 19 años, convertidos en profesionales muy exitosos , por eso desde que inició su negocio en el año 1990, no ha desistido de esta meta. En un principio tenia un taller de zapatería muy bien dotado, donde fabricaba toda clase de calzado de muy buena calidad, pero la competencia empezó a ofrecer estos productos a un mejor precio y por eso cambió de negocio y se dedicó a la comercialización principalmente de productos de cuero a los cuales fue agregando otros mas, como ropa y cosméticos, de acuerdo a lo que sus clientes solicitaban, complementando esta actividad con el servicio de transporte, ingreso con los cuales ha fortalecido el bienestar de sus dos hijos. Este es su primer financiamiento con la Fundación Mario Santo Domingo y con ello comprará calzado, bolsos, accesorios, ropa y cosméticos que han solicitado sus clientes, inversión que pronostica sea exitosa porque Erika ha tenido experiencia comercial con ellos.

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
  • 305
    View loans »
    Colombia Loans Fundraising
  • $13,787,625
    Funds lent in using Kiva
  • 1,888.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Erica to buy inventory of clothing, handbags, shoes, accessories and cosmetics.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2011
Listed
Mar 20, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012