Check out some available loans that are similar to this one!
Marina
Marina C. is 43 years old. She owns a store which is located in Santo Domingo de Guzman neighborhood, in the city of Barranquilla, where she sells basic family shopping basket goods retail, for cash and also on credit. Her main customers are housewives and parents in the area. With her sales of food products, groceries, meat, dairy products and soft drinks, Marina fulfils the needs of her community. She provides a special service to each and every customer in accordance with their communicativeness and their financial ability to shop.

Marina's business is well stocked but because she buys on credit, she often doesn't earn the discounts that she would if she paid cash. Nor does she get to take advantage of the special, low-price offers that her suppliers provide to those who buy in larger volumes. For this reason, Marina has approached Fundación Mario Santo Domingo to apply for her first loan which she will use to buy food products, meat and canned goods to sell to her customers during this vacation period of Semana Santa (Holy Week) which is approaching with all its rituals and the increase in shopping that it entails when families receive visitors and share their food while they pray and enjoy the special altars that churches display during their services.
View original language description ↓
Marina C. de 43 años es la propietaria de una tienda ubicada en el barrio Santo Domingo de Guzman en la ciudad de Barranquilla, donde vende de contado y a crédito productos de la canasta familiar al detalle, entre sus principales clientes que son las amas de casa y padres de familias del sector; con sus ventas de ranchos víveres,abarrotes,carnes, lácteos, refrescos, Marina satisface las necesidades de la comunidad, agregándole como valor el servicio especial que presta ella a cada cliente, de acuerdo a sus características comunicacionales y adaptado a sus posibilidades financieras de compra; Su negocio permanece surtido, pero como compra a crédito, muchas veces no se gana los descuentos por hacerlo de contado, ni las ofertas especiales a buen precio, que ofrecen sus proveedores por compras en mayores volúmenes; esta es la razón por la cual se acercó Marina a la Fundación Mario Santo Domingo para aplicar a su primer financiamiento, con el cual comprará ranchos, víveres, carnes, enlatados, para ofrecerlos a sus clientes, en estas épocas de parciales vacaciones, a consecuencia de la semana Mayor, o semana santa, que se avecina con todos sus rituales e incremento en las compras que hacen las familias cuando reciben visitas y comparten sus alimentos mientras oran y disfrutan de los monumentos que exhiben las iglesias en sus ritos.

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
  • 338
    View loans »
    Colombia Loans Fundraising
  • $14,070,600
    Funds lent in using Kiva
  • 1,811.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Marina to buy food products, meat and canned goods in bulk to sell to her customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2011
Listed
Apr 19, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012