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Nancy Isabel
Nancy N. lives in the Ciudad Modesto neighborhood located in the southwest part of the city. She has a business there selling merchandise, especially footwear. She is a married woman and has 6 children ranging in age from 25 to 35. Nancy started her business in 2005 in search of additional income to improve her family’s living conditions which up to that point had been solely her husband’s responsibility. She started out selling beer with an initial capital she saved from household expenses, money her husband would give her for family support.

Her goal is to expand it and use profits to do some home improvements. Even though she has little working capital, she continues working hard to increase it generating a net profit rate of 26% with a 10 day accounts receivable turnover because she sells on credit and has a sizeable clientele that buys in large volume.

She is currently applying for her first loan from Fundación Mario Santo Domingo and will use her Kiva loan to buy a quantity of beer as well as assorted merchandise she has pending customer orders for due to the approach of one of Colombia’s most important family occasions that brings heightened spending: Mothers Day.
View original language description ↓
Nancy N. vive en el barrio Ciudad Modesto, ubicado al suroccidente D. la ciudad; allí tiene un negocio donD. comercializa mercancías, especialmente calzado; ella es una mujer casada que tiene 6 hijos en las edades D. 25 a 35 años. Nancy inició su negocio en el año 2005, buscando ingresos adicionales para mejorar las condiciones D. vida D. su familia, que hasta en ese momento estaban solo a cargo D. su esposo , asì ella comenzò vendiendo cervezas, con un capital inicial que logró ahorrando D. los gastos del hogar, con el dinero que le daba su esposo para el sostenimiento D. su familia.
Su meta es ampliarlo y lograr con sus utilidades mejorar las condiciones habitacionales y aunque tiene poco capital D. trabajo, continua trabajando fuertemente para aumentarlo, generando con su actividad una utilidad neta del 26% y rotando sus cuentas por cobrar cada 10 días, porque ofrece su negocio a crédito y tiene una importante clientela que le compra en mayor volumen. En la actualidad está aplicando a su primer crédito con a Fundación Mario Santo Domingo y con su credikiva comprará en volumen cervezas y también mercancía variada que tiene encargada por sus clientes, con motivo D. una D. las fechas más importantes para las familias colombianas y D. gran despliegue comercial: "el día D. las madres".




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
  • 534
    View loans »
    Colombia Loans Fundraising
  • $14,658,975
    Funds lent in using Kiva
  • 1,780.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Nancy Isabel to buy an assortment of beer as well as asssorted merchandise she has pending customer orders for.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 29, 2011
Listed
Apr 28, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012