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Luz Mery
Luz M. P., 32, is a woman living in the Carrizal neighborhood, an area characterized by its residents’ joy and for great, dynamic, independent work. In this environment where several activities meet, she has a point of sale where she sells assorted merchandise displayed in a well stocked showcase and on shelving which attract customer attention quickly.

This business is the fruit of her labor and she’s attained it thanks to her great responsibility toward her two children who are 9 and 4 years old and who she wants to see become successful in the future; they are the motivating force behind her constant, disciplined work.

Initially, Luz worked as an employee but, because she needed to be close to her children’s’ education and generate income at the same time, she decided to work independently like she’s been doing to date. He goal is to expand her general store increasing working capital.

This is the reason she’s called on her Kiva loan which is her first loan with Fundación Mario Santo Domingo. She will use it to buy sandals at wholesale because this is an item that sells fast and she doesn’t have much left in her inventory. While building and working toward her dream, she maintains a profit margin of no less than 25% and every day creates options to increase it.
View original language description ↓
Luz M. P. de 32 años de edad es una mujer que vive en el barrio Carrizal, un sector caracterizado por la alegría de sus habitantes y por el gran dinamismo en el trabajo independiente. En este ambiente donde confluyen muchas actividades tiene un punto de venta comercial donde se dedica a comercializar mercancías variadas, dispuestas en una estantería y vitrinas bien surtidas que llaman rápidamente la atención de su cliente. Este negocio es producto de sus esfuerzos y lo ha logrado gracias a su gran responsabilidad con sus dos hijos en las edades de 9 y 4 años, a quienes quiere ver triunfadores en un futuro y son el motor que la impulsan a trabajar continuamente y con mucha disciplina. Luz inicialmente trabajaba como empleada pero como necesitaba estar muy cerca en la educación de sus hijos y generar ingresos simultáneamente decidió trabajar de manera independiente como lo está haciendo en la actualidad. Su meta es ampliar su miscelánea aumentando su capital de trabajo, esta es la razón por la cual ha recurrido a su credikiva que es el primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará sandalias al por mayor que es un producto de alta rotación y en su inventario no tiene mucha existencia. Mientras construye y trabaja por su sueño mantiene un margen de utilidad no menor del 25% y diariamente crea opciones para incrementarlo.

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
  • 296
    View loans »
    Colombia Loans Fundraising
  • $13,948,100
    Funds lent in using Kiva
  • 1,789.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Luz Mery to buy large numbers of sandals to sell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2011
Listed
Apr 30, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012