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Isbelia
Isbelia C. is 48 years old and lives in the metropolitan neighborhood of Ciudadela with her husband and two children, ages 15 and 18. She and her family run a business called "Lauren's Bicycle Repair Shop", offering bicycle repair and maintenance services as well as spare parts. Her husband and son help her run the business, and they use the income to cover basic household expenses.

She is happy to be generating an equal share of the family's income and dreams of expanding the business through a capital injection. Isabelia wants to build up her small repair shop as a well-equipped provider of specialty services. Her biggest challenge is lack of sufficient investment capital. This is why she is turning to Fundación Mario Santo Domingo for a Kiva loan that will enable her to buy merchandise to restock her inventory of high-quality bicycle tire rims, replacement wheels, spokes, bicycle chains, and steel cables.

Eventually, Isabelia hopes to expand her inventory to include motorcycle parts. This will allow her to diversify her business activities and achieve a greater profit margin, which she currently believes is about 30%.
View original language description ↓
Isbelia C. de 48 años y vive en el barrio Ciudadela metropolitana con su esposo y sus dos hijos en las edades de 15 y 18 años, allí en compañía de su familia tiene un negocio llamado : “ Taller de bicicletas Laurens” donde ofrecen el servicio de mantenimiento y reparación de bicicletas y venta de respuestos, apoyada en esta actividad por su esposo y su hijo; con este negocio suplen las necesidades básicas de su núcleo familiar y se sienten muy satisfechos de tener una unidad generadora de ingresos que sueñan con hacerla crecer con inyecciones se capital de trabajo hasta convertirla en un punto de servicio especializado, confortable y atractivo para sus clientes. Su mayor desafío es que no cuenta con un capital suficiente para extenderse en el mercado, esta es la razón por la cual acude a la Fundación Mario Santo Domingo, para solicitar un credikiva con el cual comprará mercancías para tener más inventarios, como llantas moñonas, neumáticos rines, radios, cadenillas, guayas etc. Su meta más adelante es tener un almacén donde ofrezca también artículos para motos, diversificando su actividad con tal de obtener una mayor utilidad que en la actualidad se encuentra en un % no menor de 30%

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
  • 246
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,765.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Isbelia to buy merchandise for restocking inventory of bicycle tire rims, replacement wheels, spokes, bicycle chains, and steel cables.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2011
Listed
May 2, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012