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Olidais Esther
Olidais R. lives in the city of Barranquilla and sells different products for a living. Through specialized catalogues she sells cosmetics and underwear on a credit basis adapted to each customer's characteristics. She lives with her husand and children, ages 8 to 14, in the neighborhood of La Paz in Barranquilla where her business is set up. Olidais began selling sweets out of the front of her mother's home in the center of the neighborhood. She began her business with 60,000 COP that her brother gave her as a gift.

Her microbusiness has a profit margin of no less than 30% and an accounts receivable turnover of 30 days. This is her first CrediKiva loan through the Mario Santo Domingo Foundation and she plans to use it to increase her working capital and buy different merchandise, especially underwear which has already been ordered. She is sure this will be a sound investment with an immediate turnover.

Her dream for the future is to have her own store. For now her main challenge is the limited space in her apartment.
View original language description ↓
Olidais R. vive en la ciudad de Barranquilla y se dedica a la venta de productos variados en miscelanea y mediante guías especializadas vende productos cosméticos ropa interior en líneas de crédito adaptadas a las características de sus clientes; ella vive con su cónyuge y sus hijos en las edades de 8 a 14 años en el barrio la Paz de la ciudad de Barranquilla., donde está ubicado su negocio. Olidais empezó inicialmente vendiendo dulce en la puerta de la casa de su madre, quien vive en la calle central del barrio e inició con $60.000 COP que le regaló su hermano. En su microempresa, maneja un margen de utilidad no menor de 30% y unas cuentas por cobrar que rotan cada 30 días. Su credikiva es el primero que realiza con la Fundación Mario Santo Domingo porque quiere incrementar su capital de trabajo; con él comprará diversas mercancías especialmente ropa interior que tiene encargada y está segura que rotará inmediatamente, lo que le augura una inversión exitosa. Su sueño más adelante es tener un almacén en un local propio aunque su mayor desafío es la incomodidad del espacio de su apartamento y el poco espacio que dispone para su vida familiar un poco mas tranquila.

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

  • $11,100
    Average annual income
  • 473
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,810.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Olidais Esther to buy different merchandise to fill orders.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2011
Listed
May 17, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012