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Margarita Lucia
Two years ago, Margarita sought to improve the wellbeing of her family so she started her business selling fried foods and soft drinks. She acquired a working capital through private and very expensive loans, which have been completely cancelled today. She thought of this idea because her husband is a taxi driver and he was the only one earning an income for the family's needs. Their family is made up of them both and their 6 children, between the ages of 2 and 17. Today, Margarita generates an income which helps with the household expenses and she feels very happy to earn more every day. She currently plans on increasing her sales and she is applying for her first loan with Fundacion Mario Santo Domingo (Kiva Field Partner). Her Kiva loan will be used to purchase ingredients in larger quantities and to purchase tools to modernize her fried foods business. She will give a better presentation to her clients and she aspires to increase her sales profits so that they are no less than 30%. Her dream is to have her own house and to expand her business so that in the future she will have savings. This will help her provide her children with a quality education for a successful future. Her greatest challenge she has faced in the past when she paid high interest to start and maintain her business. But it was an experience that taught her how to discipline herself in her business.
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Margarita buscando bienestar para su familia desde hace dos años inició su negocio de vender frituras y refrescos, capital de trabajo que adquirió mediante préstamos costosos a particulares, los cuales hoy ha reemplazado totalmente. Ella se le ocurrió esta idea porque su esposo es taxista y él era el único que aportaba al hogar dinero, para satisfacer las necesidades de la familia conformada por ellos dos y sus 6 hijos en las edades de 2 a 17 años. Hoy Margarita genera ingresos que ayudan mucho a los gastos de este hogar y se siente muy satisfecha de poder aportarle cada día más. En la actualidad planea incrementar sus ventas y está aplicando a su primer financiamiento con la Fundación Mario Santo Domingo, con su credikiva comprará insumos en mayor volumen y herramientas para modernizar la fritanguera, pues con ello exhibirá una mejor imagen a sus clientes y aspira a aumentar su rentabilidad sobre las ventas que no es menores de un 30%. Su sueño es tener su propia casa y lograr el crecimiento de su negocio para en un futuro lograr ahorros que ayuden a ofrecerles a sus hijos herramientas educativas de mejor calidad con tal de que logren su éxito futuro. Su mayor desafió ocurrió en el pasado cuando pagaba pasivos costosos para poder iniciar y sostener su negocio, pero fue una experiencia que la enseñó a disciplinarse con su negocio.

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
  • 550
    View loans »
    Colombia Loans Fundraising
  • $14,876,100
    Funds lent in using Kiva
  • 1,814.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Margarita Lucia to purchase ingredients in large quantities and to purchase tools to modernize her fried foods business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2011
Listed
May 25, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012