Check out some available loans that are similar to this one!
Margarita Maria
Margarita has her own business in the Bonanza neighborhood in the municipality of Soledad. She sells jewelry and a variety of merchandise like cosmetics, perfumes and accessories that are on sale through specialty publications, or that have been ordered by her clients on credit or with cash. She started this 8 years ago, when a friend first introduced her to a specialized magazine that sells clothing and then later to another catalog that sells cosmetics. She works with these two sales options simultaneously and it's going very well. She was able to buy a display case, stock it and organize a commercial area in her own home where she exhibits the jewelry that she buys on credit in downtown Barranquilla, along with other products from the catalogs that she wants to show her customers.

Margarita earns important income from this business that helps her to manage her household, which consists of her partner and their 3 children ages 4 to 23. She dreams of seeing them organized and successful in the future. Her long-term goal is to increase her business, improve the infrastructure with display cases and to diversify the merchandise she offers including fashionable and affordable handbags.

The Kiva loan is her first from Fundacion Mario Santo Domingo. With it she will buy merchandise that is on sale in her catalogs because she knows the tastes and needs of her customers and she will sell these products to them at good prices, meeting their requests. Her biggest challenge is selecting customers that buy on credit, because she has to be very careful with new customers so that she doesn't lose her capital. She hopes to gradually increase her business capital with this loan and with a lot of discipline in her work.
View original language description ↓
Margarita tiene su propio negocio, en el barrio Bonanza del municipio de Soledad, a través del cual vende a crédito y de contado, productos de bisutería y mercancía variada como cosméticos, perfumes, accesorios, que estén en promoción mediante guías especializadas, o que hayan sido encargado por sus clientes. Esta Actividad la desarrolla desde hace 8 años cuando una amiga la incorporó primero a una revista especializada de venta de ropas y posteriormente accedió ella misma a otro catalogo para comercializar con cosméticos; con estas 2 opciones comerciales trabaja simultáneamente y como le ha ido muy bien. Logró comprar una vitrina, la surtió y organizó un punto comercial en su propia casa, donde exhibe la bisutería que compra a crédito en el centro de la ciudad de Barranquilla y algunos otros productos de su revista que desea mostrar a sus clientes. Margarita genera ingresos importantes con este negocio y con él apoya la gestión de su hogar conformada por su cónyuge y sus 3 hijos en las edades de 4 a 23 años, con los que sueña verlos organizados en el futuro y muy exitosos. Su meta más adelante es ampliar su negocio mejorar su infraestructura con exhibidores y diversificar su oferta de mercancía incluyéndole bolsos a la moda y de buena calidad. Su credikiva es el primer financiamiento que recibe de la Fundación Mario Santo Domingo, con el comprará mercancía que viene en la promoción de sus revistas, porque ella conoce muy bien los gustos y necesidades de sus clientes y a ellos venderá estos productos ofreciéndoles muy buenos precios, dando así respuestas a sus requerimientos. Su mayor desafío es la selección de la clientela que le compra a crédito , porque debe ser muy cuidadosa principalmente con los nuevos clientes, para no perder su poco capital de trabajo, el que planea aumentar gradualmente iniciando con este financiamiento y con mucha disciplina de trabajo.

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
  • 509
    View loans »
    Colombia Loans Fundraising
  • $14,632,075
    Funds lent in using Kiva
  • 1,825.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Margarita Maria to buy merchandise that is on sale in her catalogs.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2011
Listed
May 27, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012