Check out some available loans that are similar to this one!
Maria Estella
Maria lives in Soledad City with her husband and three children ages 3 to 20. She hopes her children are prosperous and develop as good people, good family members and good examples for their children. Maria has a business called “Miscellaneous MEB”. She sells flip-flops, sandals, paper products and general accessories. She began this business in order to earn an income for her family and improve their quality of life. Maria began this business with a little working capital, which she used to buy a small amount of merchandise that she sold on short-term credit to her family members, friends and people she knows. Gradually, as she grew her business, she had savings that she used to buy showcases and a shop location in a commercial center. This has worked out well as she is able to offer her customers more products. Each season provides the opportunity to offer merchandise pertaining to that season, such as products for Carnival, Christmas, New Years, Halloween, Mother’s Day or Father’s Day. Father’s Day is approaching and she is preparing merchandise for this season. This justifies her request for a loan from credikiva, which is her first loan from the Mario Santo Domingo Foundation. She will use this loan to buy masculine type merchandise such as colognes, clothes and shoes in order to meet the demand for this family celebration. Maria would like to expand her business. She would move to a larger place in the same area. This location is where she has her customer base.
View original language description ↓
María vive en el Municipio de Soledad con su esposo y sus tres hijos en las edades de 3 a 20 años, con los que sueña ver prósperos y progresando como persona, miembro de familia y sean ejemplo para sus hijos. Ella tiene un negocio llamado “Miscelánea MEB” donde vende chancletas, sandalias, productos de papelería y accesorios en general. Este negocio fue impulsado por su deseo de apoyar la generación de ingreso familiar y con ellos lograr mejores condiciones de vida a su familia. María inició su negocio con un pequeño capital de trabajo que invertía en unas pocas mercancías que vendía a crédito en cortos plazos entre sus familiares, amigos y conocidos. Gradualmente cuando fue creciendo logró ahorros para comprar sus vitrinas y ubicar en un local un punto comercial, que le ha dado buenos resultados, especialmente porque ella le agrega valor a todo lo relacionado con la oferta que hace a los clientes. Para Maria cada época es una oportunidad para exhibir en su negocio mercancías alusivas a la temporada, así lo hace si es carnaval, navidad, año nuevo, Halloween, día de las madres, o día del padre, que es la temporada que se acerca y ya está preparándose con su mercancía para esa época. Este es justamente la justificación de su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo con el cual comprará mercancía en la línea masculina como perfumes, ropa, calzado, para responder la demanda que se avecina por motivo de esta celebración de carácter familiar. El sueño de Maria es ampliar su negocio y adquirir el local donde en la actualidad funciona, pues allí tiene su mercado y está posicionada.



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
  • 227
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,825.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Maria Estella to buy "male themed" merchandise such as colognes, shoes and clothes.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2011
Listed
Jun 4, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012