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Solangel
Solangel lives with her daughter, aged 24, in the capital of Colombia, Bogota. She works with young special-needs children, teaching manual skills, and selling articles made of ecological paper, and taking into account the requests of their mothers, finally, she produces cold snacks and generates other income from selling cosmetic products, accessories, and other merchandise from special catalogs.

Solangel has received loans through the Fundacion Mario Santo Domingo for some 7 years. Through this organization, she has been able to increase her working capital, learn to evaluate commercial opportunities, and to make the most opportune decisions. Her dream for the future is to have her own stand and organize a web page, offering her services virtually, and to make known her artisan products in a massive medium like the internet.

With this Kiva loan, which is her 6th, she will buy primary materials to fulfill her orders for decorated towels and for cards generally, and to buy cold snacks like soft drinks, and supplies for preparing snacks like sausages, popcorn, green plantains, etc.

Solangel's biggest challenge is the fluctuation of prices and her customers' diminishing buying power. That's why she has to remain attentive to the prices she charges and, above all, to seek out providers who offer special prices for volume purchases, to be able to diminish costs of production, and sell her products at prices her customers can afford.
View original language description ↓
Solangel vive con su hija de 24 años en la capital de Colombia, Bogotá y desde allí trabaja con jóvenes especiales en el aprendizaje de manualidades, la venta de artículos en papel ecológico y teniendo en cuenta las solicitudes de las madres de estos, últimamente introdujo refrigerios, además de generar otros ingresos por la venta de productos cosméticos, accesorios y otras mercancías, mediante guías especializadas. Solangel está vinculada a la Fundación Mario Santo Domingo desde hace 7 años, a través de financiamientos; de la mano de esta organización ha logrado aumentar su capital de trabajo, aprender a evaluar las oportunidades comerciales para tomar las mejores y oportunas decisiones; su sueño más adelante es tener un local y organizar su página web, para hacer su oferta de servicios virtual y dar a conocer sus productos artesanales, por un medio masivo como el internet. Con su credikiva que es su sexto financiamiento comprará materías primas, porque tiene encargos de batolas en tela de toallas y de tarjetería en general, igualmente invertirá en refrigerios como gaseosas ye insumos para la preparación de refrigerios como embutidos, crispetas, plátano verde etc. Su mayor desafío es la fluctuación de precios que se le presenta y la disminución del poder adquisitivo de sus clientes, razón por la cual debe estar atenta a la oferta que hace y sobre todo buscando proveedores que le ofrezcan precios especiales por volumen de compra, para poder disminuir el costo de producción y vender sus productos a precios que los clientes puedan comprar.



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
  • 1,825.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Solangel to buy primary materials to use fulfilling orders for designs on towel cloth and other items, and to invest in cold snacks like soft drinks and supplies for preparing snacks like sausages, popcorn, and green plantain to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2011
Listed
Jun 5, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012