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Elizabeth
Elizabeth started her business experience with a notebook where she registered her orders for merchandise. She would pay for it upfront and sell to a few customers on credit so they could pay her easily. She sold towels, sheets, ornaments, and cosmetics. Later, in a locale in the center of Barranquilla, she decided she would sell only the cosmetic line. This didn't meet her expectations, so finally she went to a wholesale dealer of household appliances and they decided to sell both things in the same locale. Elizabeth sells the small appliances and he, the wholesaler, sells the large appliances with a sublet because she pays for the space. Her Kiva loan is the third loan Elizabeth has had with the Fundación Mario Santo Domingo. With it, she will buy irons, blenders, and cell pones as well as USB memory sticks. She wants to take advantage of the high demand these items have had and the easy turnover. With her previous loans from this organization, she has been able to increase her working capital and more than anything serve her customers. That is why she is grateful to the Foundation for its financial support. With it, she has been able to supply her business with a variety of items. Her dream and great challenge is to have alternate points of sales in other commercial centers so she can increase her income and continue with her spouse, plannig their family growth. While this is happening, Elizabeth is working persistently on her business, able to support herself in the market with sales profits of no less than 21%, which she plans on increasing gradually.
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Elizabeth inició su expereincia de negocio apoyada en un cuaderno donde registraba pedidos de mercancías, que compraba de contado para vender a pocos clientes a crédito, para que estos pudieran pagarle cómodamente en cuotas; así vendía toallas, sabanas, adornos y cosméticos; luego en un local comercial ubicado en el centro de Barranquilla, definió que vendería sola la línea de cosméticos, pero esta no llenó sus expectativas, por eso acudió finalmente a un comerciante mayorista de electrodomésticos y decidieron trabajar en las dos líneas en el mismo local; así Elizabeth se dedica a la venta de electrodomésticos menores y él comerciante mayorista, a la venta de grandes electrodomésticos, mediante un sub arriendo que ella paga por el espacio. Su credikiva es el tercer financiamiento que hace Elizabeth a la Fundación Mario Santo Domingo, con el comprará planchas, licuadoras y equipos de telefonía celular y memorias USB, aprovechando la gran demanda que últimamente tienen estos artículos y la facil rotación. Con sus anteriores financiamientos a esta organización, ha logrado aumentar su capital de trabajo y sobre todo cumplirle a sus clientes, por eso agradece a la Fundación su apoyo financiero, con el que ha logrado surtir con diversidad de artículos el negocio. Su sueño y gran desafío es tener puntos de ventas alterno en otros centros comerciales, para lograr el aumento de sus ingresos y seguir con su cónyuge proyectando su crecimiento familiar. Mientras esto ocurre Elizabeth trabaja persistentemente en su negocio, logrando en la actualidad sostenerse en el mercado con una rentabilidad sobre las ventas no menor de un 21% que gradualmente planea aumentar.



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
  • 561
    View loans »
    Colombia Loans Fundraising
  • $14,902,200
    Funds lent in using Kiva
  • 1,820.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Elizabeth to buy irons, blenders, cell phones and USB memory sticks.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 5, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012