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Sol Marina
Sol is a 54 year old woman who lives in the citadel of "20 de Julio" in the city's south end. She is married with a merchant and she has 3 children, aged 24 to 27. They are all employed by private companies. This community is charming with much work and solidarity among its inhabitants. Sol is a merchant of a variety of merchandise, such as clothing, shoes, and cosmetics in general. She sells her merchandise primarily on credit and she focuses herself on her clients' orders, although she also works through catalogues of specialized products. She strives to be attentive and doting to her existing client base and to always respond to their requests, which is the reason why she is referred new clients, daily. Her Kiva loan is the second loan which she accesses through Fundacion Mario Santo Domingo (Kiva Field Partner). With it she will purchase cosmetics products, shoes, and clothing which are on sale through the catalogue which she manages. A large order has been placed and this is exactly the reason why her investment will be a success. She is able to rotate her merchandise quickly among the clients that make their payments on time. When she started out her business in the year 2000, she profited from a very important experience she earned in the field in 1986. It has helped her greatly in her current business. She has allowed her to easily negotiate with the best merchandise providers and to earn a client base and to keep them happy. With the previous loan she observed an increase in her clientele, especially because she had additional capital funds. Her dream is to achieve sustainability for her business, to leave her family with a prosperous inheritance and a good example. Her greatest challenge is having to work with a small capital funds with which to respond quickly to new clients, who increase every day. While Sol builds her dream, she strives to maintain a profit margin of no less than %26 and she works every day to improve it.
View original language description ↓
Sol es una mujer de 54 años de edad que vive en la Ciudadela 20 de Julio al sur de la ciudad, ella es casada con un comerciante y tiene 3 hijos en las edades de 24 a 27 años que están empleados en empresas; desde esta comunidad llena de muchos encanto, trabajo y solidaridad entre sus habitantes, Sol se dedica a la comercialización de mercancía variada, como ropa, calzado y cosméticos en general. Vende su mercancía principalmente a crédito y está enfocada en lo que la gente le encargue, pero también trabaja mediante guías especializadas de productos, porque tiene una clientela que ella misma se esmera en cuidarla y consentirla , respondiendo siempre a sus pedidos , así mismo cada día le refieren a nuevos compradores; su credikiva es el segundo financiamiento que hace a la Fundación Mario Santo Domingo, con él comprará productos cosméticos de oferta del catálogo que maneja, calzado y ropa sobre un pedido que le han hecho y esto es justamente lo que hace que su inversión sea exitosa, porque de esta manera su mercancía rota rápidamente entre los clientes que pagan puntualmente. Cuando en el año 2000 inició su negocio, lo hizo después de un experiencia muy importante en el mercado en el año 1986, la cual le sirvió mucho en la temporada actual; esta es la razón por la cual se le ha facilitado negociar con los mejores proveedores de mercancías, conseguir clientes y sostenerlos satisfechos; Con el anterior financiamiento ha visto su progreso en el aumento de su clientela, pues contó con un capital de trabajo adicional. Su sueño es lograr la sostenibilidad de su negocio para dejar a su familia una herencia de prosperidad y buen ejemplo, su mayor desafío es tener un capital de trabajo disponible para responder prontamente a los nuevos clientes, que cada día son más. Mientras Sol construye su sueño, se esfuerza por mantener una rentabilidad no menor del 26% y trabaja todos los días en su incremento.




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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,780.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Sol Marina to purchase cosmetics which are on sale, clothing and shoes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 8, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012