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Melida Terersa
Mélida lives in the municipality of San Jacinto, department of Bolívar, with her husband (who is self-employed) and their three children, who are between the ages of 10 and 16. She dreams that her children will become successful people and they are the principal motivation for the work she does every day. She works as an artisan, which was passed down through her family. She has been doing this work for 15 years and her income is important because it helps support her household.

Mélida has two businesses. On one side, she sells crafts that she makes herself. On the other, she sells beauty products and general merchandise. Her goal in the future is to have a storefront where she can exhibit her crafts, and she thinks about developing it into a specialized store for artisan crafts.

Mélida is a woman who has learned how to observe what the market needs and what she can do to respond to it in order to increase her earnings. This is why she also sells beauty products and small home appliances on request, and she sells them on credit. Mélida is taking out her first loan with Fundación Mario Santo Domingo because she needs to increase her working capital in order to respond opportunely to her customers. She plans to use her "credikiva" to buy cosmetics, microwave ovens, blenders, and other items that she has orders for or that move quickly among her best customers. She will make her money back quickly and it will be a successful investment.

Mélida puts in great effort in order to achieve her dream. She consistently makes a profit of at least 37% and with this Kiva loan, she projects that future profits will increase.
View original language description ↓
Mélida vive en el municipio de San Jacinto en el departamento de Bolívar, con su esposo trabajador independiente y sus 3 hijos en las edades de 10 a 16 años, con los que sueña se conviertan en unas personas exitosas y son ellos su principal motor en el ejercicio diario de su trabajo como artesana, heredado de su medio familiar y que se constituyen desde hace 15 años, en ingresos importantes con los que apoya la gestión de su hogar.
Mélida tiene dos negocios por un lado vende manualidades que ella misma fabrica y por otro comercializa productos de belleza y mercancía en general. Su meta más adelante es tener un punto comercial donde se exhiban sus manualidades, y hacerlo crecer hasta convertirlo en un almacén especializado de artesanías. Mélida es una mujer que ha aprendido a observar lo que necesita el mercado y lo que ella también puede ofrecer para responderle, aumentando sus ingresos, por eso también comercializa productos de belleza, electrodomésticos menores por encargo y los vende a crédito. Este es el primer financiamiento que Mélida hace a la Fundación Mario Santo Domingo, porque necesita aumentar su capital de trabajo, para responderle oportunamente a sus clientes y con su credikiva planea comprar cosméticos, hornos microondas, licuadoras, entre otros artículos que tiene encargados y que rotaran rápidamente entre sus mejores clientes, haciendo de esta una recuperación oportuna y una inversión exitosa. Mientras Mélida aporta su gran esfuerzo para alcanzar su sueño, continua con una rentabilidad sobre las ventas no menores del 37%, que con su credikiva actual y los futuros proyecta incrementar

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
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,782.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Melida Terersa to buy cosmetics, microwave ovens, blenders, and other items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 11, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012