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Yosep
Yosep lives with her husband and two children, who are 8 years and four months old, in the Simon Bolivar neighborhood in the city of Barranquilla, a happy community with family, business, financial, and formal and informal commercial zones. It is also the site of the famous Carnival del Sur, which takes place in the main streets with dances and traditional Carnival costumes. In this Caribbean atmosphere and warm climate, Yosep has a business of selling a variety of merchandise, such as clothes, shoes, and bedspreads. She learned this business from her mother, who taught her by example to sell clothes that she made herself. Yosep saw that through this business, she and all of her siblings were able to help their family succeed, but when Yosep was 10 years old, she decided to learn a trade. She thought that the work was like slavery, and she decided to use her experience in business to start selling a variety of merchandise through credit to customers who were also her neighbors, acquaintances, and workers who always ordered items they needed. Her dream and main goals are to have her own home and for her children to reach a professional level that will guarantee them higher levels of success. This is the first loan she has received through Kiva partner Fundación Mario Santo Domingo. She will use it to purchase clothes, shoes, and cosmetics wholesale, which will be a successful investment because she will pay with cash and get discounts that she will be able to pass on through the prices on her merchandise so she can continue to position herself in the market.
View original language description ↓
Yosep vive con su cónyuge y sus dos hijos en las edades de 8 años y 4 meses en el barrio Simón Bolívar de la ciudad de Barranquilla, una comunidad muy alegre que integra espacios familiares, empresariales, zonas bancarias, comercio formal e informal y también es escenario del famoso Carnaval del sur, que congrega en sus calles principales comparsas, danzas y los tradicionales disfraces del Carnaval de la ciudad. En este ambiente caribe de clima cálido, Yosep tiene un negocio a través del cual se dedica a la venta de mercancía variada, como ropa, calzado cubrelechos, oficio aprendido de su madre quien con el ejemplo le enseño a comercializar la ropa que ella misma confeccionaba y vio como con esta actividad aprendida por ella y todos sus hermanos logró sacar a su familia adelante; pero cuando Yosep hace 10 años, decidió emprender un negocio, pensó que era muy esclavizante y se decidió por el comercio aprovechando parte de esta experiencia enfocada en la venta de mercancía variada, mediante el sistema de crédito, a sus clientes en los cuales están sus vecinos, familiares, empleados que permanentemente le encargan productos que necesitan. Su sueño y gran desafío es tener una casa propia y lograr llevar a sus hijos a un nivel profesional que le garantice mayores posibilidades de éxito. Este es el primer financiamiento que ella hace a la Fundación Mario Santo Domingo, con el comprara ropa, calzado, cosméticos en mayor cantidad que le augura una inversión exitosa porque comprará de contado y obtendrá descuentos que trasladará a los precios de sus productos, para continuar posicionandose en el mercado.

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
  • 176
    View loans »
    Colombia Loans Fundraising
  • $13,090,925
    Funds lent in using Kiva
  • 1,775.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Yosep to purchase clothes, shoes, and cosmetics wholesale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2011
Listed
Jun 18, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 18, 2012