Check out some available loans that are similar to this one!
Yeimi
25-year old Yeimi decided to earn enough money to pay for her studies through an enterprising and successful idea. She sells products from specialist catalogs such as cosmetics, lotions, women’s clothing and accessories. Her customers buy on credit, and if the items are satisfactory, she puts them on display and then sells them for cash. Her customers are neighbours, friends, relatives, and people who have been referred to her. Together they form a permanent customer base.

This is Yeimi’s first loan with Kiva partner Fundación Mario Santo Domingo. She will use the money to buy a display case as at the moment most of her products are housed in a suitcase. She also wishes to buy the clothing and accessories that have been ordered by her customers.

Yeimi’s dream is to have a fixed place for her business separate from where her family lives. Her biggest problem is the lack of capital to buy what her customers have asked for. This is why she is seeking a loan from Kiva.
View original language description ↓
Yeimi de 25 años es una joven que decidió generar ingresos para pagar sus estudios a través de una idea emprendedora con la que ha logrado obtenerlos mediante la disciplina y persistencia en esta actividad. Ella vende productos mediante guías especializadas de negocios como cosméticos lociones, ropa femenina y accesorios, que distribuye entre sus clientes a través de créditos y en su punto donde los exhibe en una vitrina y los comercializa de contado. Entre sus vecinos, amigos, familiares y referidos ha logrado un grupo de clientes fijos, que hoy forman parte de su registro de compradores permanentes. Su credikiva es el primer financiamiento que recibe de la Fundación Mario Santo Domingo con el cual comparará una vitrina, pues gran parte de su mercancía la tiene en una maleta y además invertirá en ropa y accesorios, productos encargados por sus clientes. Su sueño más adelante es tener un local donde funcione únicamente su negocio, separando así el espacio productivo del familiar. Su mayor desafío es el insuficiente capital de trabajo con el que cuenta para responder la demanda y este es justamente el motivo por el cual solicita su financiación mediante la línea de Kiva.

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
  • 305
    View loans »
    Colombia Loans Fundraising
  • $13,782,800
    Funds lent in using Kiva
  • 1,787.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Yeimi to buy a display case as well as the clothing and accessories ordered by her customers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2011
Listed
Jun 28, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012