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Elsa Maria
Elsa, aged 52, lives in the El Socorro neighborhood in the city of Cartagena. She lives with her two children, aged 9 and 13, for whom she dreams of building a promising future. In this atmosphere of beach, breeze, and sea. Elsa has a business that she began 6 years ago. It is a miscellaneous business that sells household products, women's accessories, clothing, plastic items, perfumes, stationery and cosmetics. The business takes credit and cash from customers located around the neighborhood; among them are housewives, young people, employees and students.

Elsa has been linked to the Fundación Mario Santo Domingo for 2 years during which she has received 2 rounds of funding. With this, she has managed to increase her working capital and supply her business. Her goal is to achieve greater growth, which is why she is coming for a Kiva loan with which to buy handbags, accessories and clothing to supply her business and meet the requirements of her customers profitably. While working persistently to achieve her dreams, she continues to strive to achieve payment of accounts receivable in less than 30 days.
View original language description ↓
Elsa de 52 años de edad vive en el barrio El Socorro de la ciudad de Cartagena, con sus dos hijos en las edades de 9 y 13 años, para quienes sueña construir un futuro prometedor. En este ambiente de playa, brisa y mar, Elsa tiene un negocio de miscelánea que inició hace 6 años, donde vende productos para el hogar, accesorios femeninos, ropa, artículos plásticos, perfumería, papelería y cosméticos, mediante el sistema de crédito y de contado, a clientes ubicados alrededor de su barrio, entre los que se encuentran amas de casa, jóvenes, empleados y estudiantes. Elsa está vinculada a la Fundación Mario Santo Domingo desde hace 2 años, en los cuales ha recibido 2 financiamientos, con los que ha logrado incrementar su capital de trabajo y surtir su negocio. Su meta es lograr mayor crecimiento, por eso acude a un credikiva con el cual comprará bolsos, accesorios y ropa, para surtir su negocio y responder a los requerimientos de su clientela rentable. Mientras trabaja persistentemente para lograr sus sueños, continua esmerándose por conseguir una recuperación de sus cuentas por cobrar inferior a 30 días.

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
  • 504
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,787.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Elsa Maria to buy handbags, accessories and clothing to stock up her business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2011
Listed
Jun 28, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012