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Georgina
Georgina owns the store “El Baraton” located in the parish of Juan Mina. With her business, she has managed to get her family ahead. This is also with the help of her husband, who for many years was employed at various stores, but always with the intention of one day having his own. He achieved it after uniting with Georgina, when his desire for independence increased. Four years ago they used their savings to acquire a small store in the municipality of Galapa, which went well for them. However, since their plans were to achieve a bigger sales point, they moved to the parish of Juan Mina, where they acquired the store that they have today. They bought the house on credit, agreeing to a term of 5 years to make the complete payment. To date, they only owe the last two years. The financial state of the store shows the profit margin that allows them to easily cover their costs and expenses, which allows them to permanently reinvest in their business. Her inventory is adequate for this type of business and since she manages her cash flow with caution, her product turnover runs smoothly. Her profit margin allows her to have a good capacity to pay. The micro-entrepreneur is requesting her first loan, which she wants in general, and also to take advantage of the trainings and support that the Mario Santo Domingo Foundation provides.
View original language description ↓
La señora Georgina es propietaria de la tienda "El Baraton" ubicada en el corregimiento de Juan Mina. Con su negocio que ha logrado sacar adelante a su familia con la ayuda de su esposo, quien durante muchos años fue empleado de varias tiendas, pero siempre con la intención de tener algún dia el suyo propio y lo logró despues de unirse con la señora Georgina, cuando incrementó el deseo de independencia y hace 4 años adquirieron con sus ahorros una pequeña tienda en el municipio de Galapa, en la cual les fue muy bien, pero como sus planes eran lograr un punto de mayor venta, trasladandose se trasladaron al corregimiento de Juan Mina donde adquierieron la tienda que hoy tienen, compraron la vivienda a crédito pactando un plazo de 5 años para su cancelación total y hasta la fecha solo adeudan los 2 ultimos años. Los estados financieros de su tienda muestran un margen de utilidad que le permite cubrir todos sus costos y gastos en forma amplia lo que le permite estar reinvirtiendo en el negocio en forma permanente. Sus inventarios son adecuados para este tipo de negocio y su cartera la maneja con mucha precaución, por eso rota en forma ágil; Su margen de rentabilidad le permite tener una buena capacidad de pago. La microempresaria está aplicando a su primer credikiva con el cual desea en general y tambiem aprovechar las capacitaciones y asesorias que otorga la Fundación Mario Santo Domingo.

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
  • 298
    View loans »
    Colombia Loans Fundraising
  • $13,859,000
    Funds lent in using Kiva
  • 1,781.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Georgina to buy in greater bulk and of a certain variety, including food stuffs.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2011
Listed
Jun 29, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012