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Maria Del Carmen
Maria is a 53 year-old woman who lives in San Jacinto, a town in Bolívar municipality which is noted for the handicrafts that the local women make, especially the vertical looms with which they make their hammocks and backpacks.

Maria has five children aged between 11 and 36. Her three youngest are in school and her two eldest work independently. Maria is the owner of a store where she sells food products. She has a very small working capital with which to stock the store. This is why she is taking out a Kiva loan, which is her second loan through Fundación Mario Santo Domingo. She will use it to stock her business, buying food products in larger volumes, with the possibility of obtaining discounts which will add to her business profits.

Maria started out in this business to make money for her household and she has been supported by Fundación Mario Santo Domingo for three years. She joined through the community bank system. Maria has worked in several businesses and she adapts to her customers needs. She also used to sell meat which is where she got the freezer that she now has.

Maria's goal is to achieve a new position [in the market] since she had lost it but, through her loans, she is getting it back again. Her dream for the future is to expand her business so that she has the opportunity to support her children with their higher education. While she works to achieve her goals, Maria continues working hard to increase her sales profitability which is at no less than 11%.
View original language description ↓
Maria de 53 Años es una mujer que vive en San Jacinto, población del municipio de Bolívar, caracterizada por las artesanías que fabrican sus mujeres especialmente los tejidos verticales con los que elaboran sus hamacas y mochilas. Maria tiene 5 hijos en las edades de 11 a 36 años, los tres últimos estudian y los dos mayores son trabajadores independientes. Ella es la propietaria de una tienda donde vende víveres y maneja un capital de trabajo muy pequeño para surtirla. Esta es la razón por la cual acude a su credikiva, que es el segundo financiamiento que hace a la Fundación Mario Santo Domingo con el cual surtirá su negocio, comprando víveres en mayor volumen y con la posibilidad de obtener descuentos que agregarán mayor ingreso a su negocio.
Maria Inició este negocio para genera recursos en beneficio de su hogar y desde hace tres años ha sido apoyada por la Fundación, cuando ingresó mediante la metodología de grupos solidarios. Maria se ha dedicado a varios negocios y se adapta a los requerimientos de la clientela, alguna vez también se dedicó a la venta de carnes y de allí le quedó el congelador con el que ahora cuenta. Su meta es lograr un nuevo posicionamiento porque lo había perdido, y con sus financiamientos lo está recuperando, Su sueño más adelante es ampliar su negocio, para tener la oportunidad de apoyar a sus hijos en la educación superior. Mientras le aporta su trabajo al logro de sus metas, Maria continua esforzándose por aumentar la rentabilidad sobre las ventas, que se encuentra en un porcentaje no menor del 11%

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
  • 160
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,778.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Maria Del Carmen to stock her business, buying food products in larger volumes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2011
Listed
Jul 8, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012