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Nancy Lorena
Nancy has a business selling merchandise in Almirante Colón neighborhood, in the city of Cartagena. There she sells household products and also clothes and cosmetics. Her current assets are represented in her stock which has a turnover period of 11 days. As she recovers her accounts receivable slowly, she is not able to meet her orders. This means that, although she maintains a good profitability, she does not have enough working capital to meet the needs and interests of her growing customer base. For this reason, she is requesting a Kiva loan which will be her first loan through Fundación Mario Santo Domingo. She will use it to buy clothes and household products in larger quantities so that she can not only respond to orders from her potential buyers but also obtain good discounts which will allow her to sell at competitive prices.

Nancy lives with her family: her husband and her two children, aged 10 and 18, who are studying and for whom she has many goals. She would like them to become professionals but mainly she would like them to become honest and upstanding citizens. For this reason, when she started her business five years ago, she did it with the goal of supporting her family's growth and development. At first she sold merchandise door to door, especially cosmetics and costume jewelry. She gradually added other items based on what her customers requested.

Through her business, Nancy has managed to be independent and manage her own income. For this reason, her dream is to continue growing as a businesswoman and as a person until she manages to make stable income and own a store which is well positioned.
View original language description ↓
Nancy tiene un negocio de venta de mercancías en el barrio Almirante Colón de la ciudad de Cartagena; allí comercializa con productos para el hogar y también ropa y cosméticos. Sus activos corrientes están representados en su inventario, el que rota cada 11 días y en sus cuentas por cobrar que al recuperarlas lentamente no alcanzan a responder a sus pedido; por eso aunque maneja una buena rentabilidad, su capital de trabajo no es suficiente para solucionar las necesidades e intereses de su creciente clientela; esta es la razón por la cual acude a su credikiva, que es el primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará ropa y artículos para el hogar en mayor volumen, para lograr no solo responder a pedidos de sus posibles compradores, sino también para obtener buenos descuentos e impactarlos con precios competitivos.
Nancy vive con su familia conformada por su cónyuge y sus 4 hijos en las edades de 10 a 18 años, que estudian y con los que tiene muchas metas, como las de lograr que lleguen a ser profesionales, pero principalmente que sean ciudadanos de bien. Por eso cuando hace 5 años inició su negocio, lo hizo con el propósito de apoyar el crecimiento y desarrollo de su familia, en un principio vendía mercancía puerta a puerta especialmente cosméticos y artículos de bisutería y gradualmente ha ido agregando otros artículos, basados en solicitudes que hacen sus clientes. Con su negocio ha logrado ser independiente y manejar sus propios ingresos, por eso su sueño es continuar creciendo día a día como empresaria y como persona hasta lograr tener ingresos estables y un almacén bien posicionado,

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
  • 469
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    Funds lent in using Kiva
  • 1,760.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Nancy Lorena to buy clothes and household products in larger quantities.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2011
Listed
Jul 15, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012