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Rosa Del Carmen
Rosa started working independently selling fabric, shoes and bags as she has always liked working independently and managing her own money. Her customers were her neighbors and her closest friends who have gradually recommended her to a lot more people. As a result, she has managed to achieve a slight increase in new customers. Her business assets are represented more than anything in her accounts receivable which have a turnover period of 14 days, and in her inventory. Although she has a good profit margin, she doesn't have enough working capital to respond to her customers' orders. This is why she is requesting a Kiva loan which is her first loan through Fundación Mario Santo Domingo. She will use it to buy a display cabinet, ladies' sweaters, jeans, men's shirts, bags, creams, earring cases, necklaces and dresses which her customer have ordered.

Rosa lives in the city of Cartagena with her husband. They have five children aged between 15 and 30. Although she started her business when she was 23 years old, Rosa put her business on hold during her most recent pregnancies and returned to work when her children had grown. Now her existing customers refer new customers to her and her customer base is growing notably.

Rosa's main goal is to strengthen her business. For this reason, she needs to have a display cabinet so that she can keep her merchandise more ordered and be able to better display the products that she sells. Her current challenge is a lack of working capital that she needs to supply her customers, to keep them happy and to keep their loyalty.
View original language description ↓
Rosa comenzó a trabajar independiente, vendiendo telas, zapatos y bolsos, pues a ella siempre le ha gustado ser independiente y manejar su propio dinero; su clientela la constituyen sus vecinas del barrio y las amistades más allegadas quienes gradualmente le recomiendan muchas otras, con las que ha logrado un ligero incremento de nuevos compradores. Los activos de su negocio están representados más que todo en cuentas por cobrar que rotan cada 14 días y en sus inventarios; aunque maneja una buena rentabilidad sobre los activos, no tiene un suficiente capital de trabajo para responder a los pedidos de su clientela, este es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará una vitrina, suéteres para damas, jeans, camisas de hombre, bolsos, cremas, estuches de aretes, collares y vestidos, encargados por los clientes.
Rosa vive en la ciudad de Cartagena con su cónyuge y tiene 5 hijos en las edades de 15 a 30 años. Aunque desde hace 23 años inició su negocio, ella suspendió su actividad con sus últimos embarazos, regresando a ella cuando sus hijos crecieron; ahora su clientela es referida por ellos mismos y está en un notable crecimiento. Su principal meta es el fortalecimiento de su negocio, por eso necesita tener una vitrina exhibidora, para mantenerlo más ordenado y poder mostrar de manera precisa los productos que vende; su actual desafío es el insuficiente capital de trabajo, para abastecer a su clientela y tenerla siempre satisfecha y lograr su fidelidad.


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
  • 486
    View loans »
    Colombia Loans Fundraising
  • $15,259,900
    Funds lent in using Kiva
  • 1,760.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Rosa Del Carmen to buy a display cabinet, ladies' sweaters, jeans, men's shirts, bags, creams, earring cases, necklaces and dresses that her customers have ordered.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2011
Listed
Jul 15, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012