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Francia
Francia is a 33 year-old woman who lives in the town of San Jacinto, in Bolívar department, with her husband and her 13 year-old son who is in school. Francia's business is making handicrafts. She has been doing this for three years. She previously used to sell her products to order only but she trained with SENA (a national apprenticeship service) in order to perfect her trade and made connections with a number of customers and a lady who provides her with merchandise and who advised her to set up her own store in her area. Francia is very excited about all this as her dream is to grow her business until she has a well-positioned sales location where her husband can work with her.

This Kiva loan is Francia's first loan through Fundación Mario Santo Domingo and she will use it to buy supplies, two display cabinets to make the most of her location, and other handicrafts that she doesn't make herself, so that she can offer a wider range of products. This investment will be successful because her business is located in an easily accessible commercial area with a parking lot. Many people come to her business and they are impressed with the beauty of her products. While Francia realizes her dream, she continues maintaining a sales profitability of no less than 21% and a current ratio of 24.
View original language description ↓
Francia es una mujer de 33 años, que vive en el municipio de San Jacinto en el departamento de Bolívar, con su esposo y su hijo de 13 años el cual se encuentra estudiando. Francia tiene el negocio de elaborar artesanías desde hace tres años, anteriormente vendía solo por encargo, pero como se capacitó con el SENA para perfeccionar el oficio artesanal, tiene contacto con varios clientes y una tía que le presta mercancías y la ha asesorado para emprender su propio almacén donde ella vive y con esto está muy entusiasmada. Porque su sueño es crecer hasta lograr un punto comercial bien posicionado donde su esposo también pueda trabajar con ella. Su credikiva es el primer financiamiento que hace a la Fundación Mario Santo Domingo, con el comprará insumos, dos vitrinas para aprovechar el sitio y otras manualidades que ella no produce , ofreciendo así mayor diversidad.. Esta inversión tendrá éxito debido a que es una zona comercial de fácil acceso y con parqueadero, donde llegan muchos visitantes que son impactados por la belleza de sus productos. Mientras Francia cumple con su sueño, continua manejando una rentabilidad sobre las ventas no menor del 21%, una razón corriente de 24.



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
  • 292
    View loans »
    Colombia Loans Fundraising
  • $13,948,100
    Funds lent in using Kiva
  • 1,745.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Francia to buy supplies, two display cabinets and other handicrafts.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2011
Listed
Jul 23, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012