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Lilibeth
Lilibeth is 29 years old and she sells clothing, skin products, and natural medicines. She has her business in her own home, where she lives with her husband and their 6-year old son. She started out her business 10 years ago, having learned from her mother. At that time she had her business in Sincelejo, capital city of the department of Sucre, located in the north east of the country, on the Columbian coast to the Caribbean. It was a location to where she traveled frequently. Lilibeth started out under her mother's encouragement and by applying her experience in the city of Barranquilla. She started her market strategy and she started out the business which she still has and it represents an important source of income with which she is able to help her husband with the support of the household. Lilibeth has added new lines of products, such as ladies' clothing and it has done very well with her clients. But her working capital is still not enough to respond in a timely manner to her buyers. She applies for a first time Kiva loan through Fundacion Mario Santo Domingo (Kiva Field Partner). With it she will purchase jeans, sweaters, and sandals in larger volumes in order to qualify for volume and cash discounts.
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Lilibeth de 29 años de edad vende ropa productos capilares y medicina natural, en su negocio ubicado en su propia casa donde vive con su esposo y su hijo de 6 años de edad. Ella inició su negocio hace 10 años pues lo aprendió de su madre que en ese momento tenía su actividad mercantilista, que ofrecía en Sincelejo, capital del departamento de Sucre, ubicada al noroeste del país, en la Costa Caribe Colombiana, lugar donde viajaba con gran frecuencia. Así fue como Lilibeth entusiasmada por su madre aplicó esta experiencia en la ciudad de barranquilla y allí comenzó su estrategia de mercado, e inició su negocio con el que actualmente cuenta para para lograr un importante ingreso y apoya a su cónyuge en el hogar. Lilibeth hoy ha agregado nuevas líneas de productos, como ropa femenina y le ha ido muy bien con sus clientes, pero su capital de trabajo aun no es suficiente para responder oportunamente a sus compradores. En la actualidad está aplicando a su primer financiamiento a la Fundación Mario Santo Domingo mediante un credikiva, pues con él comprará jeans, suéteres y sandalias en mayor volumen y ganaría descuentos por hacerla de contado y en mayor cantidad.

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
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,762.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Lilibeth to purchase jeans, sweaters, and sandals in larger quantities.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2011
Listed
Aug 2, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012