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Marve Luz
Marve Luz is an enterprising woman who lives in the town of Baranoa with her husband and their two young daughters. There she has a business selling jewelry made of crystal and silver. In addition, Marve sells lingerie. Her primary customer base is composed of local teachers to whom she offers financing and monthly installment plans. She asks for a down payment of 20%. Marve has five years of experience and started this commercial venture as a way to help manage her household. Her husband is self-employed and assumes responsibility for all of the expenses. Marve earns additional income working for the Colombian Institute of Social Welfare in the “Community Mothers” Program that was started by groups of women in the 1970s. This initiative was started in order to look after children living in crowded neighborhoods by seeking child support from their absent fathers and mothers who have left to find work. The Colombian Institute of Family Welfare (ICBF) took advantage of this initiative and started its own program with the strategy of providing low-cost child care to the poorest families. Caretakers who look after these children in their own homes receive grant money for their work.

Marve Luz enjoys her job and has two young daughters who she dreams of seeing become successful professionals. They serve as her motivation, so she is committed to growing her business in order to see her dream come true. Her customer base has grown tremendously as a result of the loans she has received from Fundación Mario Santo Domingo. This Kiva loan is her third instance of financing with the organization. She will use the money to buy new designs of silver accessories that are in style and have been ordered. In her business, Marve Luz is able to maintain a profitability rate of no less than 35% and an inventory turnover period of no more than 60 days so that she can recoup her investment. Her Kiva loan will help her continue growing because her operating capital at the moment is insufficient in helping her respond to new customers.
View original language description ↓
Marve Luz es una mujer muy emprendedora que vive en el municipio de Baranoa con su esposo y sus dos hijas menores de edad, allí se dedica a la venta de Prendas de productos de murano y de plata, así como a la lencería; su principal M. lo constituyen los docentes del municipio a quienes ofrece –financiamientos con pagos mensuales. Ella pide una cuotas inicial correspondiente al 20%, tiene 5 años de experiencia e inició su alternativa mercantil con el fin de apoyar la gestión de hogar-, pues su esposo como trabajador independiente tenía todo el gasto a su cargo; también Marve Luz genera otros ingresos adicionales a través del Instituto Colombiano de Bienestar social en su programa de “madrés comunitarias” iniciativa de grupos de mujeres que a finales de la década de 1970, empezaron a atender a niños y niñas de barrios populares buscando compensar la ausencia obligada de los padres y las madres, que salían a trabajar y que el Instituto Colombiano de Bienestar Familiar (ICBF) aprovechara para organizar el programa como estrategia para ampliar la atención a los menores de las familias más pobres, a bajo costo y en contraprestación reciben una “beca” en dinero, por su labor de cuidado, realizada en su propia casa. Marve Luz le gusta su trabajo y tiene 2 hijos con los que tiene grandes propósitos, ellos son su motor y está empeñada en hacer crecer su negocio con tal de lograr este reto. La clientela de Marve Luz ha crecido ampliamente con los créditos de la Fundación Mario Santo Domingo y su credikiva es el tercer financiamiento que hace a esta organización para comprar nuevas diseños de accesorios de plata que están muy de moda y tiene encargados. Marve Luz trabaja en su negocio conservando una rentabilidad no menor del 35% y una rotación de cartera en un plazo no mayor de 60 días y así mismo recupera su inversión. Con su credikiva trabajará para que su capital de trabajo continúe creciendo porque es insuficiente para responderles a sus nuevos clientes.

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
  • 273
    View loans »
    Colombia Loans Fundraising
  • $13,623,825
    Funds lent in using Kiva
  • 1,762.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Marve Luz to purchase silver accessories in the latest designs.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2011
Listed
Aug 4, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013