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Yolima
Yolima is 35 years old and he is the owner of a store called "Cosas y Cositas Jehova Yiret". From this business she sells articles of clothing, shoes, and accessories for both men and women. She has 3 years' experience and she has been the owner for the past year. Yoliva started her business as a great opportunity. She started out as an employee, working for the first two years. When Yolima took over the reins, managing the business, the owner was motivated to sell her the business when she was going to relocate. And she bought it by making payments. She makes her purchases in the cities of Bucaramanga and Medellin. Her business operates with a steady client base, passers-by, and especially with the population in the sector. Her plan is to develop a new sales strategy. The plan consists of giving buyers the opportunity to lay way the product they wish to buy with an initial payment. The person can make payments until the full price is met and at that time they receive their product. Yolima wants to expand her business and she wants to invest to improve the selection and to supply it to meet the emerging needs of her clientele. For this reason she requests a Kiva loan. It is the first loan she accesses through Fundacion Mario Santo Domingo (Kiva Field Partner). She will purchase articles of clothing, shoes, and ladies' accessories. Financially speaking, this burins enjoys steady sales which are generally completed in cash. The current assets represent cash and credit sales. Credit sales are cancelled quickly and her inventory is also sold quickly which speaks to sound business management. Her profit levels demonstrate a good level of solvency. Her goal for the future is to have a store of her own, well stocked with whatever the target market requires. it is important for her to have profitability to be able to respond to her obligations, and it is what she is enjoying at this time.
View original language description ↓
Yolima de 35 años es la propietaria de “Cosas y cositas Jehová Yirét”, negocio donde vende prendas de vestir, zapatos y accesorios en la línea masculina y femenina, ella tien una experiencia de con 3 y como propietaria del negocio tiene un año. Yolima inició su negocio como una gran oportunidad, pues trabajó primero como empleada en él, durante dos años, y su propietaria una vez Yolima tomó las riendas de su manejo le propuso vendérselo por motivos de viaje y mediante cuotas lo fue pagando. Sus compras las hace en las ciudades de Bucaramanga y Medellín desde donde las recibe; su negocio funciona con una clientela fija y ocasional y especialmente personas del sector, por lo cual está planeando desarrollar una nueva estrategia de ventas, mediante el plan separe, que consiste en lograr que cada persona pueda con una cuota inicial separar el producto que va a comprar e irlo pagando hasta que termine, momento en el cual lo recibe. Yolima quiere hacer crecer su negocio y requiere invertir para mejorar el surtido y adecuarlo a las nuevas necesidades de su clientela. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará prendas de vestir, calzado y accesorios femeninos. Financieramente este negocio presenta estabilidad en sus ventas, pues son generalmente de contado, por ello sus activos corrientes están representados en efectivo y cuentas por cobrar; así como también sus cuentas por cobrar rotan rápidamente, lo mismo que sus inventarios, presentando buen manejo de su cartera y sus niveles de rentabilidad demuestran buen nivel de solvencia. Su meta más adelante es tener un local propio, surtido con lo que necesita su mercado objetivo, y es importante resultar que posee liquidez para responder a sus obligaciones y esto es lo que está aprovechando en este momento.

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
  • 513
    View loans »
    Colombia Loans Fundraising
  • $14,939,400
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Yolima to purchase articles of clothing, shoes, and accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2011
Listed
Aug 5, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012