Check out some available loans that are similar to this one!
Maria Eugenia
Maria is the owner of a variety business and a small store located in the neighborhood when she lives, in the city of Cartagena. She lives with her husband and their children, who are ages 3 to 9 years old. She started her business with seed capital awarded by the mayor's office. She put all of her energy into the business to make it grow and generate more income each day, to benefit her family. Initially, she sold few products. But with her discipline, she has re-invested her profits, and now she offers a variety of products for sale, such as: food, supplies, sodas, women's articles, household accessories, paper products etc. Her greatest challenge is having sufficient capital and work to meet the growing demand that exceeds her expectations daily. This is the reason she requested her credikiva, her first loan with Fundación Mario Santo Domingo. With the loan she will purchase "family shopping basket" items and varied merchandise, like women's accessories. Her investment will be successful because she sells her merchandise on credit. She would be able to offer better prices to her customers for items purchased in greater volume. Her goal down the road is to fix up her home and achieve full prosperity from her business in order to assure her family's well-being.
View original language description ↓
Maria es la propietaria de un negocio de variedades y una pequeña tienda en el barrio donde habita con su esposo y sus hijos en las edades de 3 a 9 años en la ciudad de Cartagena. Ella inició su negocio con un capital semilla que le otorgó la alcaldía y en él ha puesto todos sus esfuerzos para hacerlo crecer y generar cada día más ingresos que beneficien a su familia. Inicialmente vendía pocos productos, pero con su disciplina ha ido reinvirtiendo sus utilidades y hoy cuenta con una variedad de productos como ranchos, víveres, refrescos, artículos para damas, accesorios para el hogar, papelería etc. Su mayor desafío es tener el suficiente capital e trabajo para atender la creciente demanda que diariamente aumenta sus exigencias. 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 artículos de la canasta familiar y mercancías variadas como accesorios femeninos. Su inversión sería exitosa porque ella vende a crédito las mercancías y conseguiría dar buenos precios por sus compras en mayor volumen a sus rentables clientes. Su meta más adelante es adecuar su vivienda y lograr la plena prosperidad de su negocio para continuar logrando mayor bienestar en su familia.

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
  • 246
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,763.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Maria Eugenia to purchase "family shopping basket" items and various merchandise such as women's accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2011
Listed
Aug 10, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 17, 2013