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Diana
Diana is 29 years old and she lives in the city's southwest with her common-law husband and their two children, aged 7 and 8. She sells health products, a business she started out in 2010 with the help of a loan granted to her by a promoter of these products. She completes her sales on credit, with two bi-weekly payments. Her first clients were her friends and family but gradually her clients have increased for the referrals that have been made. Her goal in the future is to have a specialized store featuring these products, operating from her own home. But she faces a great challenge and that is insufficient capital funds to achieve her goal. This is the reason why she requests a Kiva loan. It is the first loan she accesses through Fundacion Mario Santo Domingo (Kiva Field Partner) and it will help her stimulate growth. With this loan she will purchase health products, including biotherapies, and natural and aromatherapy treatments for hair, body, and feet. These products are very well accepted by her clientele, especially having observed benefits from their experience. As Diana works and expends her efforts she strives to achieve her dream of expanding her business. She maintains a profit margin of no less than 20.59% and an inventory rotation of 9 days.
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Diana de 29 años vive al suroccidente de la ciudad con su cónyuge y sus dos hijos en las edades de 7 y 8 años, allí se dedica al comercio de productos de salud, negocio que inició desde el año 2010, con un préstamo del promotor de estos productos, sus ventas las realiza a crédito en dos pagos quincenales, sus clientes iniciales fueros sus amigos y familiares, pero gradualmente se ha ido extendiendo por el número de referidos que estos le hacen. Su meta más adelante es tener un almacén especializado en estos productos, que funcione en su propia vivienda, pero tiene un gran desafío y es el insuficiente capital de trabajo para lograrlo. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, para iniciar su crecimiento, con este credito comprará productos para la salud, en sus líneas bioterapia, cabello, cuerpo, pies, natural y aromaterapia, productos de gran aceptación entre su clientela pues han tenido la experiencia de sus beneficios. Mientras Diana trabaja y se esfuerza, para lograr su sueño de crecimiento, mantiene una rentabilidad sobre las ventas no menor del 20,59% y una rotación de inventarios de 9 días.

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
  • 465
    View loans »
    Colombia Loans Fundraising
  • $15,270,025
    Funds lent in using Kiva
  • 1,795.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Diana to purchase health products, including biotherapies, and natural and aromatherapy treatments for hair, body, and feet.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2011
Listed
Aug 15, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012