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Ana
Ana, age 53, lives in the central zone of Barranquilla with her husband and three children between the ages of 18 and 31. There she has a business where she sells varied merchandise, as well as a drink store. The Fundacion Mario Santo Domingo has supported both of these business through loans for four years. Thanks to this organization she has seen her income increase bit by bit. This is her second loan through Kiva, and Ana thanks her lenders for the support and confidence they will give her. With this investment she will be able to increase her working capital and use her profits to buy a new fridge for her juice. This will offer her customers refreshment, and free up space in her freezer for ice cream and a higher volume of other drinks. With the Fundacion's support, Ana has been able not only to strengthen her business, but also to use her income to improve her living conditions, and to purchase home electronics and other items for her home. She is currently requesting a new Kiva loan, with which she will purchase merchandise to respond to orders, such as shoes, sheets and towels. These items are currently on sale and she will make a better income and get a good response from her customers. Currently, Ana manages a turnover of receivables of 30 days, a 2-day liquidity and profitability of sales of no less than 33%.
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Ana de 53 años de edad vive en la zona central de Barranquilla, con su esposo y sus tres hijos en las edades de 18 a 31 años. Allí tiene un negocio donde vende mercancía variada y una refresquería, negocios a los que la Fundación Mario Santo Domingo ha vendido apoyando con financiamiento hace 4 años y ella gracias a esta organización ha logrado poco a poco el crecimiento de su ingreso. Esta es su segunda financiación mediante la línea credikiva y Ana agradece a su financiadores, el apoyo y la confianza depositada en ella, pues con la inversión, logró aumentar su capital de trabajo y con sus utilidades comprar una nueva nevera para refrigerar jugos, y ofrecerle a su clientela la posibilidad de refrescarse y tener más espacio en su congelador para la disposición de hielos y otros refrescos en mayor volumen. Con el apoyo de la Fundación, Ana no solo ha conseguido fortalecer su negocio, sino que con las utilidades producidas también mejorar sus condiciones habitacionales, comprar electrodomésticos y otros beneficios para su hogar. En la actualidad está aplicando a un nuevo credikiva, con el cual comprará mercancía para responder a encargos, como calzado sabanas y toallas que se encuentran en descuento y logrará mayores utilidades y una mejor respuesta a sus clientes. Actualmente en su negocio, Ana maneja una rotación de cuentas por cobrar de 30 días, una liquidez de 2 y una rentabilidad sobre las ventas no menor del 33%.

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
  • 576
    View loans »
    Colombia Loans Fundraising
  • $14,702,900
    Funds lent in using Kiva
  • 1,778.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Ana to purchase merchandise such as shoes, sheets and towels in order to respond to orders; these are currently on sale.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2011
Listed
Aug 27, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 18, 2012