Check out some available loans that are similar to this one!
Elisa
Elsa is 48 years old and lives in the city of Cartagena de Indias. She has a 22-year-old son. Elsa manages her own variety store where she sells women’s accessories, household goods, cosmetics, colognes, clothing and other merchandise. Her business is located in a section of the living room of her house. Elsa started this business so that she could generate household income, but it quickly became her mission in life. She is excited about growing in her work and offering good service. Elsa sells her products for cash, but she also extends credit. Even though the value of her fixed assets has not increased, her business generates good profitability from her sales and a high product turnover. Her customer base has increased because the celebration of love and friendship (the Colombian equivalent of Valentine’s Day) is in progress. During this time, her sales rebound throughout the entire month and she acquires new customers.


For this reason, she is applying for a Kiva loan. Elsa will use the money to buy merchandise for her outstanding orders such as stationery, Valentine and friendship cards, sandals, accessories, and other products that have high turnover. When she started her business, Elsa only sold candy from a small space. She then received a request from a customer who wanted to buy an iron, so she gradually began offering other merchandise to neighbors, housewives, relatives, and friends. Her customers have even referred new buyers to her. As a result of disciplined work, Elsa used her earnings to buy display cabinets and order more goods to achieve the wide variety that she offers today. Every day she strives to achieve her many dreams.

View original language description ↓
Elsa de 48 años vive en la ciudad de Cartagena de Indias y tiene un hijo de 22 años de edad. Desde allí maneja su propio negocio de variedades, donde vente accesorios femeninos, artículos para el hogar, cosméticos, colonias, ropa entre otras mercancías. Su negocio está ubicado en una parte de la sala de su casa, e inició para generar ingresos para el hogar, pero muy pronto se convirtió en su proyecto de vida y está entusiasmada haciéndolo crecer con su trabajo y ofreciendo un buen servicio. Ella vende en su miscelánea de contado y también maneja créditos; aunque el valor sus activos fijos no es elevado, su negocio presenta una buena rentabilidad sobre las ventas y una rotación de su cartera acorde con la actividad que ejerce. Su clientela ha ido creciendo y en la actualidad se acerca la celebración del amor y de la amistad, época en la cual repuntan las ventas durante todo el mes, pero su capital de trabajo no es suficiente para atender la gran demanda de pedidos que desde ya, han hecho sus clientes, esta es la razón por la cual acude a su credikiva, con el cual comprará mercancías bajo pedidos, papelería, detalles de amor y de amistad, sandalias, accesorios y toda la mercancía de mayor rotación en su negocio. Elsa cuando inició su negocio era una pequeña chaza donde vendía solo dulces, por solicitud de un cliente vendió una plancha y de inmediato empezó a agregar otras mercancías que gradualmente ofreció a sus vecinos, amas de casa, familiares y amigos, que aun son sus clientes y que han referido nuevos compradores; así mismo con las ganancias productos de su disciplina y trabajo fue comprando sus vitrinas y ordenando lo que hoy es su gran variedad, con la que tiene muchos sueños por los cuales se esmera día a día.

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
  • 490
    View loans »
    Colombia Loans Fundraising
  • $15,259,900
    Funds lent in using Kiva
  • 1,778.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Elisa to buy stationery, Valentine and friendship cards, sandals, accessories, and other products that have high turnover.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2011
Listed
Sep 5, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012