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Heidi
Heidi is 23 years old and lives in the city of Cartagena with her husband and two-year-old son. She started her business of selling various merchandise, especially clothes for women and men, so that she could pay for her university studies. Her merchandise is targeted to potential customers who are also college students. Heidi’s business has grown gradually and has been extended to other product lines to increase her income to support the welfare of her household.


At the moment she is applying for a Kiva loan, her first form of financing from Fundación Mario Santo Domingo. Heidi will use the money to buy sweaters for women and men, as well as men’s overalls. This investment will result in success because these orders have been made by her best customers. Her future goal is to have a shop that specializes in clothes for women, men, and infants. She also hopes to create jobs in order to support the families of the employees who work in her business. Meanwhile, Heidi is able to maintain an accounts receivable period of 35 days, a current ratio of 3.16, and sales profitability of 35.38%.

View original language description ↓
Heidi de 23 años de edad vive en la ciudad de Cartagena con su cónyuge y su hijo de 2 años de edad; ella inició el negocio de vender mercancía variada especialmente ropa para damas y caballeros, con tal pagar sus estudios universitarios; sus mercancías estaban dirigidas a atender la clientela potencial existente en este centro de estudios; gradualmente el negocio de Heidi, ha ido creciendo, hasta lograr extenderse a otras líneas y con el aumento de sus ingresos, apoyar el bienestar de su hogar. En la actualidad está aplicando a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo con el cual comprará suéteres para damas y caballeros y también overoles masculinos, inversión que resultará exitosa porque está fundamentada en encargos que le han hecho sus mejores clientes. Su meta futura es tener un almacén especializado en ropa femenina, masculina e infantil y generar puestos de trabajo que apoyen a las familias de quienes trabajan en el negocio. Mientras esto ocurre maneja sus cuentas por cobrar con una rotación de 35 días, una razón corriente de 3,16 y una rentabilidad sobre las ventas de un 35,38%.

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
  • 1,778.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Heidi to buy men's and women's sweaters and men's overalls.
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:
Sep 15, 2012