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%.
About Fundación Mario Santo DomingoFundación 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.
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Success!! The loan was 100% repaid