Check out some available loans that are similar to this one!
Celia Mabel
Celia is 24 years old and lives in the city of Cartagena. She sells various types of merchandise such as bed sheets, bath towels, kitchen linens, and other items. Celia is married and has a one-year-old daughter. When she started her business two years ago, Celia received help from her mother-in-law, a businesswoman who has also partnered with Fundación Mario Santo Domingo and provided her with merchandise to start her retail business. Celia earned a profit from her first few sales and gradually developed discipline in her work. She was able to acquire her own capital and expand her business a little more. Now she sells on credit to neighbors, relatives, friends, and referrals from her existing customers. Celia is excited about growing her business and supporting her family with her income because her greatest challenge is providing her daughter an education that is of good quality so that she can become successful.


Meanwhile, she is able to maintain good financial indicators in accordance to her business activity and her potential for growth. She plans to achieve profitability from her sales at a rate of 45% with greater injections of operating capital, which will increase the likelihood that she can respond to her customers in a timely manner. This is why she is applying for a Kiva loan, her first form of financing from Fundación Mario Domingo. Celia will use the money to buy bedspreads, bed sheets, towels, and lingerie. She expects to have a successful investment because of the orders she receives in celebration of the month of love and friendship (the Colombian equivalent of Valentine’s Day), a time in which friends, relatives, and couples express their feelings by exchanging gifts. Celia plans to make sales during this time.

View original language description ↓
Celia de 24 años de edad, vive en la ciudad de Cartagena y se dedica a la venta de mercancía variada como ropa de cama, de baño, de cocina entre otras. Ella es casada y tiene una hija en la edad de un año. Cuando inició su negocio hace dos años, fue apoyada por su suegra, negociante vinculada también a la Fundación Mario Santo Domingo, quien le dio mercancía para que se dedicara al comercio y ganara dinero; gradualmente con este primer impulso y su trabajo disciplinado, logró hacer su propio capital y extenderse un poco más; ahora vende a crédito a vecinas, familiares, amigos y referidos por su clientela base y vive entusiasmada en hacer crecer su negocio y apoyar la gestión de su familia con sus ingresos, porque su mayor desafío es lograr para su hija una educación de calidad que la conduzca a ser exitosa. Mientras esto ocurre maneja buenos indicadores financieros de acuerdo a su actividad y un gran potencial de crecimiento con el que planea, pasar de una rentabilidad sobre las ventas del 45% a una superior mediante inyecciones de capital de trabajo, para aumentar sus posibilidades de responder oportunamente a su clientela. Esto es lo que justamente se propone con su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el comprará cubrelechos, sabanas, toallas, y artículos de lencería, inversión exitosa porque la hace sobre pedidos en la víspera de la celebración del mes del amor y de la amistad, fecha en la cual amigos, familiares y parejas expresan sus sentimientos mediante obsequios, que en este caso Celia venderá.

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
  • 294
    View loans »
    Colombia Loans Fundraising
  • $13,933,050
    Funds lent in using Kiva
  • 1,778.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Celia Mabel to buy bedspreads, bed sheets, towels, and lingerie.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2011
Listed
Sep 5, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012