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Jennifer Esther
27-year-old Jennifer sells assorted goods and also serves fast food. She does both kinds of business and that way she has been able to help with managing expenses in the home she shares with her husband and her 2 and 8-year-old children. She started her business approximately 5 years ago by selling a few goods among her closest neighbors, friends and relatives. After she got an income and had a few savings, she started another business selling fast food, which she does on weekends with her mother’s help. This is her 4th loan with Fundación Mario Santo Domingo and with the loan she will purchase raw materials and supplies for her fast food business, renovate her store and purchase merchandise. She has ordered merchandise on account of Valentine’s Day which has a positive impact on her sales and she intends to use this opportunity to make a successful investment. With her former loans, she has been able to increase her income and therefore improve her family’s well-being. While she works to meet her expansion goals, she strives to maintain a marginal income of no less than 40% and a liquidity of 3-to-1, which is what she currently has and uses in order to forecast her development potential.
View original language description ↓
Jennifer de 27 años de edad se dedica a la venta de mercancías variadas y también ofrece el servicio de comidas rápidas, ambas actividades las ejerce y con ellas ha logrado apoyar la gestión de su hogar conformado por su esposo y sus hijos de 2 y 8 años de edad respectivamente. Ella inició su negocio hace aproximadamente 5 años, con la venta de pocas mercancías entre sus vecinas más cercanas, amigos y familiares, después de recibir algunos ingresos que pudo ahorrar, inició su otro negocio “el de comidas rápidas” en el que cuenta con el apoyo de su madre y realiza los fines de semana. Su credikiva es el cuarto financiamiento que hace a la Fundación Mario Santo Domingo con el comprará materias primas e insumos para sus comidas rápidas, hará adecuaciones a su local y comprara mercancía, la cual tiene encargada, a propósito de la cercanía del día del amor y de la amistad, que impacta positivamente sus ventas y el cual va a aprovechar y hará de esta una inversión exitosa. Con sus créditos anteriores con esta organización, ha logrado aumentar sus ingreso y con ellos su nivel de bienestar familiar. Mientras trabaja para cumplir sus metas de crecimiento, se esmera en sostener un margen de contribución no menor del 40% y una liquidez de 3 a 1, con la que en la actualidad cuenta y desde la que proyecta su potencialidad de progreso.

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
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,785.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Jennifer Esther to purchase raw materials and supplies for her fast food business, to renovate her store and to purchase merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2011
Listed
Sep 4, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012