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Zurima Esther
44-year-old Zurima lives in the south of the city together with her husband and 14-year-old son. She has owned an ice-cream parlor there for eight years. She started the business with her husband. Zurima's husband used to work in a gas station in a town in Magdalena department. When he lost his job, he used his severance pay to buy ice cream to sell and also other merchandise. The business has gradually grown and now Zurima needs a bigger injection of working capital so that they can buy a set of tables and chairs and stock their business with new, popular products.

This Kiva loan is Zurima's third loan through Fundación Mario Santo Domingo. With the organization's help, she has managed to improve her business both physically and as regards working capital. Her dream is to have premises for her business as she currently runs it outside her home. Zurima's financial indicators, from which she boosts her growth, are as follows: return on sales - 19%, accounts receivable turnover - 3 days, stock turnover - 1 day.
View original language description ↓
Zurima de 44 años de edad vive al sur de la ciudad con su esposo y su hijo de 14 años de edad. Allí tiene una heladería desde hace 8 años la cual inició en compañía de su esposo. Él trabajaba en una estación de gasolina en un municipio del departamento del Magdalena y cuando quedó desempleado aplicó su liquidación a la venta de helado y también al comercio de mercancía variada. Su negocio gradualmente ha ido creciendo y hoy requiere una mayor inyección de capital de trabajo para comprar un juego de mesas y sillas y surtir su negocio con nuevos productos que están de moda en el mercado. Este su credikiva, es el tercer financiamiento que hace a la Fundación Mario Santo Domingo, organización con la que ha logrado mejorar su negocio en los aspectos físicos y de capital de trabajo. Su sueño es ubicar su negocio en un local, pues en la actualidad funciona en la terraza de su vivienda. Sus indicadores financieros, desde los cuales potencializa su crecimiento son los siguientes: Rentabilidad sobre las ventas 19%, rotación de cuentas por cobrar 3 días, rotación de inventarios 1 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

  • $6,070
    Average annual income
  • 342
    View loans »
    Colombia Loans Fundraising
  • $14,070,600
    Funds lent in using Kiva
  • 1,792.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Zurima Esther to buy a set of tables and chairs and to stock her business with new, popular products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 25, 2011
Listed
Sep 6, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012