Check out some available loans that are similar to this one!
Leyda
Leyda is the owner of a variety store and a washing machine rental business. Her business is located in the city of Cartagena, where she lives with her family. Leyda started her business two years in order to address the need to generate additional income so that she could provide for the welfare of her household. She began with a small amount of capital that was given to her by her husband. Leyda offered a few products on credit to neighbors whenever she visited them. Being a good observer, she started offering new products and her customer base gradually grew. She also provided new services when she rented out her first washing machine. Over time, Leyda bought two more and wants to continue growing because she cannot stop the demand for this service. With each passing day, her capacity to respond is insufficient. It is for this reason that she is applying for a Kiva loan. She wants to acquire two additional washing machines as well as cosmetics and household products to fulfill her orders.


This is Leyda’s second loan with Fundación Mario Santo Domingo, the organization that helped her to buy her own house. Her family is very happy and she is very pleased that she has found new success in her work. Her business maintains sales profitability of 39.93% and a product turnover period of 13 days. These indicators signal growth as a result of her great work potential.

View original language description ↓
Leyda es la propietaria de un negocio de Variedades y alquiler de lavadoras, negocio instalado en la ciudad de Cartagena donde vive con su familia. Su negocio inició hace dos años, atendiendo la necesidad de generar ingresos complementarios para genera bienestar en su hogar. Ella inició con un pequeño capital que le dio su esposo, ofreciendo unas cuantas mercancías a crédito, entre sus vecinos cuando los visitaba, gradualmente fue creciendo y ella como buena observadora, empezó a agregar nuevas mercancías y nuevos servicios como el de alquiler de su primera lavadora; gradualmente compró dos mas y quiere continuar creciendo, porque no puede detener la demanda de su servicio, que cada día crece y se hace insuficiente su capacidad de respuesta. Esta es justamente la razón por la cual acude a su credikiva, pues quiere agregar dos lavadoras más, y comprar cosméticos y enseres para vender sobre pedidos. Este es el segundo financiamiento que hace a la Fundación Mario Santo Domingo, con esta organización logró comprar su casa propia, con la cual su familia se siente feliz y ella satisfecha de poder apórtale nuevos éxitos con su propio trabajo. Su negocio maneja una rentabilidad sobre las ventas de 39,93%, una rotación de inventarios de 13 días, desde la cual auguramos su crecimiento por su gran potencial de trabajo.

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
  • 482
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,782.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Leyda to acquire two additional washing machines and to buy cosmetics and household products to fulfill her customers' orders.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2011
Listed
Oct 1, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2013