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Nancy
Nancy, age 44, lives with her husband and their three children. The children range in age from 9 to 18. They live in the Soledad municipality, a metropolitan area in Barranquilla.

That is where she has a store where she sells everyday food products and merchandise like cosmetics, women’s accessories, clothes, shoes, stationery items, and plastic products. She started the business 14 years ago when she was let go from the important chain of stores where she worked. She used this money for her entrepreneurial adventure.

She started with two display cases on the terrace of a rented house, which is located in front of her house. In less than one year she managed to buy it. With the support of the Fundación Mario Santo Domingo she expanded her business and paid for her son’s university education.

She wants to continue being successful with an increase in her working capital. That is the reason she turns to Kiva and makes use of her Kiva loan. She wants to buy stationery products, accessories, and novelty items. She will receive them in the month that requires more investment in the businesses. This is when sales increase due to the celebration of Valentine’s Day (day of love and friendship). Children’s and adults’ purchases increase. Everyone wants to show their affection with gifts for their friends, boyfriends and girlfriends, family members, and neighbors. Indeed, Nancy’s customers plan to go to her store to buy a nice present. She needs to have her business stocked with everything they require.

Nancy maintains a contribution margin of 12%, from which we predict her successful investment and potential growth.
View original language description ↓
Nancy de 44 años, vive con su esposo y sus 3 hijos en las edades de 9 a 18 años en el municipio de Soledad, área metropolitana de Barranquilla. Allí tiene una tienda miscelánea, donde vende artículos de la canasta familiar y mercancías como cosméticos, accesorios femeninos, ropa, calzado, papelería y plásticos. Negocio que inició hace 14 años, cuando fue liquidada por una importante almacén de cadenas, donde trabajó y este dinero lo aplicó a su aventura emprendedora. Ella inició con 2 vitrinas en la terraza de una casa arrendada, ubicada frente su residencia actual, la que en menos de 1 año logró comprar. Con el apoyo de la Fundación Mario Santo Domingo amplió su negocio, consiguió pagar estudios universitarios de su hijo y quiere continuar siendo exitosa con el aumento de su capital de trabajo. Esta es la razón por la cual acude y aprovecha su credikiva pues quiere invertir en papelería, accesorios y fantasías, con los que recibirá el mes en el cual se requiere mas inversión en los negocios, por que así mismo las ventas repuntan, debido a que se celebra el día del amor y de la amistad y las compras de niños y adultos crecen, pues todos quieren mostrar su cariño con obsequios para sus amigos, novios, familiares vecinos y efectivamente, los clientes de Nancy planean ir a su miscelánea a comprar un buen regalo y ella debe tener surtido su negocio con todo lo que ellos exijan. El negocio de Nancy maneja un margen de contribución del 20% una rotación de inventarios de 90 días y una rentabilidad de 12% desde la cual auguramos su exitosa inversión y su potencial crecimiento.

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
  • 192
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,782.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Nancy to buy stationery products, accessories, and novelty items.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2011
Listed
Sep 12, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012