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Lorena
Lorena, 25, lives with her spouse and 3-year-old child in the southwest part of the city where she has a business selling varied merchandise like cosmetics that she sells via specialized catalogues or guide books. She’s also a frozen treat distributor. These businesses arose gradually to meet the need she had to generate income for her home in order to increase wellbeing. She pays cash for these products but sells them on credit; the frozen treats are sold for cash. Her goal for later on is to strengthen her small frozen treat distributorship and turn it into an ice-cream shop where her customers will have a comfortable environment while they enjoy their treats and refreshments. She also dreams with acquiring her own house and this is her daily motivation.

She is currently applying for her Kiva loan, the first financing she’ll receive from Fundación Mario Santo Domingo that she’ll use to buy cosmetics that are on special discount and perfumes she has pending orders for due to the Day of Love and Friendship which is a time when sales spike and customers have placed orders with Lorena with up to two months advance notice for items that they intend to use as gifts to show their affection for family members, friends and sweethearts.
View original language description ↓
Lorena de 25 años vive con su cónyuge y su hijos de 3 años de edad al suroccidente de la ciudad donde tiene el negocio de vender mercancía variada, como cosméticos que promociona mediante guías especializadas o catálogos y también tiene una distribuidora de helados, negocios, que surgieron gradualmente para resolver la necesidad de generar ingresos para el hogar y con el fin de aumentar su bienestar. Las compras de estos productos las hace de contado, mientras las mercancías las vende a crédito y los helados de contado. Su meta mas adelante es fortalecer su pequeña distribución de helados y convertir este negocio en heladería, donde sus clientes tengan un ambiente confortable, mientras degustan y se refrescan. Así mismo sueña con adquirir su propia casa y diariamente este pensamiento es su mayor impulso. En la actualidad esta aplicando a su credikiva primer financiamiento que recibe de la Fundación Mario Santo Domingo, con el cual comprará cosméticos que vienen con descuentos especiales y perfumes encargados, a propósito del día del amor y de la amistad, época en la cual ocurre un repunte de sus ventas y desde dos meses antes los clientes de Lorena han encargado, las mercancías que servirán de obsequio para expresar manifestaciones de cariño a sus familiares, amigos y enamorados.

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
  • 416
    View loans »
    Colombia Loans Fundraising
  • $14,624,200
    Funds lent in using Kiva
  • 1,782.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Lorena to buy specially discounted cosmetics and perfumes on order.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2011
Listed
Sep 12, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012