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Magaly Esther
Magaly, 50, lives with her husband in the Américas neighborhood on the southwest side of the city and they have three children, ages 21 through 26. As a family they have built their dreams little by little and with their savings were able to eventually own their own home. Also the family achievements show in the current business which has been responsible for family, entrepreneurial and personal growth.

Magaly has been selling different merchandise such as clothing, shoes and accessories for 15 years. She distributes her products on a credit basis to her customers who include neighbors, family and referred acquaintances through her best buyers. Her experience dates back to when she was 15 years old and worked for a clothing manufacturer. Thanks to this activity she has been able to supervise her children's education and this is very important for the family. Her credikiva is the 11th loan Magaly has had through the Mario Santo Domingo Foundation. She has been a member for ten years and has been able to improve her family's lifestyle thanks to the loans. Her first credikiva will be used to buy rocking chairs in the city of Sincelejo which she will distribute among interested customers who have already placed orders. Her current accounts receivable turnover is 15 days and profit on sales is 35%. These are the financial indicators we used to project growth potential and we forecast a successful investment from her credikiva.
View original language description ↓
Magaly de 50 años vive con su esposo en el barrio las Américas al suroccidente de la ciudad y tiene 3 hijos en las edades de 21 a 26 años. En familia poco a poco han construido sus sueños, así como con sus ahorros lograron comprar un lote y gradualmente, paso a paso, tener hoy su vivienda propia. En lo que han logrado en familia, ha estado presente su negocio, pues sin él no hubiera sido posible su crecimiento familiar, empresarial y personal. Magaly vende mercancía variada como ropa, calzado, fantasía, desde hace 15 años. Distribuye sus productos a crédito en plazos acordados con sus clientes que son vecinos, familiares y empleados referidos por sus mejores compradores. Su experiencia data desde cuando tenía 15 años y ya trabajaba en almacenes de fabricación de prendas de vestir. Gracias a esta actividad ha podido estar muy cerca de la educación de sus hijos y esto es muy importante para su familia. Su credikiva es el crédito # 11 que Magaly hace a la Fundación Mario Santo Domingo, organización a la que ha estado vinculada durante 10 años y con los cuales ha logrado un mejoramiento de las condiciones habitacionales de su familia; con su primer credikiva comprará mecedoras en la ciudad de Sincelejo y los distribuirá entre clientes interesados que ya han realizado sus pedidos. En la actualidad su rotación de cuentas por cobrar es de 15 días mientras su rentabilidad sobre las ventas es de 35%, indicadores financieros desde los cuales proyectamos su potencial crecimiento y auguramos una inversión exitosa de su credikiva.

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
  • 164
    View loans »
    Colombia Loans Fundraising
  • $13,194,000
    Funds lent in using Kiva
  • 1,819.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Magaly Esther to buy and distribute rocking chairs.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2011
Listed
Oct 3, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012