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Edubiges
Edubiges, 42, is a married woman and she has a 14-year-old son who she dreams will become a successful professional. To accomplish this she focuses on producing income from her business to provide wellbeing for her home. Her enterprising ideas arose fifteen years ago when she started to buy merchandise to then sell among her friends, neighbors and relatives.

Her business gradually grew and she worked that way for four years. Later, she thought selling cheese and offal was a better opportunity since she already sold such items for cash. She worked that way for six more years. When her husband started to work for a firm her father continued with the business but when her husband stopped working as a salaried employee she retook her old business but added grilled arepas [A griddle-cake made of soaked corn ground into a paste or dough] investing his severance pay into the business: tools, equipment and implements to successfully carry out this activity. She’s still in this business taking advantage of being near schools which are her main market.

Her business dream is to have several sales points and this is why she needs working capital to buy a new arepa cart to position strategically and this is why she’s asking for a Kiva loan, her first from Fundación Mario Santo Domingo that she’ll use to buy a new arepa cart to generate new income since she’s identified a potential market where she can extend her working hours into the night. She will be successful because she will apply all her experience to create new profits.
View original language description ↓
Edubiges de 42 años es una mujer casada y tiene un hijo de 14 años, con el que sueña verlo convertido en un profesional exitosos. Para ello diariamente se dedica a producir en su negocio ingresos para aportarle al bienestar de su hogar. Sus ideas emprendedoras nacieron hace 15 años cuando empezó a comprar mercancía para luego ofrecerla a vecinas amigas y familiares, su actividad poco a poco creció y así trabajó durante 4 años. Posteriormente le pareció de mayor oportunidad vender queso y vísceras, pues trabajaba con estos productos en la modalidad de contado, y así estuvo durante 6 años más. Cuando su esposo empezó a trabajar en una empresa su padre continuó el negocio y en el momento en que su cónyuge dejó de trabajar como empleado, retomó su antiguo negocio, pero agregaron arepas asadas, invirtiendo la liquidación que recibió de su empleo, en herramientas, equipos e implementos para desarrollar con éxito esta actividad, como en la actualidad lo hace, aprovechando su cercanía con colegios que son su mayor mercado.
Su sueño de negocio es tener varios puntos comerciales y por eso requiere capital de trabajo para comprar un nuevo carro de arepas que pueda ubicar en un sitio estratégico y esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará un nuevo carro de arepas, con el cual generará nuevos ingresos pues ha identificado un potencial mercado en el cual puede extender su jornada de trabajo hasta las horas de la noche, y tendrá éxito pues aplicará toda su experiencia que convertirá en nuevas utilidades.

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
  • 483
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,900.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Edubiges to buy a new arepas cart.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2011
Listed
Oct 19, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 18, 2012