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Ruth
Ruth, 47, lives in the city of Barranquilla with her husband and two children who are 9 and 20 years old. She has a business there selling clothing, shoes and purses, among other articles; she’s always ready to sell to her customers when they request it.

The business started two years ago when a niece would travel to Panama and bring back merchandise to sell. Although Ruth used to work for a firm, she availed herself of this opportunity and decided to become independent letting her enterprising spirit fly. This also allowed her to watch after her newborn son. At first it was her niece who gave her the merchandise to sell and help her husband cover household expenses which up to then had been entirely his responsibility. In her initial ventures she’d get the merchandise for four-month consignments until she gathered her own capital and was able to become more independent with her purchases. Her main customers are located in the neighborhood where she lives and in adjacent communities; they are employees of public and private enterprises.

She is currently applying for a Kiva loan, her first financing with Fundación Mario Santo Domingo that she plans to use to buy dresses and shoes for women and children taking advantage that at the end of the year her customers tend to renew their wardrobes and buy new dresses to happily spend the Christmas and New Year festivities.
View original language description ↓
Ruth de 47 años de edad vive en la ciudad de Barranquilla con su esposo y sus dos hijos en las edades de 9 y 20 años. Allí tiene un negocio donde se dedica a la comercialización de ropa, calzado y bolso, entre otros artículos a lo que siempre está dispuesto a venderles a sus clientes cuando estos se lo solicitan. El negocio inició hace 2 años cuando la sobrina viajaba a Panamá y traía mercancía para la venta. Aunque Ruth anteriormente trabajó en una empresa, aprovechó esta oportunidad y se dedicó a ser independiente, dándole curso librea su espíritu emprendedor y para resolver la atención de su pequeño hijo, cuando este nació. Al principio fue su sobrina quien le dio mercancía para que la vendiera, y apoyara a su esposo con los gastos del hogar, hasta entonces a cargo de él. En sus primeros paninos, obtenía la mercancía a consignación en un periodo de 4 meses, hasta que logró concentrar su propio capital y generar mayor independencia en sus compras. Sus principales clientes están ubicados en el barrio donde habita y en las comunidades aledañas, así mismo son empleados de empresas públicas y privadas. En la actualidad está aplicando a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo con el cual comprará vestidos y calzados para damas e infantil, aprovechando que al final de año, sus clientes actualizan su vestuario y se preparan con vestidos nuevos para estar felices en las fiestas familiares de navidad y año nuevo.

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
  • 175
    View loans »
    Colombia Loans Fundraising
  • $13,230,600
    Funds lent in using Kiva
  • 1,917.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Ruth to buy dresses and shoes for women and children.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2011
Listed
Nov 23, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013