She has been managing this business with one of her daughters since 2003. Alba is continuing a tradition since everyone on her father’s side of the family was in the retail trade. Her primary customers are residents of the neighborhood and from the surrounding areas. She also serves pedestrians who visit the neighborhood. Although the level of competition is high, Alba Luz is able to maintain good service. She responds to the needs of her customers and offers competitive prices. At the moment, she dreams of growing as an entrepreneur and considers this moment to be one of the best times to invest in a loan for her business.
Alba is submitting a request to Fundación Mario Santo Domingo because she knows this season is traditionally the time when her cash sales increase and her inventory has rapid turnover. With this Kiva loan, her first form of financing, she will buy items for Christmas such as toys, women’s accessories, and formal clothing. Her customers have already placed their orders, so Alba is guaranteed of very quick turnover and the need to increase her operating capital.
About Fundación Mario Santo DomingoFundación 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.
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Success!! The loan was 100% repaid