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Alba Lucia
Alba is 54 years old and lives in the July 20th neighborhood with her family which consists of her husband, a merchant who sells housewares door-to-door, and their five grown children. She manages a store where she sells stationery, toiletries, seasonal gifts, and a variety of other products such as sodas, snacks, and packaged lunches. Her customers include her neighbors and people who pass through the area. She sells on a cash basis. Alba purchases her merchandise in the central part of the city of Barranquilla.


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.

View original language description ↓
Alba de 54 años, vive en la ciudadela 20 de Julio con su familia conformada por su esposo, quien es comerciante de artículos de cacharrería puerta a puerta, y sus 5 hijos que ya son mayores de edad. Allí Vende papelería, productos de aseo, detalles de ocasión, y variedades en general además de gaseosas, pasabocas, mecatos. Sus clientes son los vecinos del sector y transeúntes del barrio, sus ventas son de contado, así como también sus compras que las realiza en el centro de la ciudad de Barranquilla. Este negocio es atendido por la empresaria y una de sus hijas y lo inició desde el año 2003, como parte de la experiencia tradicional de su familia paterna, núcleo en el cual todos son comerciantes. Sus principales clientes son los vecinos del barrio y de otros aledaños, peatones que transitan el sector. Aunque la competencia es alta, Alba Luz se sostiene con un buen servicio, respondiendo a las necesidades de su clientela y con precios competitivos. En la actualidad tiene su sueño de crecimiento empresarial y considera que esta es una de las mejores épocas para invertirle a su negocio capital de crédito, como al que está aplicando en la Fundación Mario Santo Domingo, porque tradicionalmente conoce que es la temporada en la cual incrementa sus ventas de contado y rota rápidamente su capital de trabajo. Con su credikiva, primer financiamiento, comprará artículos alusivos a la navidad, juguetes, accesorios femeninos y ropa elegante, sobre pedidos que ya hicieron sus clientes, lo cual garantiza que su inventario rote muy rápido, y también la ampliación de su capital de trabajo.

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
  • 307
    View loans »
    Colombia Loans Fundraising
  • $13,867,525
    Funds lent in using Kiva
  • 1,951.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Alba Lucia to buy merchandise for Christmas such as toys, women’s accessories, and formal clothing.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2011
Listed
Nov 30, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013