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Arnulfa
Arnulfa is 63 years old. She lives in the municipality of San Jacinto, located in the department of Bolívar, which is known for making crafts from vertical weavings, such as the backpacks, hammocks, and bags that are well-known in the country. She lives with her partner and has 7 children from the ages of 34 to 42 years old. She started her own business 31 years ago with a small clothing store. It didn’t go very well for her because she didn’t take into account the location of her business, which was in the corridor of a shopping area. When she didn’t earn the expected income, she closed it and started a new business, the restaurant she now has. It had many ups and downs, especially during times when order wasn’t maintained by the municipality.

Her business is currently growing and she plans to generate around her great economic growth selling lunches and fast food, soups especially. However, her working capital isn’t sufficient for her improvement plans. She wants to put in corrugated tin panels and paint the space. This is the reason why she is turning to a loan, the first one she has had with Fundación Mario Santo Domingo. She will invest it in improvements to her location, taking advantage of above-average sales during the Christmas season, and this will allow her to expand her market.
View original language description ↓
Arnulfa de 63 años de edad vive en el Municipio de San Jacinto, ubicado en el departamento de Bolívar, caracterizado por la fabricación de artesanías en tejido vertical como las mochilas, hamacas y bolsos ya muy conocidos en el territorio Nacional. Ella vive con cónyuge y tiene 7 hijos en las edades de 34 a 42 años, e inició su propio negocio hace 31 años emprendiéndolo en un almacén el cual fue su primera actividad generadora de ingresos, en la cual no le fue muy bien, porque no previó la ubicación de su negocio en un corredor comercial y cuando no obtuvo las utilidades esperadas lo cerró y emprendió una nueva aventura: su hoy restaurante que en un principio tuvo muchas dificultades, especialmente en las épocas en las cuales no estaba controlado el orden público en el municipio.

En la actualidad, eso es tema del pasado y su negocio está creciendo y planea generar a su alrededor un gran auge comercial, vende almuerzos y comidas corrientes, especialmente sopas: Su capital de trabajo no es suficiente para sus planes de mejoramiento de sus instalaciones y por eso quiere hacer adecuaciones locativas, poner nuevas láminas de eternit y pintarlo; esta es la razón por la cual acude a su credikiva,primer financiamiento que hace a la Fundación Mario Santo Domingo. Es un buen momento para hacer esta inversión porque aprovecharía que el impulso de sus ventas en épocas navideñas tiende a impactar su microempresa, y ofreciendo un ambiente confortable, que no sea afectado por la lluvia o el sol su mercado se incrementará.

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
  • 510
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,940.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Arnulfa to make improvements to her restaurant, such as corrugated tin panels and new paint.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2011
Listed
Dec 6, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013