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Marelvis
Marelvis is the owner of a beauty salon located in the north of the city where she offers services of personal-image improvement to women, children, and men in general. There she also sells beauty products, feminine accessories, and general store items in a space located near her home.

Her business is very well equipped with furniture and equipment that allow her to offer a good service. For this reason she generates important income with which she supports the well-being of her home, made up of her husband and their three children, ages 12 through 8. In her little store she has everything, a little bit of what her customers need. They are neighbors from the community, employees of businesses, especially of one of the most important restaurants of the city, where her husband is the manager and he supports her completely.

Currently she is planning to respond to the coming holiday season, but her working capital is insufficient to satisfy totally her growing clientele. This is why she is requesting a Kiva loan, her first funding from the Fundación Mario Santo Domingo, with which she will buy beauty products and supplies, clothing, and Christmas accessories for home and personal use.

With this merchandise her shop will have the inventory demanded by the holiday season. Also, the families, Marelvis's customers, will meet their needs very close to their homes. At the same time her investment will be successful because she will buy wholesale and get discounts, which will transfer to her profits and she will offer an excellent service, better than what Marielvis is accustomed to delivering.

In her business she manages an average profit margin of 58.78% and turns over her inventory every 27 days--very good financial indicators for this type of business, which she is hoping to increase by infusing more working capital such as Kiva offers.
View original language description ↓
Marelvis es la propietaria de una peluquería ubicada al norte de la ciudad, donde ofrece servicios de mejoramiento de la imagen personal a mujeres, niños y hombres en general; allí mismo vende productos de belleza, accesorios femeninos y artículos de miscelánea en un local ubicado al lado de su vivienda. Su negocio está muy bien equipado con muebles y enseres, que le permiten brindar un buen servicio, por eso ella genera ingresos importantes con los cuales apoya el bienestar de su hogar, conformado por su esposo y sus tres hijos en las edades de 12 a 18 años. En su pequeño almacén tiene de todo un poco de lo que su clientela requiere, ellos son vecinos del barrio, empleados de empresas, especialmente de uno de los restaurantes más importantes de la ciudad, donde su esposo es el administrador y la apoya plenamente. En la actualidad está planeando responder a la temporada de fiestas de final de año que se acerca, pero su capital de trabajo no es suficiente para lograr que su creciente clientela esté totalmente satisfecha ; este es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará productos e insumos de belleza, ropa, accesorios navideños de uso doméstico y personal para la venta; con esta mercancía su miscelánea tendrá los inventarios como lo exige la época decembrina y las familias, clientes de Marelvis, responderán a sus necesidades en un lugar muy cercano a su vivienda; así mismo su inversión será exitosa, porque comprará en mayor volumen obteniendo descuentos, que trasladará a sus utilidades y ofrecerá un servicio de excelencia, mejor del que está acostumbrado a entregar Marelvis a sus clientes. En su negocio ella, maneja un margen de utilidad promedia de 58,78 %y rota sus inventarios cada 27 días, indicadores financieros muy bueno para este tipo de negocios, que pretende aumentar inyectándole mas capital de trabajo como el que ofrece Kiva.

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
  • 276
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,923.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Marelvis to buy beauty products and supplies, clothing, and Christmas accessories for home and personal use.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2011
Listed
Dec 11, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013