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Glenys
Glenys is 37 years old and operates two businesses (one retail and one service) at the same time. She rents out washing machines to housewives so that they can do laundry for their families. Providing this option helps them to reduce their workload around the house. Her other business involves selling various types of merchandise such as colognes, deodorants, undergarments, sweaters, and Bermuda shorts. Glenys started her business when she left her hometown in search of opportunities to live peacefully and generate income needed to raise her family, which consists of her husband and five children who are now between the ages of 4 and 17.

Glenys initially started with two washing machines and later took advantage of her domestic clientele to sell products through specialty guides and catalogs. She began accessing burdensome loans that were being offered in her neighborhood by people who were in that type of business. Glenys was able to get out of those loans over time through hard work. She currently approached Fundación Mario Santo Domingo about gaining capital with a low-interest Kiva loan. This is the first time she has accessed the benefits of the organization, as well as a Kiva loan. She will buy washing machines and various merchandise so that she can meet the year-end demand that usually increases at this time and allows her to generate more income compared to other seasons. For this reason, she wants to take advantage one more time.
View original language description ↓
Glenys de 37 años de edad tiene dos negocios en las actividades de comercio y servicio simultáneamente; ella ofrece a las amas de casa, la facilidad de que alquilen máquinas para lavar su ropa y la de su familia, opción mediante la cual éstas disminuyen su carga del trabajo doméstico; la otra actividad es la de vender mercancía variada, como colonias, desodorantes ropa interior, suéteres y bermudas. Su negocio lo inició, cuando llegó desplazada de su pueblo natal, buscando oportunidades de vivir en paz y de generar ingresos, con el fin de sacar adelante a su familia, conformada por su cónyuge y sus 5 hijos hoy en las edades de 4 a 17 años. Inicialmente compró 2 lavadoras y posteriormente aprovechó su clientela doméstica para venderle productos mediante guías especializadas o catálogos. Glenys para empezar acudió a créditos onerosos que le prestaron en el barrio, personas dedicadas a esta actividad y que gradualmente ha ido saliendo de ellos, con su espíritu de trabajo forzado. En la actualidad planea vincularse a la Fundación Mario Santo Domingo, para capitalizarse mediante su credikiva, a más bajo interés. Este es la primera vez que accede a los beneficios de esta organización y con el credikiva, comprará lavadoras y mercancías variadas para atender su demanda de fin de año, que usualmente se incrementa y le permite ganar mas dinero, que en las otras temporadas, razón por la cual quiere aprovecharla una vez mas.

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
  • 179
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,925.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Glenys to buy washing machines and various merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2011
Listed
Dec 27, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012