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Olga
Olga, 69, is a mother of two that makes and sells sweets in the city of Barranquilla. Her main product lines are coconut and sesame seed sweets, which she started back in the 1960s with her husband, who later left the factory to Olga and their son. Later in 1990 she formed her microenterprise and gave it her own name. Her microenterprise serves a different market than her husband's and is well positioned in the city. Her business has a great growth potential and there is also a growing market. Both factors continuously create the need to inject working capital to her business. That is why she works with Fundación Mario Santo Domingo, where she has so far received 9 credits that have allowed her to expand her well-being. She has also been trained and likes to participate in the institution's programs. With her credikiva, the 10th loan she will obtain from this institution, she will purchase supplies such as compacted molasses (panela) and sugar, which will help her expand her production during the highest demand season, i.e., Christmas and New Year. Her greatest challenge is to have specialized equipment in order to have a more automatized production and she is getting ready to purchase it in the future.
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Olga de 69 años de edad tiene 2 hijos y es una mujer dedicada a la preparación y venta de dulces en la ciudad de Barranquilla. Las principales líneas de productos son los dulces de coco y de ajonjolí, el cual inició desde la década del 60 con su esposo quien dejó la fámula a Olga y a su hijo. Para luego en el año 1990 dar nacimiento a su microempresa que lleva su propio nombre atendiendo un mercado diferente al de su esposo, en el que se ha posicionado en la ciudad. Su negocio tiene un gran potencial de crecimiento y su mercado también creciente le plantea permanentemente la necesidad de aplicarle capital de trabajo, por eso está vinculada a la Fundación Mario Santo Domingo, donde ha recibido 9 financiamientos que le han permitido aumentar su bienestar , donde se ha capacitado, porque ella es una muy participativa de los programas de esta organización; con su credikiva, décimo crédito que hace a la Fundación Mario Santo Domingo, comprará materia prima como panela, azúcar, con el fin de aumentar su producción en la época de mayor demanda del año, las navidades y el recibimiento del nuevo año. Su mayor desafío es tener una máquina especializada que le permita tecnificar sus procesos y a futuro se prepara para adquirirla.

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
  • 246
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,942.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Olga purchasing supplies such as sugar and molasses.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2011
Listed
Dec 30, 2011
Currency Exchange Loss:
Covered
Ended:
May 17, 2013