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Libia Esther
Libia has three children whose ages range from 13 to 29. She owns a business selling plastic bags in all sizes, an activity she started when her children were little. She became unemployed and she was separated so she had to find alternative ways to generate household income. Initially she worked as an employee in a firm but when they closed it she took her savings from her severance pay and invested it into her plastic bag business. Since then, her development as an independent, autonomous woman has led to her children being educated and every day she plans to make it grow in search of better opportunities for success for all of her family.

Her Kiva loan is the first financing she’s had from Fundación Mario Santo Domingo which she’ll use to buy larger amounts of plastic bags in order to qualify for volume purchase discounts and pass on the savings to her customers. Her goal for later on is to have a refreshments business with an Internet Café to take advantage of the commercial location of her house which is located on a corner where many potential customers pass by.
View original language description ↓
Libia tiene 3 hijos en las edades de 13 a 29 años; ella es la propietaria de un negocio a través del cual vende bolsas plásticas de todos los tamaños, actividad que inició desde cuando sus hijos estaban pequeños, quedó desempleada y en condición de separada, debió buscar alternativas para generara ingresos para su hogar; inicialmente fue operaria en una empresa pero como la cerraron, tomó sus ahorros productos de la liquidación y los invirtió en su hoy negocio de bolsas plásticas. Desde entonces su desempeño como mujer autónoma e independiente ha logrado que sus hijos se eduquen y cada día planea en hacerlo crecer, con el fin de buscar mejores oportunidades de éxito, para toda su familia. Su credikiva es el primer financiamiento que hace ala Fundación Mario Santo Do mingo, con el comprará en mayor cantidad bolsas plásticas, para lograr descuentos por compras de contado y en mayor volumen, y trasladar los precios a sus clientes. Su meta mas adelante es tener un negocio de refresquería, con café internet para aprovechar la ubicación comercial de su vivienda, que se encuentra en una esquina por donde se pasean muchos potenciales clientes.

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
  • 176
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,805.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Libia Esther to buy plastic bags.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 30, 2012
Listed
Feb 5, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013