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Yarines
34-year-old Yarines lives in Soledad, Colombia and has a business selling cold drinks. She started this 5 years ago when she bought two crates of beer and a styrofoam container filled with ice. She would spend weekends and holidays selling beer, soft drinks and sodas to her neighbors. She gradually bought and sold larger quantities in cash, and her business grew. Today Yarines owns 27 crates but sells 70, because she borrows the others from the place where she buys the cold drinks.

Yarines' goal is to rent a well located premises where she can assemble a store, but her biggest challenge is the lack of working capital to achieve her dream. She is currently planning to buy a refrigerator for 500 bottles to increase her sales capacity, and this is the reason that she is seeking the loan.

This is her first loan with the Mario Santo Domingo Foundation. Yarines wants to take advantage of the carnival season which increases beer sales all over the city and throughout it's municipalities where the carnivals are held. This is one of the main cultural and folkloric festivals in the country.
View original language description ↓
Yaniris de 34 años vive en Soledad y se dedica a la venta de bebidas frías, desde hace 5 años cuando compró dos canastas de cerveza que le regalaron y una cava de icopor que llenaba con hielo los fines de semanas y festivos y vendía cervezas y gaseosas o sodas, a sus vecinos; poco a poco adquirió cajas en mayor cantidad y de contado y su negocio creció; hoy tiene 27 cajas y vende 70 , porque las otras se las prestan en el punto frio donde las compra. Su meta es arrendar un local bien ubicado donde pueda montar un estanco, pero su más grande desafío es la falta de capital de trabajo para lograr su sueño. En la actualidad está planeando comprar un enfriador de 500 botellas para aumentar su capacidad de venta, esta es la razón por la cual acude a su credikiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, aprovechando que en la temporada de carnavales las ventas de cervezas se incrementan en cualquier punto de la ciudad y de sus municipios donde se celebren los carnavales,una de las mejors fiestas culturales y folcloricas del país.

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
  • 552
    View loans »
    Colombia Loans Fundraising
  • $14,644,175
    Funds lent in using Kiva
  • 1,814.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Yarines to buy a refrigerator for 500 bottles to increase her sales capacity.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2012
Listed
Feb 7, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013