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Herlinda
Herlinda lives to the south of the city and works in recycling. She sells paper in a market that she knows very well and that drives her potential for growth. Herlinda buys waste paper from the businesses in the duty-free zone of the city. She selects them, and she sells those that are in good condition to various customers in the district and to furniture stores and glass stores, which use them to wrap their merchandise. Her goal for the future is to have a well-outfiitted shop where she can carry out this activity effectively. Her greatest challenge is insufficient working capital to make purchases when she has the opportunity and could get many discounts. With her business, she has managed, along with her husband, to create well-being in their household, and she has a great determination to increase her income, making it grow through her work. She is now applying for a Kiva loan, her first financing from Fundación Mario Santo Domingo, with which she will buy paper in large volume and sell it in the present market, which is waiting for her to respond to their orders.
View original language description ↓
Herlinda vive al sur de la ciudad y se dedica al reciclaje; ella vende papel en un mercado que conoce muy bien y que impulsan su potencial de crecimiento. Herlinda compra desechos de papel en las empresas de la zona franca de la ciudad, los selecciona y los que están en buen estado los vende a diferentes clientes del sector y a almacenes de muebles y de vidrios que lo utilizan para envolver sus mercancías. Su meta mas adelante es lograr tener un local bien adecuado, para el desempeño efectivo de esta actividad; su mayor desafío es el insuficiente capital de trabajo para hacer sus compras de oportunidad, con la cual ganaría muchos descuentos. Con su negocio ha logrado en compañía de su esposo generar bienestar para su hogar y tiene un gran empeño de aumentar sus ingresos, haciéndolo crecer mediante su trabajo. En la actualidad está aplicando a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará papel en mayor volumen y lo venderá el su mercado actual, el cual está esperando que responda a sus pedidos.

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

  • $11,100
    Average annual income
  • 502
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,785.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Herlinda to buy paper in greater volume.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2012
Listed
Feb 17, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013