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Teresa
56-year-old Teresa is a married woman who has two children aged 28 and 36. She has been selling cosmetics in Atlántico department for 10 years and used to carry out the same business when she lived in the country's capital city. Teresa currently lives together with her husband as her two children are living in other cities in Colombia. She makes income from her own business selling perfume and vegetables to a market consisting of housewives and small businesses. She makes her sales for cash and on credit. As her customer base continues to grow, her working capital is not enough to respond to her buyers in a timely manner. For this reason, she is requesting a Kiva loan (her first loan from Fundación Mario Santo Domingo) to buy vegetables and a variety of merchandise including cosmetics and perfume. She has specialized product catalogs which she uses to promote and sell her products. Teresa will make a successful investment with her Kiva loan because she sells to order. This guarantees her a quick sales turnover and she enjoys special discounts which makes her more profits on her sales. Her goal for the future is to own her own home so that she can reduce her rental expenses and live more peacefully with her family.
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Teresa de 56 años es una mujer casada que tiene 2 hijos en las edades de 28 y 36 años y se dedica al comercia de productos cosméticos desde hace 10 años en el departamento del Atlántico, así como lo hacia cuando vivió en la capital del país y se dedicaba a esta misma actividad. En la actualidad Teresa vive con su cónyuge pues sus dos hijos están radicados en otras ciudades de Colombia mientras ellos generan ingresos a parir de su propio negocio vendiendo perfumes y legumbres en un mercado compuesto por amas de casa y pequeños negocios, a quienes les vende de contado y a crédito. Como cada día su clientela crece, su capital de trabajo no es suficiente para responderle oportunamente a todos sus compradores, por eso ha acudido a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará legumbres, mercancías variadas como cosméticos perfumes, y otras mercancías que en esta oportunidad trae las revistas especializada de productos, mediante la cual promociona lo que vende. Con su credikiva logrará una inversión exitosa, porque lo hace sobre pedidos, que garantizan una rotación rápida de sus ventas y con descuentos especiales que agregan valor a su venta. Su meta mas adelante es tener su propia casa y para disminuir los gastos de arriendo del hogar y disfrutar de mayor sosiego familiar.

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
  • 468
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Teresa to buy vegetables, perfume and cosmetics.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2012
Listed
Feb 22, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013