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Mercedes
Mercedes, 66, lives with her husband and they have two children who are 29 and 30 years old. She’s been a merchant since 2004 when she started selling assorted merchandise on credit among her friends and neighbors in her own neighborhood. As time went by she saved up to buy a display case to arrange and display her wares and gradually her business became a general store that grew into what it is today. She sells a wide selection of clothes, footwear and miscellany in a sales point in her own house. Her dream is to continue consolidating so that her daughter can inherit it and perfect it.

She is currently requesting a Kiva loan, her first financing with Fundación Mario Santo Domingo that she’ll use to buy a display case to modernize her business and give it a better appearance; she will also buy merchandise to stock it and offer new items. Her experience and market potential insure this investment’s success.
View original language description ↓
Mercedes de 66 años de edad, vive con su esposo y tienen 2 hijos en las edades de 29 y 30 años. Ella es comerciante desde el año 2004, cuando vendía mercancía variada, la cual distribuía a crédito entre amigos y vecinos de su propio barrio. Con el correr del tiempo ahorró para comprar una vitrina, ordenar y exhibir sus productos y poco a poco su negocio se fue convirtiendo en una miscelánea que creció, como hasta hoy, en la que ofrece un diverso surtido de ropa, calzado y variedades, en un punto comercial en su propia casa. Su sueño es continuar consolidándolo para que su hija lo herede y lo perfeccione. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará una vitrina, para modernizar su negocio y darle una mejor presentación, así como también invertirá en mercancía para surtirla y ofrecer nuevas mercancías; así su experiencia y su potencialidad en el mercado, hacen de esta inversión todo un éxito.

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
  • 507
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,762.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Mercedes to buy merchandise and a display case.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2012
Listed
Mar 16, 2012
Currency Exchange Loss:
Covered
Ended:
May 19, 2014