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Luz Vivinda
Luz, 32, has two children, who are four and nine. She started working as a merchant 12 years ago in a town located 30 minutes from Barranquilla; with the assistance of her mother in law, she moved to this city and built up a little money with which to work and, together with her husband, to support their children. Her current business consists of selling cleaning products, although she has also added a great variety of merchandise and beauty products, which she promotes through specialized guides and catalogs. As she is a hardworking women, she also generates additional income by selling food, especially fish. Her desire to expand has led her to seek a Kiva loan, her first financing with the Fundación Mario Santo Domingo. She will use the money to buy cleaning products, such as detergents, disinfectants, washcloths, and brushes, and she expects the investment to be a success, since it is based on orders from her clients and will allow her to rotate her inventory more rapidly. Her dream to get ahead is to have a shop selling cleaning products by wholesale, as well as selling them retail, person to person, as she has done up to now.
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Luz de 32 años de edad y tienen 2 hijos en las edades de 9 y 4 años. Como comerciante inició hace 12 años en un municipio ubicado a 30 minutos de la ciudad de Barranquilla; apoyada por su suegra se trasladó a esta ciudad y ha logrado hacer un pequeño capital con el que trabaja y junto a su esposo, logran el sustento de sus hijos. Su actual negocio consiste en la venta de productos de aseo, aunque también ha adicionado gran variedad de mercancías y artículos de belleza, los cuales son promocionados mediante guías especializadas o catálogos. Como es una mujer trabajadora también genera ingresos adicionales con la venta de comida especialmente de pescado. Su empeño de crecimiento, la llevan a decidir acceder a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará productos de aseo, como detergentes, desinfectantes, traperos, escobas, inversión que supone un éxito, porque está fundamentada en pedidos de sus clientes y así rotará mas rápidamente sus inventarios. Su meta mas adelante, es tener un local comercial para vender los productos de aseo al por mayor y continuar vendiendo al detal, persona a persona como hasta ahora lo hace.

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
  • 291
    View loans »
    Colombia Loans Fundraising
  • $13,948,100
    Funds lent in using Kiva
  • 1,762.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Luz Vivinda to buy cleaning products, such as detergents, disinfectants, washcloths, brushes, etc.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2012
Listed
Mar 16, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 20, 2013