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Libis
Libis is 27 years old, she owns a bakery that she started in 2009 by own initiative because she learned the technique and liked working on it, to generate income and help in the well-being of her home, formed by her husband and young son. She started with small capital from a third party loan at high cost, she made pudding from orders and then started adding other delicious desserts, then added cookies and lastly she started producing bread, selling them amongst neighboors. As her clientele grew because of the variety and quality of her products, she has been able to stay in the market and help with the home expenses. Her goal is to own a house and a business location of good size so she can sell from a location with lots of traffic. She is currently applying for her first credikiva, also the first one from Fundacion Mario Santo Domingo, with it she will buy at wholesale ingredients such as flour, eggs, caramel, crystallized fruit, salt, sugar, yeast and essences to increase production due to growth in demand. Her investment will be successful, because it will enable her negotiating skills to get better prices for her ingredients and because this type of business is well known and she needs to expand her client potential.
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Libis de 27 años de edad, tiene un negocio de panadería que inició en el año 2009 por iniciativa propia, ya que aprendió la técnica y le quedó gustando el ejercicio de ella, para generar ingresos y apoyar el bienestar de su hogar conformado por su esposo y su pequeño hijo menor de un año. Ella inició, con un pequeño capital prestado por particulares a alto costo, haciendo pudines por encargos a los cuales les adicionó los deliciosos postres, agregó galletas y por último incursionó en la producción de panes, vendiéndolos entre sus vecinos. En la medida en que su clientela se incrementó, debido a la variedad y calidad de sus productos, ha logrado sostenerse en el mercado y apoyar los gastos de su hogar. Su meta más adelante es tener una casa propia y un local de un buen tamaño, para comercializar en un punto de gran movimiento. En la actualidad está aplicando a su primer credikiva, también primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará en mayor volumen, materias primas como harina, vitina, huevos, arequipe, frutas cristalizadas, sal, azúcar, levadura y esencias, para aumentar su producción, debido a su creciente demanda. Su inversión tendrá éxito, porque le genera capacidad negociadora para obtener mejores precios en sus materiales de preparación y porque es muy reconocido este negocio y necesita expandirse a su potencial clientela.

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
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,762.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Libis to buy wholesale raw materials such as flour, eggs, caramel, crystallized fruit, salt, sugar, yeast and essences.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2012
Listed
Mar 20, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013