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Griseld
Griselda is 39, and lives in the beautiful city of Cartagena, located on the shores of the Caribbean. It is the second most important urban center on the Colombian Caribbean Coast, after the city of Barranquilla.

Griselda is a businesswoman who started her business supported by her father, who sent her stationery products to sell. It has gone very well, and gradually she has been adding the line of clothing and footwear. In this way she has diversified her product lines and expanded her market, visiting companies and attracting the attention of employees, who are today her main customers.

She extends them credit for the purchase of her products and they pay her back in bi-weekly or monthly installments, in accordance with the terms agreed upon in each case.

Griselda joined the Fundación Mario Santo Domingo a year ago, and received her first loan, through which she succeeded in increasing her business, because she increased her purchasing capacity and customer approval. Now she wants to continue with this plan, and is applying for her credikiva loan, which she will use to stock her business with women's accessories, footwear and clothing, that has already been ordered by her customers.

Her goal is to someday have a boutique in some well known shopping center in the city, but her great challenge is the insufficient working capital she has for achieving this. With her investment, she will succeed in responding to her customers appropriately, and increase her working capital a bit more. Her business is very popular in the market, and this is exactly what is needed for future success.
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Griselda de 39 años de edad vive en la hermosa ciudad de Cartagena, ciudad localizada a orillas del mar Caribe y segundo centro urbano en importancia de la Costa Caribe colombiana, después de la ciudad de Barranquilla. Griselda es una mujer comerciante que inició su negocio, apoyada por su padre quien le mandó productos de papelería para la venta con los que le fue muy bien y gradualmente ella ha ido agregando la línea de ropa y calzado, con las cuales ha diversificado sus líneas de producto y expandido su mercado, visitando empresas y captando la atención de empleados que hoy son sus principales clientes, a quienes des da crédito por la compra de sus productos y ellos le pagan en partidas quincenales o mensuales, de acuerdo el plazo acordado con cada uno. Griselda hace un año ingreso a la Fundación Mario Santo Domingo y recibió su primer financiamiento, con el que logró aumentar su negocio, porque incrementó su capacidad de compra y con ello el reconocimiento de sus clientes. Hoy quiere continuar con este esquema y está aplicando a un credikiva, con el cual surtirá su negocio con la compra de accesorios femeninos , calzado y ropa, que ya tiene encargada por sus clientes. Su meta mas adelante es tener una boutique en algún centro comercial famoso de la ciudad, pero su gran desafío es el insuficiente capital de trabajo con el que cuenta para lograrlo. Con su inversión logrará responder oportunamente a su clientela y aumentar un poco mas su capital de trabajo pues tiene una gran aceptación en el mercado y esta es justamente una condición de éxito futuro.

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
  • 267
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,760.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Griseld to buy women's accessories, footwear and clothing.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2012
Listed
Mar 18, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 18, 2012