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Nidia
Nidia, age 49, is the owner of a pub, which includes a snack and foodstuffs store. She has always had a motivation for business. When she started she did so with a restaurant together with her brother-in-law. They also sold cold drinks there.

She realized that the greatest volume of their sales was for beer and liquor rather than food. She then decided to undertake a pub. Her business partner went to another city, and she returned the capital that her partner had invested.

She currently works with help from a very trustworthy friend. She added the sale of basic needs items along with her drink and liquor sales. This way the store gets the greatest movement from Monday through Friday, while her pub gets the greatest movement on Fridays to Sundays and holidays.

Her goal for later on is to convert her store into a warehouse where small businesses and sellers are able to stock up on basic needs products. This would avoid the expense for transportation.

She is now applying for a Kiva loan, her first loan with the Fundación Mario Santo Domingo. She will use the loan to buy snacks, foodstuffs, drinks, and liquor in greater volume. This way she will be getting provisions for the holidays and increasing the inventory in her store. The success of this investment stems from the fact that she gets discounts for buying in volume. She also wins because the cost of the products she stocks up on, like basic needs items, are always rising. This favors her income, stabilizes her prices, and allows her to take special care of her customers.
View original language description ↓
Nidia de 49 años de edad es la propietaria de un estadero que incluye tienda de ranchos y víveres. Ella siempre ha tenido espíritu empresarial, pues cuando se inició lo hizo con un restaurante en compañía de su cuñado y allí también vendían bebidas frías. Ella se dio cuenta que el mayor volumen de sus ventas estaba en el consumo de cervezas y licores que en comidas, entonces decidió emprender un estadero porque su socio se fue a otra ciudad y ella le devolvió el capital que este había invertido. En la actualidad trabaja apoyada con un amigo de mucha confianza porque adicionó la venta de artículos de la canasta familiar, a un lado de su venta de bebidas y licores; así el mayor movimiento lo hace la tienda de lunes a viernes, mientras en su estanco el movimiento es de viernes a domingo y días festivos. Su meta más adelante es convertir su tienda en un depósito, donde pequeños negocios y ventorrillos, puedan surtirse con productos de la canasta familiar, evitando el gasto generado por el transporte. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará en mayor volumen, ranchos, víveres, bebidas, licores, provisionándose así, para los días festivos y aumentando sus inventarios en la tienda. El éxito de esta inversión radica en que gana descuentos por compras en volumen y gana también con la provisión de productos, que permanentemente aumentan, como los de la canasta familiar y esto favorece sus ingresos, estabiliza sus precios y genera un especial cuidado en su mercado de clientes.


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
  • 469
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    Funds lent in using Kiva
  • 1,760.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Nidia to buy snacks, foodstuffs, drinks, and liquor in greater volume.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2012
Listed
Mar 17, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012