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Fanny
Fanny, 58, has two children who are 25 and 27 years old. In 1987 she left work in a condiment firm in the city to take care of her children. Since then she started buying cosmetics and blouses that she’d raffle off to earn income and help cover family expenses while tending to her home. Gradually she started to sell assorted merchandise to her main clientele. It was usually her former coworkers that she’d sell to on credit that they’d pay off in installments. This is how she formed her first portfolio of customers. She gradually added new products like shoes to have new sales lines. In 1990 she settled in the town of Barrancas, leased an oven in a store and worked for 7 years.

When she returned to the city of Barranquilla she built her own house, bought a display case and with the money she had left over bought merchandise that she used to stock her small sales point. She gradually became associated with firms that promote and sell products via catalogue. She also has another income generating activity which is making and selling desserts and hayacas [type of tamal wrapped in banana leaves]. With this activity she’s managed to provide her two children with schooling and she dreams with seeing them become successful professionals.

Currently, her growing clientele is asking for more products every day and her working capital is insufficient to meet demand which is the reason why she’s calling on a Kiva loan, her first financing from Fundación Mario Santo Domingo that she’ll use to buy perfume, underwear and ingredients to make hayacas and desserts. Her work experience, her dynamism and her determination to grow are today the reasons why her Kiva investment will be successful.
View original language description ↓
Fanny de 58 años, tiene dos hijos en las edades de 25 y 27 años; en el año 1987 se retiró de una empresa de condimentos de la ciudad para responder a la atención y cuidado de sus hijos, desde ese momento empezó a comprar cosméticos y blusas, con las cuales hacia una rifa para lograr ingresos y apoyar el gasto familiar, mientras atendía su hogar. Gradualmente empezó a vender mercancía variada y su principal clientela, fueron sus antiguos compañeros de trabajo a quienes les acreditaba mercancía, para que se la pagaran en varias partidas; así fue como hizo su primera cartera de clientes, a los que fue agregando nuevos productos paso a paso como, calzado para tener nuevas líneas de ventas; en el año 1990 se trasladó al municipio de Barrancas, le alquiló el horno a una tienda y trabajó por espacio de 7 años. Al regresar a la ciudad de Barranquilla construyó su propia casa, compró una vitrina y con el dinero que le quedó, compró mercancía con la que surtió su pequeño punto de ventas, gradualmente se fue vinculando a empresas que en su proveeduría, entregaban catálogos para la promoción y venta de sus productos, así mismo tiene otra actividad que también genera ingresos como es la preparación y venta de postres y hayacas. Con esta actividad ha logrado dar estudio a sus dos hijos y sueña con verlos convertidos en profesionales exitosos. En la actualidad su creciente clientela pide cada día mas productos y ante esto su capital de trabajo se torna insuficiente para lograrlo, esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante la cual comprará perfumes, ropa interior e insumos para la producción de hayacas y postres. Su experiencia en el trabajo, su dinamismo y su empeño en crecer, son hoy las razones de que su inversión de Kiva sea exitosa.

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
  • 269
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,760.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Fanny to buy perfume, underwear and ingredients to make hayacas and desserts.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2012
Listed
Mar 17, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2013