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Martha Consuelo
44-year-old Martha is a married woman with three children who are between 5 and 12 years old. She makes income through her daily work in a store that she owns where she sells snacks, food products and soft drinks. She started her business as a way of making additional income to put together with that made by her husband who works as a taxi driver in order to provide for their family's well-being. In addition, she wanted a job that would allow her to be at home close by her children while they are at an age when she needs to educate them and care for them, especially one of them who is disabled.

Martha started out in her business selling soft drinks but gradually, using her savings, she stocked it with a variety of other goods. Every day she has new customers and she needs to keep her store stocked with a variety of products that she sometimes does not have. This is why she is applying for a Kiva loan (her first loan from Fundación Mario Santo Domingo). She will use the money to buy oils, pasta, grains and other products that her customers buy every day and which experience a very quick turnover. As a result of this investment, she will be able to maintain her stock levels and respond effectively to her customers. The biggest challenge she faces in her business is not having enough working capital to meet her permanent demand. This is why her investment will be successful.
View original language description ↓
Martha de 44 años de edad es una mujer casada que tiene 3 hijos en las edades de 5 a12 años. Ella se dedica a generar ingresos mediante su actividad diaria en una tienda de su propiedad, donde vende ranchos, víveres y refrescos, negocio que emprendió como una alternativa de obtener ingresos adicionales a los que genera su esposo, para el bienestar de su hogar en su actividad de taxista, además de permitirle estar en casa, cerca a sus hijos en estas edades, en las cuales debe educarlos y cuidarlos especialmente a uno de ellos con discapacidad. Su negocio inició vendiendo refrescos, pero poco a poco con sus ahorros fue surtiéndolo de artículos variados; hoy todos los días tienen nuevos clientes y debe mantenerlo surtido, con variedades de productos que en ocasiones no tiene, esta es la razón por lo cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará aceites, pastas, granos y otros productos, que son exigencias diarias de sus clientes y rotan muy rápidamente. Con esta inversión mantendrá un inventario y podrá responder efectivamente a sus compradores. Su mayor desafío en el negocio, es que ante la demanda permanente, su capital de trabajo resulta insuficiente para responder a ella y allí radica el éxito de esta inversión.

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
  • 180
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,760.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Martha Consuelo to buy oils, pasta, grains and other products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2012
Listed
Mar 18, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2013