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Sandra
Sandra is married and lives in the city of Cartagena with her husband and three children, who are between the ages of 10 and 19 years old. She has been working with the Fundación Mario Santo Domingo for 12 years, since she started out in the group solidarity programs, where she received two loans to strengthen her business of frozen foods and merchandise sales, especially shoes. She got the idea for her business from her mother-in-law when they moved to the city and she decided to sell rice pasteles [similar to a tamale]. When her mother-in-law left the business, Sandra took advantage of the situation and took on her mother-in-law’s customers. She continued that business and also added the frozen foods, which she still sells. For a while she was fighting an illness, but she has recuperated with time and now she is requesting a new loan strengthen her frozen foods business because she has a lot of orders but not enough working capital to respond to her customers. She also generates income through the sale of merchandise; she has orders for shoes and she needs to respond to new orders so she can capitalize more on her business. This is why she is requesting her first loan with Kiva. She will use it to buy raw materials and ingredients for preparing foods, and shoes, which she sells through specialized catalogs. She has some orders that came with discounts, which she will pass on to her customers so they will remain loyal.
View original language description ↓
Sandra es una mujer casada que vive en la ciudad de Cartagena con su esposo y sus tres hijos en las edades de 10 a 19 años. Ella está vinculada a la Fundación Mario Santo Domingo hace 12 años, cuando empezó en el programa de grupos solidarios y en esa modalidad recibió dos financiamientos, para fortalecer su negocio de congelados y venta de mercancía, especialmente calzado. La idea de negocio surgió de su suegra cuando llegaron a la ciudad y decidió vender pasteles de mása y arroz. Cuando su suegra dejó el negocio Sandra aprovechó esta coyuntura y abordó la antes clientela de su suegra, para continuar con este oficio y agregó los congelados, que aun vende. Durante algún tiempo vivió el desafío de una enfermedad, pero se ha recuperado en el tiempo y hoy acude a un nuevo financiamiento para fortalecer su negocio de congelados, pues tienen muchos pedidos y no un suficiente capital de trabajo para responder a su clientela. Así mismo como también genera ingresos mediante la venta de mercancías, tiene encargos de calzado y necesita responder a nuevos pedidos, para capitalizar cada vez más su negocio. Esta es la razón por la cual acude a su primer credikiva, mediante el cual comprará materias primas e inusmos para la preparacion de alimentos, calzado, que promocionó mediante guías especializadas y tiene pedidos sobre los que vinieron con descuentos, que trasladará a los precios de venta para sostener fiel a su 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

  • $11,100
    Average annual income
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,760.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Sandra to buy raw materials and ingredients for preparing foods, and shoes, which she has orders for.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 9, 2012
Listed
Mar 18, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 18, 2013