Check out some available loans that are similar to this one!
Madeleine Maria
Madeleine is 43 years old, married, and has three children with ages ranging from 11 to 17 years old. She has a motorcycle parts store, a business she started with her husband's friend nine years ago. At the time, her husband's friend contributed most of the funds while she and her husband provided the locale and administration of the business. Three years ago, their associate decided to invest in a different activity and sold his stake for them to continue with the store.

At present, their business provides them with what they need to support their home. They also earn commissions from motorcycle sales, which her husband is responsible for. Their business is mostly known for their good relationship with their surroundings, customers, and suppliers. As their clientele has grown, they have found their working capital to be insufficient. This is the reason why they have requested a credit, their first with the Mario Santo Domingo Foundation. The loan will be used to buy tires, inner tubes of tires, and luxury accessories. She finds that these products have the highest turnover and she needs additional inventory to effectively meet her customers' demand.

The strength of this business lies in its strategic location, which can potentially increase their sales since it lies in principal avenue of the San Juan Nepomuceno municipality in the department of Bolivar.
View original language description ↓
Madeleine de 43 años, es una mujer casada que tiene 3 hijos en las edades de 11 a 17 años. Ella tiene un almacén de repuestos para motocicletas, actividad comercial que inició con un compadre de su esposo, con quien emprendió este negocio hace 9 años, cuando su compadre aportó la mayor parte del dinero y ella y su esposo el local y la administración del mismo. Desde hace 3 años su antiguo socio decidió invertir en otra actividad y le vendió su parte, para que su esposo y ella continuaran con el almacén. En la actualidad su negocio le produce lo necesario para el sostenimiento del hogar y se dedican también a ganar comisiones por la venta de motocicletas, actividad en la que está totalmente encargado su esposo. En su negocio lo mas representativo, son las buenas relaciones que tienen en su entorno, con sus clientes y proveedores, pero en la medida en que su clientela crece, su capital de trabajo resulta insuficiente, esta es la razón por la cual acude a su credikiva, primer crédito que hace a la Fundación Mario Santo Domingo, con el cual comprará, llantas, neumáticos , accesorios de lujos, pues son los productos de mayor rotación y que requiere tener un inventario adicional, para responder efectivamente a su clientela. La fortaleza de este negocio es su estratégica ubicación, lo que potencializa el incremento de su venta, pues queda en la avenida principal del municipio de San Juan Nepomuceno, municipio del departamento de Bolívar.

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
  • 283
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,766.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Madeleine Maria to buy tires, inner tubes of tires, and luxury accessories which are the products with highest turnover.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2012
Listed
Mar 21, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012