Check out some available loans that are similar to this one!
Marlene
48 year old Marlene is a married woman who has four children, ages 17 to 28 years. She lives in the county of Soleded, 15 minutes from the city of Barranquilla. There she has a shop where she sells food, provisions, and goods from the family shopping cart. She started her business 23 years ago, when she met her husband, proprietor of the store, and she decided to help him with the daily sales work from then until today.

With this business they have been able to sustain their family, and they are very happy about that. They make their sales daily by payment on delivery, and with a few loans and their purchases they make the payments. They offer many diverse items in their shop, like oil, rice, flour, sugar, coffee, drinks, vegetables, and meat.

Right now they are planning their store's expansion, including having miscellaneous items in their display, like accessories, home goods, paper items, etc, but their business capital is insufficient for large-scale purchase to get important discounts.

This is why they are getting a Kiva loan, the first loan they have done with the Maria Santo Domingo Foundation, through which they will purchase varied merchandise, shoes, cosmetics, soaps, accessories for the home and paper goods, since their goal is to be able to have their own store location, which would be well-located to sell miscellaneous products especially and have new opportunities for income, which would benefit the development and wellbeing of their family.
View original language description ↓
Marlene de 48 años es una mujer casada que tienen 4 hijos en las edades de 17 a 28 años. Ella vive en el municipio de Soledad a 15 minutos de la ciudad de Barranquilla, allí tiene una tienda donde vende ranchos, víveres y artículos de la canasta familiar. Su negocio inició hace 23 años, cuando aprendió de su esposo, propietario de la tienda y ella decidió ayudarlo en la tarea rutinaria de vender hasta el día de hoy. Con este negocio han logrado el sostenimiento de su familia y de ello se sienten muy satisfechos. Sus ventas las realizan diariamente de contado y con algunos pocos créditos y sus compras la realizan de contado. En su tienda ofrecen diversos productos como aceite, arroz, harina, azúcar, café, refrescos, verduras y carnes. En la actualidad planean su crecimiento incluyendo en su exhibidor artículos de misceláneas, como adornos femeninos, detalles para el hogar, útiles de papelería etc. pero su capital de trabajo resulta insuficiente para comprar en volumen y ganar descuentos importantes. Esta es la razón por la cual acuden a su credikiva, primer financiamiento que hacen a la Fundación Mario Santo Domingo, mediante el cual comprará mercancías variadas, calzado, cosméticos, jabones, accesorios femeninos para el hogar y útiles de papelería, pues su meta mas adelante es lograr tener un local independiente de su tienda, que se encuentre bien ubicado para vender especialmente productos de miscelánea y generar una nueva oportunidad de ingresos que beneficien el desarrollo y bienestar de su familia..

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
  • 465
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,761.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Marlene to buy varied merchandise, shoes, cosmetics, soaps, feminine accents for the home, and paper goods.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 29, 2012
Listed
Mar 24, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013