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Monica
Mónica is 46, and lives with her partner. She has an 18-year-old son, and she dreams of seeing him become a very successful person. That is why she works tirelessly to be able to support him.

She started her business of selling fast-foods because she needed to generate her own source of employment, but as she did not have enough working capital, she resorted to a partnership, which didn't go very well, and that's why she went independent in another location with her own clientele, which is growing a lot every day.

Her great challenge is to locate herself again in the spot which, when she was part of the partnership, had increased in value; because in addition to it being very well-known, it is in a busier area.

Currently she is experimenting with new products such as lunches and meals, and it's going very well. But her working capital is insufficient to make major purchase that offer discounts, and through which she can aspire to increase her sales. This is the reason why she is applying for her credikiva loan, the first she is getting from the Fundación Mario Santo Domingo.

Through the loan, she will buy ingredients and supplies in order to fill her daily lunch orders, which she sells in advance. This will enable her to build up her income, because her fast-food sales are only on weekends.

This is precisely how this investment will succeed, as through it, she aspires to earn a bit more; she will increase her earning capacity and her financial sustainability.
View original language description ↓
Mónica de 46 años, vive con su cónyuge y tiene un hijo de 18 años de edad, con quien sueña verlo convertido en una persona de mucho éxito, por eso trabaja persistentemente para poder apoyarlo. Ella inició su negocio de vender comidas rápidas, por la necesidad de generar su propia fuente de empleo, pero como no tenia capital de trabajo suficiente, recurrió a hacer una sociedad en la que no le fue muy bien y por eso se independizó en otro lugar con su clientela, que cada día crece mucho más. Su gran desafío es ubicarse nuevamente en el punto que se había cotizado, cuando formó parte de la sociedad, porque además es muy conocida y tiene mayor movimiento. En la actualidad está experimentando con nuevos productos como almuerzos y comidas y le está yendo bien, pero su capital de trabajo no es suficiente para hacer compras significativas, que le representen descuentos y con los cuales pueda aspirar al aumento de su oferta. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, mediante el cual comprará materias primas, e insumos, para responde a sus pedidos de almuerzos diarios, producto de su preventa y fortalecer su ingreso, porque el de las comidas rápidas, es solo los fines de semana. Esta es justamente el éxito de esta inversión, pues con ella aspira a ganar un poco mas aumentará su capacidad de ingresos y aumentará su sostenibilidad financiera.

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
  • 388
    View loans »
    Colombia Loans Fundraising
  • $14,624,375
    Funds lent in using Kiva
  • 1,755.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Monica to buy ingredients and supplies in order to fill her daily lunch orders.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2012
Listed
Mar 29, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013