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Mary
Mary, 34, lives in Soledad, 20 minutes from Barranquilla, with her partner and their two children, 5 and 10 years old. Mary generates an income from a business in which she sells assorted merchandise, which she promotes through specialized catalogs and she buys the products with cash and on credit. What she makes on the sales does not allow her to pay with money that she has on hand. This is because she makes the sales to her customers on credit with adjustable terms depending on what they can pay. Her goal is to finish fixing up her house and that is why she works tirelessly in her own business. She also does household chores to help other family members. She started the business to support her household; previously only her partner covered the expenses.
Mary is applying to CrediKiva, the first loan that she requests from the Mario Santo Domingo Foundation, and she will use it to buy beauty products, lingerie, perfume, and merchandise on request. Her biggest challenge is to have enough working capital to fill the orders and to be able to buy with cash. Kiva will help her succeed with the investment.
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Mary de 34 años de edad vive en el municipio de Soledad a 20 minutos de la ciudad de Barranquilla, con su cónyuge y sus 2 hijos en las edades de 5 y 10 años. Mary genera ingresos a partir de un negocio mediante el cual vende mercancías variadas, las cuales promociona mediante guidas especializadas de productos y compra de contado y a crédito, porque su recuperación no le alcanza para hacerlo con el dinero en la mano, debido a que sus ventas son a créditos y en plazos ajustados a las necesidades de su clientela. Su meta es terminar de adecuar su vivienda y por eso trabaja incansablemente en su propio negocio y también en otras tareas con las que apoya a otras familias, en el desempeño de sus actividades domésticas. Su idea de negocio inició para apoyar el sustento de su hogar, antes solamente en manos de su cónyuge. Mary está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará productos de belleza, ropa interior, perfume y mercancía por encargo. El Mayor desafío es tener el capital de trabajo suficiente para responder a su demanda y comprar de contado y con Kiva lo logrará, este es justamente el fundamento de su éxito en 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

  • $11,100
    Average annual income
  • 472
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,758.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Mary to buy beauty products, lingerie, perfume and merchansdise that has been requested.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2012
Listed
Mar 29, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013