Check out some available loans that are similar to this one!
Mayerlin
Mayerlin is 23 years old. She is the owner of a bakery located in her neighborhood, in the city of Cartagena. She began this business 4 years ago when her family arrived in the city displaced and with little capital. Since she knew this business she decided to undertake it and now it is a big help to the family income upon which they depend.

Her goal going forward is to have her own facility to generate better income, but her working capital is insufficient to meet her anticipated growth. Currently she is asking for a Kiva loan, her first financing through the Fundación Mario Santo Domingo, with which she will buy flour, sugar, fats and various supplies, paying in cash and in greater volume to get a discount, plus a little bit of money to expand her production and this is how she will use the investment successfully. As well, with the delicious aroma that spreads out during the process, her customers will buy everything she prepares in her bakery and Mayerlin can repeat the popular proverb: “everything is selling like hot cakes,” indicating that things are moving along effectively.
View original language description ↓
Mayerlin de 23 años es la propietaria de una panadería ubicada en su barrio, de la ciudad de Cartagena. Ella inició con este negocio hace 4 años cuando con su familia llegó a esta ciudad desplazada y con poco capital. Como conocían este negocio decidieron emprenderlo y ahora es un gran apoyo a los ingresos familiares pues de ello dependen. Su meta mas adelante es tener un local propio generar mayores ingresos, pero su capital de trabajo es insuficiente para responder a sus expectativas de crecimiento. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará harina de trigo, azúcar, grasas e insumos varios, de contado y en mayor volumen para ganar descuentos, un poco mas de dinero y aumentar su producción y esto es lo que hace que la inversión sea exitosa, además de que, con el delicioso aroma que se extiende durante el proceso, su clientela comprará todo lo que prepare su panadería y Mayerlin puede repetir el adagio popular que dice: "se vende todo como pan caliente", para indicar que la rotación de un producto es efectiva.

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
  • 267
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,761.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Mayerlin to buy flour, sugar, fats and miscellaneous supplies, paying in cash and in greater volume to get a discount.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2012
Listed
Apr 9, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 18, 2013