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Ada Luz
Ada Luz, age 53, lives in a tradional neighborhood with her husband. She has a 28 year old daughter. She sells medicine at a rented spot in front of the city hospital.

She started her business 15 years ago with her own resources from her work as a nurse. She did this in order to support her family’s well-being and to contribute to the household expenses.

Her business location in front of the hospital is opportune for increasing her sales more and more, her profits, and her work capital to buy the medicines she needs. They are her greatest challenge because they do not have a sufficient turn around for her sales plan.

She is currently applying for her first Kiva loan with the Fundación Mario Santo Domingo. She will use the loan to buy medicine that turns around more quickly for her pharmacy.

Her goal is to increase her volume of sales and to keep her pharmacy well-stocked.

Her dream for later on is to have her own home. She focuses her efforts on this dream in order to have a more comfortable future.
View original language description ↓
Ada Luz de 53 años de edad vive en un tradicional barrio de la ciudad con su esposo y tiene una hija de 28 años. Ella vende medicamentos en un local arrendado, ubicado frente al hospital de la ciudad; su negocio inició hace 15 años, con recursos propios provenientes de su trabajo como instrumentadora, para apoyar el bienestar de su familia, contribuyendo con los gastos del hogar. La ubicación de su negocio frente a un hospital es oportunidad de incrementar sus ventas cada vez más y aumentar sus utilidades y su capital de trabajo para comprar las medicinas que se requieren, son su mayor desafío porque se torna insuficiente ante su propósito de ventas. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará medicina que tiene mayor rotación en su farmacia, con el fin de aumentar el volumen de sus ventas y mantener la farmacia siempre bien surtida. Su sueño mas adelante es tener una casa propia y en esto enfoca sus esfuerzos para lograr un mañana mas tranquilo.

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
  • 571
    View loans »
    Colombia Loans Fundraising
  • $14,881,725
    Funds lent in using Kiva
  • 1,770.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Ada Luz to buy medicine that turns around more quickly for her pharmacy.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2012
Listed
Apr 19, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013