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Mildred
Mildred, 50, lives in Puerto Colombia, a tourist city on the shores of the Caribbean Sea. She has two children who are 25 and 26 years old who work and help out with family expenses.

Mildred has a small store at home where she sells miscellaneous articles like cologne, cosmetics, paper goods, school supplies, children’s clothes and women’s accessories. The business was born three years ago with just a display case and few items. It gradually grew until it attained a more dynamic clientele.

At present, she plans to stock her business with seasonal products because Mother’s Day is approaching and sales increase as a result and Mildred wants to take advantage of this. However, her working capital is insufficient to reach this strategic goal which is why Mildred is calling on her Kiva loan, the first financing from Fundación Mario Santo Domingo to buy merchandise to stock her variety store with shoes, cosmetics, underwear, gift-wrap paper, etc.

Her investment will be successful because potential demand will lead to increased sales and with them higher income to continue strengthening the variety store’s capital and this makes her very happy.
View original language description ↓
Mildred de 50 años vive en Puerto Colombia, municipio turístico a orillas de mar Caribe, y tiene dos hijos en las edad de 25 y 26 años, quienes trabajan y responden a los gastos familiares. Mildred en su residencia tiene un pequeño almacén, en el cual vende artículos de miscelánea, como colonias, cosméticos, papelería, artículos escolares, ropa infantil y accesorios femeninos. Negocio que nació hace 3 años con una vitrina y pocos productos, gradualmente fue creciendo hasta lograr un mayor dinamismo en su clientela. En la actualidad planea surtir su negocio con productos de la temporada, pues se acerca el día de las madres y con ello el aumento de sus ventas, lo cual Mildred necesita aprovechar, pero su capital de trabajo no es suficiente para cumplir con su meta estratégica. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará mercancías, con las que surtirá su miscelánea con calzado, cosméticos, ropa interior, papel de regalo etc. Su inversión será exitosa, en tanto que la potencial demanda, la conducirá al incremento de sus ventas y con ella a la generación de un mayor ingreso para continuar fortaleciendo el capital de su miscelánea y esto la hace muy feliz.

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
  • 167
    View loans »
    Colombia Loans Fundraising
  • $12,834,025
    Funds lent in using Kiva
  • 1,765.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Mildred to buy merchandie to stock her store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2012
Listed
Apr 25, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013