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Delia Fermina
Delia is 75 years old and works producing fried foods, cakes, tamales, meat, and wheat flour products. She prepares and sells them herself from the balcony of her house, located in the municipality of Soledad. This is an area with an influx of people from students to drivers who are high consumers and who promote the daily success of her sales.

Her goal is to continue expanding her business to achieve greater prosperity, and to remodel the rooms in her home so that they are more comfortable for her family. Her greatest challenge is the seasonal variation in her sales, because it makes her dependent on the same market and on the school schedules. Because of this, she plans to attain new markets, but the income from her work is insufficient to make investments and offer a wider variety of products.

Currently, she is requesting a loan financed by Fundación Mario Santo Domingo (FMSD) that she will use to buy greater amounts of corn, meat, pork, chicken, and charcoal. This will reduce her expenses, as she will obtain more competitive prices for her purchases, which is the reason for the success of this loan.
View original language description ↓
Delia de 75 años de edad, se dedica a la fabricación de productos fritos, pasteles, tamales, carnes y derivados de la harina de trigo, que ella misma prepara y vende en la terraza de su casa, ubicada en el municipio de Soledad, en un punto de alta afluencia de personas entre estudiantes y conductores que son altamente consumidores y potencializan el éxito diario de sus ventas. Su meta es continuar ampliándolo, para lograr una mayor prosperidad y adecuar las habitaciones de su vivienda que den mayor confort a su familia. Su mayor desafío es la estacionalidad de sus ventas, porque le crea dependencia de un mimo mercado y de las jornadas escolares; por eso ella planea lograr nuevos mercados, pero su capital de trabajo se torna insuficiente para hacer inversiones y tener una mayor oferta de productos. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará maíz, carne, cerdo, pollo, carbón en mayor volumen, con lo cual disminuiría los costos pues obtendría precios mas competitivos en sus compras, lo cual es la razón del éxito de 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

  • $6,070
    Average annual income
  • 262
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,765.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Delia Fermina to buy greater amounts of corn, meat, pork, chicken, and charcoal.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2012
Listed
Apr 25, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 20, 2013