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Maria Manuela
Maria is 33 years old and lives to the south of the city with her husband and three children who are between the ages of 7 and 17. There she sells merchandise offered through catalogs and specialty guides that she always has available. Her initial seed capital was 300,000 COP, which she obtained from the hands of her husband. She invested the money in materials, supplies, and equipment for her work of improving people's images. Her business grew gradually and she added products from related catalogs. She has done very well because she provides beauty services from her home. Maria is also an image consultant and sells cosmetic products on credit.


In this business that relies on referrals in order to gain new clients, her greatest challenge is the lack of capital for attracting potential customers. For this reason, she is applying for a Kiva loan, her first form of financing from Fundación Mario Santo Domingo. She will use the money to buy beauty supplies for her work and cosmetics to sell. The reason why her investment will be successful is that she now has a line of credit that will enable her to respond to new customers.

View original language description ↓
Maria de 33 años de edad, vive al sur de la ciudad con su cónyuge y sus 3 hijos en las edades de 7 a 17 años de edad. Allí se dedica a la venta de mercancía variada mediante una oferta que hace a través de catálogos o guías especializadas, con las que Maria siempre trabaja. Su primer fue de $300.000 COP, capital lo obtuvo de manos de su cónyuge y lo invirtió en materias primas e insumos y herramientas para trabajar en el mejoramiento de la imagen de las personas, con ello fue creciendo poco a poco y agregó productos por catálogos asociados a su actividad, con los que le ha ido muy bien, porque presta servicios de belleza a domicilio y también asesora y vende productos cosméticos a crédito, en este mismo mercado, que le refiere nuevos compradores, siendo su mayor desafío ante la potencial clientela, el insuficiente capital de trabajo con el que cuenta para lograrlo. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a ala Fundación Mario Santo Domingo, con el cual comprará insumos para su trabajo de belleza y cosméticos para la venta. La razón de éxito de su inversión es que tendrá la capacidad de tener un fondo para financiar su cartera de crédito y responderle a su nueva clientela.

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
  • 180
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,756.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Maria Manuela to purchase beauty supplies and cosmetics.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2012
Listed
May 9, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013