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Monica
Mónica, age 22, is a Young merchant who sells products that are promoted through specialized guides. She started this business two years ago when a leader from an important business got her an order of varied merchandise for $160.00 COP to pay for on credit.

Her perseverance in the business and her work discipline very quickly gave results, and her clientele started to grow.

This made her even more enthusiastic. Her credit limit in this magazine was increasing, so she added the service of cell phone calls.

Her goals are to manage to totally cover the family’s expenses, to have enough money to continue her education, and to get a degree in a technical career that will transform her into a successful person.

She is currently applying for a Kiva loan, which is her first loan with the Fundación Mario Santo Domingo. She will use the loan to buy lotions, perfume, and creams in order to take advantage of the seasonal special offers. She will offer her customers an opportune price for the products, which will allow Mónica to increase her sales, earn money, and have more and more capital.
View original language description ↓
Mónica de 22 años es una joven comerciante de productos que promociona mediante guías especializadas, negocio que inició desde hace 2 años, actividad que inició cuando una líder de una empresa importante, le consiguió obtener un pedido de mercancías variadas por valor de $160.000 COP, para pagarlo a crédito. Su perseverancia en el negocio y su disciplina de trabajo, muy pronto dieron sus frutos y su clientela empezó a crecer, entusiasmándola aun más; así mismo su cupo de crédito en esta revista fue aumentado y por eso a su negocio le agregó el servicio de llamadas a celulares. Su meta es lograr apoyar totalmente los gastos de su familia y tener suficiente dinero para continuar sus estudios y obtener un grado en una carrera técnica que la convierta en una persona exitosa. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará lociones, perfumes y cremas, para aprovechar las ofertas de la temporada y ofrecer a su clientela productos con un precio de oportunidad, que a su vez le permita a Mónica, aumentar sus ventas, ganar dinero e incrementar cada vez mas su capital de trabajo, con el cual empezar a cumplir sus sueños.

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
  • 138
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,755.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Monica to buy lotions, perfume, and creams.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2012
Listed
May 14, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013