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Jovana
Jovana, age 32, lives with her husband and 13 year old daughter to the south of the city. That is where they have a business providing Internet and telecommunication services by the minute. This is in addition to selling varied merchandise, which is another of her business activities that generates income.

She is very well-known in the sector where she lives, and that is where she has gotten most of her customers. She also has buyers, especially of her varied merchandise, in other neighborhoods in the city.

When she started her business she did it with her own resources. Her objective was to support her husband’s achievement. He was the one that contributed her first seed money for $1.000.000 COP so that she could adapt the establishment with computer equipment. She put the equipment in the living room of the house where she still lives with her family.

Her goal is to have the most modern computer equipment that exixts in the market and to strengthen her place. She will do this by adding a lot of inventory of varied, miscellaneous merchandise.

However, her greatest challenge is that she does not have sufficient working capital to achieve her expectations. That is why she turns to a Kiva loan, her first loan with the Fundación Mario Santo Domingo. She will use the loan to buy stationery products in order to start on the uphill road towards the growth of her business. Then she will fulfill her dream of seeing her daughter become a successful person in the future.
View original language description ↓
Jovana de 32 años de edad, vive con su cónyuge y su hija de 13 años al sur de la ciudad, donde tiene su propio negocio, en el cual presta el servicios de Internet y de telecomunicaciones por minutos, además de vender mercancía variada que es otra de sus actividades generadoras de ingresos; en el sector donde habita es muy conocida y es aquí donde ha conseguido la mayor parte de sus clientes, porque también tiene compradores en otros barrios de la ciudad, especialmente de mercancías variadas. Ella cuando inició su negocio lo hizo con recursos propios, con el objetivo de apoyar el buen desempeño de su cónyuge, quien fue el que le aportó su primer capital semilla por valor de $1.000.000 COP., para que ella adecuara las instalaciones con equipos de cómputos, que ubicó en la sala de la casa, donde aun habita con su familia. Su meta es tener los equipos de cómputos mas modernos que existan en el mercado y fortalecer su punto, adicionando mucho inventario de mercancías variadas tipo miscelánea, pero su mayor desafío es que no cuenta con el capital de trabajo suficiente para lograr sus expectativas, esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará productos de papelería, para iniciar su camino ascendente hacia el crecimiento de su negocio y cumplir con el sueño de ver a su hija en un futuro convertida en una persona de éxito.

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
  • 231
    View loans »
    Colombia Loans Fundraising
  • $13,363,950
    Funds lent in using Kiva
  • 1,770.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Jovana to buy stationery products for her Internet Cafe.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2012
Listed
May 18, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013