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Iris
Iris, 48 years old, lives with her partner and her two children, aged 17 and 22, in a neighborhood south of the city, where she has a business selling cold drinks and fried food. She also sells merchandise through specialized catalogues. Her business experience dates back 16 years, when she started selling beer, ice, and corn chicha (a fermented drink) with a small amount of capital her partner gave her. Later, with her own earnings, she acquired a fryer and bought more bottles, and also began to sell very cold and pleasant drinks, adjusted to Colombia's hot Caribbean climate. Gradually she has made very good use of her captive customer base in order to diversify what she offers and thus be able to offer her customers credit for the items they need, especially cosmetics. Currently she is applying for a Kiva loan, the first financing she has had with Fundación Mario Santo Domingo. She will use it to buy new cases of beer in order to sell them to nearby businesses when they run out of inventory, a situation that usually happens. With her Kiva loan she will also buy a variety of merchandise that her customers have ordered, in order to meet the requirements of Mother's Day, since it is coming soon and it is one of the times when she moves the most merchandise. Her goal in the future is to finish adapting her house and to continue her business growth, increasing her profit margin even more.
View original language description ↓
Iris de 48 años de edad vive con su cónyuge y sus dos hijos en las edades de 17 a 22 años en un barrio ubicado al sur de la ciudad, donde tiene un negocio de venta de bebidas frías, productos fritos y también vende mercancía mediante revistas especializadas. Su experiencia empresarial data desde hace 16 años, cuando inició vendiendo cervezas, hielo y chicha de maíz, con un pequeño capital que le regaló su cónyuge. Posteriormente con sus propias ganancias, adquirió un enfriador y compró mayor cantidad de envases y así mismo empezó a vender bebidas bien frías y agradables, ajustadas al clima caliente del caribe Colombiano. Gradualmente ha aprovechado muy bien su clientela cautiva, para diversificar su oferta y así poder ofrecer créditos a sus clientes en los artículos que necesitan, especialmente en la línea de cosméticos. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará nuevas cajas de cervezas, para venderle a negocios cercanos, cuando a ellos se les termine el inventario, situación que ocurre usualmente. Con su credikiva también comprará mercancías variadas, que tiene encargadas por sus clientes, para atender los requerimientos del día de las madres, que ya se acerca y es una de las épocas de mayor movimiento en sus ventas. Su meta mas adelante es terminar de adecuar su vivienda y continuar su crecimiento empresarial, aumentando aun mas su margen de utilidades.

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
  • 342
    View loans »
    Colombia Loans Fundraising
  • $14,070,600
    Funds lent in using Kiva
  • 1,770.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Iris to purchase new cases of beer as well as a variety of merchandise that her customers have ordered.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2012
Listed
May 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013