Check out some available loans that are similar to this one!
Martha
Martha, age 38, lives with her husband and two children, ages 9 and 12. She is the proprietor of a store that sells snacks, groceries, and soft drinks. She undertook this business through her husband’s initiative. He worked at running a store.

This experience paved their way to develop their own business adventure. The business now generates the main income for the household. This happened 12 years ago, when they decided to rent a house. This is where they now live, and they have adapted the house for their business.

Thanks to their joint work, their efforts, and their dedication to their business, it has become a robust business. It has generated fixed clientele, and it is very well-known in her neighborhood and in surrounding areas. She makes her sales for cash, and her main customers are housewives who buy retail stapes they need for their households.

Her goals for the growth of her business are faced with the challenge of not having enough working capital to expand her business. That is the reason she turns to a Kiva loan, her first loan with the Fundación Mario Santo Domingo.

She will use the loan to buy a display case and varied merchandise to stock it. She will do this because May is one of the times that her sales increase. The increase is due to the family festivities and religious holidays that the families celebrate. These festivities and holidays generate a good volume of customers, and that is exactly what increases her income.
View original language description ↓
Martha de 38 años, vive con su cónyuge y sus dos hijos en las edades de 9 y 12 años. Ella es la propietaria de una tienda de ranchos, víveres y refrescos, que emprendió por iniciativa de su cónyuge quien se dedicaba a la administración de una tienda; con esta experiencia se abrieron paso a desarrollar su propia aventura de negocios, con la que hoy generan los principales ingresos del hogar. Esto ocurrió hace 12 años, cuando decidieron arrendar una casa, que hoy es la vivienda donde habitan y adecuaron allí su negocio. Gracias al trabajo conjunto, sus esfuerzos y la dedicación que le profesan a su negocio, este se ha consolidado, generando una clientela fija y hoy son muy reconocidos en su barrio y en sectores ubicados alrededor de ellos. Sus ventas las realiza de contado y sus principales clientes son las amas de casa, que compran al detal los artículos de la canasta familiar, que requieren sus hogares. En sus metas de crecimiento empresarial, se le presenta el desafío de no contar con un capital de trabajo suficiente, para ampliar su negocio. Esta es la razón por la cual acude a credikiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, mediante el cual comprará una vitrina, mercancía de miscelánea para surtirla, porque el mes de Mayo es uno de las temporadas en las cuales sus ventas se incrementan, por efecto de las fiestas familiares que celebran las familias y también las religiosas que generan un buen volumen de clientes y esto es justamente lo que incrementa sus ingresos.

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,765.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Martha to buy a display case and varied merchandise to stock it.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2012
Listed
May 19, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013