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Yasmith
Yasmith is 23 years old and lives in the town of Soledad. She lives with her husband and her two children who are 5 years and 9 months old respectively. Yasmith has a general store where she sells gifts for the home, costume jewelry, decorations, school supplies and jeans. She started her business on the suggestion of her husband who works for a company that produces sports clothing. He suggested that she sell this merchandise in order to make additional income. Yasmith has done very well in her business and she has regular customers who order items from her. She also sells blouses and has an existing market for her products. Her dream is to have her own commercial premises where she can display her merchandise and to become an important wholesaler, providing products to retailers.

At the beginning of this year, when the owner of some business premises offered to rent them to her at a good price because she was moving away from the city, Yasmith became interested in the offer and took advantage of it. This is where her general store is now located and she would like to grow her business. However, she does not have enough working capital. For this reason, she is applying for a Kiva loan (the first loan she has taken out from Fundación Mario Santo Domingo). She will use the loan to buy school supplies, decorations, gifts and clothing. Her investment will be successful because her business is located in a commercial area that is very busy with passersby. She will also make the most of the demand for merchandise which she generally experiences in May and June, as a result of the family and religious celebrations that take place during those months.
View original language description ↓
Yasmith de 23 años de edad vive en el municipio de Soledad, con su cónyuge y sus dos hijos en las edades de 5 años y 9 meses; allí tiene una miscelánea donde vende detalles para el hogar, fantasías, adornos, artículos escolares y jeans. Su negocio lo inició, por iniciativa de su cónyuge, quien trabaja en una empresa que produce línea de ropa deportiva y por eso le propuso vender estas mercancías, para lograr mayores ingresos adicionalmente. Con su negocio a Yasmith le ha ido muy bien y actualmente cuenta con clientes fijos, que le encargan para la venta y como también vende blusas, tiene un mercado que ya la conoce. Su ideal es tener un punto comercial propio, donde exhibir su mercancía y convertirse en distribuidora importante de muchos vendedores al detalle, por eso al iniciar el presenta año, cuando la propietaria de un local le ofreció alquilarle a un buen precio, pues ella se mudaría de la ciudad, a Yasmith le pareció interesante la oferta y la aprovechó, dando lugar a la miscelánea que hoy tiene y desea hacer crecer, pero su capital de trabajo no es suficiente para lograrlo. 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 útiles escolares, adornos, detalles variados y ropa en general. Su inversión tendrá éxito, porque esta ubicada en un punto comercial de gran concurrencia de transeúntes y porque aprovechará la demanda de mercancía que usualmente se presenta en el mes de Mayo y Junio, con motivo de la celebración de fiestas familiares y religiosas.

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

  • $11,100
    Average annual income
  • 504
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,762.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Yasmith to buy school supplies, decorations, gifts and clothing.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2012
Listed
May 21, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013