Check out some available loans that are similar to this one!
Yira Mercedes
Yira is a 32-year-old married woman. She has an 11-year-old daughter who she dreams of seeing become a successful woman. Her daughter is her motivation for living, as well as her husband's. Yira has her own business in which she sells various merchandise such as comforters, women's clothing, sporting goods, and other items. Yira completed her high school education early. At the age 16, she began her technical career as an entry-level bank employee. She was able to transfer her knowledge into a job for a private company. Two years later, she decided to help her husband with his business in the retail sector. Yira also started her own line of businesses selling detailed items to a customer base that has gradually increased. At the moment, her goal to keep growing has not stopped and neither has the growth of her clientele. However, her operating capital is not sufficient for supporting her dream of obtaining more customers. For this reason, Yira is applying for a Kiva loan, her first form of financing through Fundación Mario Santo Domingo. She will use the money to buy comforters, shoes, household decor products, women's accessories, and other affordable items. These items will be purchased in a city along the Colombian border.


After being adjusted according to the type of business she operates, Yira's financial indicators shows that her accounts receivable period is 16 days, her product rotation period is 7 days, and her sales profitability is no less than 30%. Due to these financial reasons, it is projected that the investment of her Kiva loan will result in successful growth.

View original language description ↓
Yira de 32 años de edad es una mujer casada que tiene una hija de 11 años, con quien sueña ver convertida en una mujer exitosa y es ella el motor de su vida y la de su esposo. Yira tiene su propio negocio, mediante el cual vende mercancía variada, como cubrelechos, ropa para damas, artículos deportivos etc. Yira terminó sus estudios de bachiller muy temprano, a sus 16 años e inició una carrera técnica como auxiliar bancaria y con este conocimiento logró trabajar como empleada de una empresa privada. Posteriormente desde hace dos años, con el fin de apoyar la gestión de su esposo en el comercio, actividad a la que este se dedica, inició también su propia aventura de negocios, vendiendo muchos artículos al detalle, en un clientela que poco a poco a ha venido captando. En la actualidad su meta de crecimiento no se detiene, así como el aumento de su clientela, pero su capital de trabajo no es suficiente para responder al sueño de ampliar su cobertura de clientes; 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 cubrelechos, calzado, artículos decorativos para el hogar, accesorios femeninos, entre otros artículos que encuentra mas económicos, en una ciudad fronteriza de Colombia en la cual compra. Actualmente sus indicadores financieros, están ajustados a las características de este tipo de negocios, mostrando una rotación de cuentas por cobrar de 16 días, una rotación de inventarios de 7 días y una rentabilidad sobre las ventas no menor del 30%; razones financieras desde las cuales proyectamos su crecimiento y auguramos el éxito de su inversión credikiva.

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
  • 472
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,762.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Yira Mercedes to buy comforters, shoes, household decor products, women's accessories, and other items.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2012
Listed
May 23, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013