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Gladis
36 year old Gladis lives in the town of Soledad with her husband and 5 children, who are between 3 and 12 years old. She has had a general store in the same town for 12 years. Here she sells various goods on a daily basis and also sells items such as clothes, shorts, and cooking utensils to order, taking payment weekly, fortnightly, and monthly. Her clients identify her and recommend her, and so the business has projected increasing sales. Her customers recognize that they can find and buy many of their necessities in her store. But, Gladis has some items that rotate through her store much more quickly than others, and she has a total inventory rotation of 63 days. This is why she came to Kiva to get her first loan through Foundation Maro Santo Domingo with which she will buy women's and children's clothes and small electrical appliances - items that sell quickly and make a good profit. Her long-term goal is to have her own house to improve the wellbeing of her family as her children's needs increase as they get older. Meanwhile, she wants to get her business inventory rotation to 47 days as this is a financial indicator from which we project growth.
View original language description ↓
Gladis de 36 años, vive en el municipio de Soledad, con su esposo y sus 5 hijos en las edades de 3 a 12 años de edad; allí mismo desde hace 12 años, tiene una miscelánea, donde vende mercancía variada como con una frecuencia diaria y también expande artículos como ropa, bermudas y utensilios para cocina por pedidos, recibiendo los pagos semanales, quincenales y mensuales. Sus clientes la identifican y la recomiendan, permanentemente, por eso el negocio está en proyección ascendente de sus ventas; ellos reconocen que en miscelánea pueden resolver muchas de sus necesidades y le compran, pero Gladis tiene muchos artículos que rotan mas rápidamente que otros que le dan una rotación total a sus inventarios de 63 días. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace la Fundación Maro Santo Domingo, con el cual comprará ropa femenina e infantil y electrodomésticos menores, artículos que le ofrecen una venta rápida y mas capacidad de ingresos. Su meta mas adelante es tener su propia casa para mejorar el bienestar de su familia, pues en la medida en que sus hijos crecen, aumentan sus necesidades. Mientras esto ocurre, en su negocio se expresa una rotación de cuentas por cobrar de 47 días, indicadores financieros desde los cuales proyectamos su crecimiento.

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
  • 264
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Gladis to buy women's and children's clothing and small electrical appliances.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2012
Listed
May 24, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013