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Mercedes
Mercedes is an entrepreneur who has made progress in her goal thanks to her capacity of work and love for her family, which consists of her husband and three children, ranging in ages from 14 to 23 years old. She is the owner of a business, through which she generates income for the family managing the making and selling of school lunches and snacks, which she began 4 years ago. With the help of her sister-in-law, she was able to sell at a market consisting of 300 school students, and she has been doing well.

Little by little Mercedes has been able to expand what she offers, preparing lunches and other distinctive products and now she has a domestic market made up of her neighbors, many of them working with no time for meal preparation. Also she serves nearby construction workers. Her dream is to grow and expand her market, but her working capital is often insufficient in order to meet her goals of prosperity. This is the reason for which she is asking for a Kiva loan, her first financing through the Fundación Mario Santo Domingo, in order to buy raw materials and supplies with which she will be able to get substantial discounts by buying in volume and this is the groundwork for the success of her Kiva loan that has her enthused and dreaming.
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Mercedes es una mujer emprendedora que ha logrado avanzar en su propósito gracias a su capacidad de trabajo y al amor por su familia, que conforma con su esposo y sus 3 hijos en las edades de 14 a 23 años. Ella es la propietaria de un negocio, mediante el cual genera ingresos para su familia y está dirigido a la preparación y venta de almuerzos y meriendas escolares, el cual inició desde hace 4 años, cuando apoyada por su cuñada, consiguió venderle a un mercado conformado por 300 estudiantes de un colegio, con el cual le ha ido muy bien. Poco a poco Mercedes ha podido extender su oferta, hacia la preparación de almuerzos como otro de sus productos insignias y ahora posee un mercado doméstico conformado por sus vecinos, que muchas veces trabajan y no les alcanza el tiempo para la preparación de los alimentos; así como también tiene como clientes a trabajadores de construcciones cercanas a su sitio de producción. Su aspiración es crecer y ampliar su mercado, pero su capital de trabajo muchas veces le resulta insuficiente para cumplir sus metas de prosperidad. Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, mediante la cual comprará materias primae e insumos con lo cual ganará descuentos importantes en el volumen de compras y por hacerlo de contado y en esto radica el éxito de su credikiva, que la tiene animada y soñando. .

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
  • 263
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,842.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Mercedes to buy prime materials and supplies in greater volume and in cash in order to prepare food.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2012
Listed
May 31, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 27, 2013