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Cecilia received a Kiva loan, and with it she bought raw materials and supplies at wholesale, where she got a good discount. She also fixed the roof, which was in bad condition and was not allowing her to work effectively. Now she plans to apply for a new Kiva loan to buy cooking utensils and a stove, as the one she has is deteriorated. She will also invest in raw materials and supplies to increase her production. This way she can work in more comfortable conditions, and obtain discounts for buying bulk and buying in cash. With this cost saving, she will be able to increase her profits.
View original language description ↓
Cecilia recibió un credikiva y con él compró materias primas e insumos al por mayor, con los que ganó buenos descuentos; también arregló el techo que se encontraba en regular estado y no permitía un trabajo productivo efectivo. Ahora planea aplicar a un nuevo credikiva, para comprar utensilios de cocina y una estufa, pues la que tiene se encuentra deteriorada; así mismo invertirá el resto en materias prima e insumos para aumentar su producción y de esta manera trabajar en condiciones mas confortables y obtener descuentos por sus compra de contado y en mayor volumen, lo cual se convertirá en un ahorro que trasladará a sus utilidades.

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
  • 219
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,830.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Cecilia to buy cooking utensils and a stove, and to buy raw materials and supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 31, 2012
Jun 6, 2012
Currency Exchange Loss:
Jul 17, 2013