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Jesica Loraine
Jesica is a young, single woman aged 23. For two years she has sold cosmetics, accessories, perfumes, general items, cellphone minutes and cellphone top-ups. She plans to use her first Kiva loan to buy these wholesale items and sell them, and to obtain capital for her top-up and cellphone minutes business.

She is sure that her investment will be a success, as she has a large number of customers and her premises are strategically located in the Siete de Abril neighborhood, which is frequented by many people.

Jesica finished high school at 18 years of age, and immediately began her technical studies into warehouse and general store management. She thought she would get a job quickly, but sadly this was not the case. When her parents saw that she wanted to work and earn money, they gave her an initial capital of $300,000.00 COP so she could set up her own business selling goods and cellphone minutes. She sells her goods on credit, organizing installment payments every two weeks. Cellphone minutes and top-ups are paid in cash, and her profitability comes from the sales volumes she achieves.

Jesica has the collaboration of her family in running the business, and they have always encouraged her to get ahead. She dreams of having her own home, getting married and starting a family, and having a car which will allow her to work in other areas.
View original language description ↓
Jesica es una joven soltera de 23 años de edad que comercializa desde hace dos años cosméticos, accesorios, perfumes, mercancía en general, minutos a celular y recargas telefónicas. Con su primer credikiva pretende invertir en la compra al por mayor de esta mercancía para la venta y capitalizarse para el negocio de las recargas y minutos, confía en que la inversión será exitosa porque posee un gran número de clientes y su local esta ubicado estratégicamente en el barrio Siete de Abril, donde transitan muchas personas. Jesica terminó su bachillerato a los 18 años e inicia inmediatamente sus estudios técnicos de almacén y bodegaje, termina esperanzada en que conseguirá empleo rápidamente, pero no fue así. Sus padres al ver que quería trabajar y generar ingresos, le entregan un capital inicial de $300,000.00 COP para que montara su propio negocio de mercancías y venta de minutos. La mercancía la vende a crédito, otorgando plazos para gagos quincenales, los minutos y recargas son de contado y su rentabilidad se genera por el volumen de venta. Cuenta con la colaboración de su familia en la atención del negocio y siempre la han impulsado a seguir adelante. Jesica sueña con tener una casa propia, realizarse más adelante como mujer y tener un carro que le permita abarcas otras zonas de trabajo.

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
  • 484
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,774.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Jesica Loraine to buy perfumes, cosmetics and accessories for sale, and to obtain more capital for cellphone top-ups and the sale of cellphone minutes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2012
Listed
Jun 14, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013