Check out some available loans that are similar to this one!
Nancy Edith
Nancy is 59, and a married woman. She is the mother of four children, ages 33 to 40. For more than 20 years she has been a merchant, an activity she began with the aim of helping her husband with the household expenses. She does this by travelling to Panama, where she buys perfumes, clothing and bags, and sells them in various neighborhoods of the city. Her main customers are women, although she also sells to men.

Her greatest dream is to have a store with clothing imported from Panama, the country that neighbors Colombia. For this she must have a great deal more money in order to carry out her purchases.

Currently her financial indicators show turnover of accounts receivable at 38 days, turnover of merchandise at two days, and return on sales of not less than 40%. This shows a business with considerable potential for growth, even though her greatest challenge is having sufficient working capital to respond with many more products to a market that is waiting to buy them from her.

This is why she is applying for her credikiva loan, her first from Fundación Mario Santo Domingo, by means of which she will buy mainly perfume, clothing and footwear. With this, she will impress her clientele with various fashion designs and original aromas, brought across the Atlantic Ocean to Panama.
View original language description ↓
Nancy de 59 años de edad es una mujer casada, madre de 4 hijos en las edades de 33 a 40 años; ella desde hace más de 20 años, se dedica a la actividad comercial, la cual inició con el fin de apoyar la gestión de ingresos de su esposo en el hogar. Así viajando a Panamá, en donde compra perfumes, ropa, bolsos y los comercializa en diversos barrios de la ciudad. Sus principales clientes son mujeres aunque también cuenta con personal masculino. Su mayor sueño es tener un almacén con ropa importada de Panamá, país vecino de Colombia, por lo cual debe tener mucho más dinero para realizar sus compras. En la actualidad sus indicadores financieros, muestran una rotación de cuentas por cobrar de 38 días, una rotación de mercancías de 2 días y una rentabilidad sobre las ventas no menor del 40%, lo que muestra un negocio con mucho potencial de crecimiento, aunque su mayor desafío es tener el suficiente capital de trabajo para lograr responder con muchos mas productos a un mercado que la espera para comprarle. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprara principalmente perfumería, ropa y calzado. Con ello impactará a su clientela con diversas modas en diseños y aromas originales traídos al atravesar el océano Atlántico y llegar a Panamá.

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
  • 416
    View loans »
    Colombia Loans Fundraising
  • $16,314,875
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Nancy Edith to buy mainly perfume, clothing and footwear.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 15, 2012
Jun 26, 2012
Currency Exchange Loss:
Jun 17, 2013