Check out some available loans that are similar to this one!
Mayry
Mayry is 20 years old and lives in the town of Puerto Colombia, on the Caribbean coast, very close to the city of Barranquilla. There she has her own business where she sells a variety of merchandise through specialized product guides. She started this business one year ago as she needed to support her household. Up to that point her husband, who works as a builder, was the only one providing.

When Mayry got the opportunity to sell merchandise through catalogs to employees in different companies, she undertook the business venture and, with a lot of effort and discipline, she has managed to consolidate it. Her main customers are neighbors, friends, family members and people who she has been recommended to. She offers them a wide range of merchandise such as cosmetics, clothing, shoes, perfumes, etc. Mayry gives her customers 15 days to 1 month to pay.

Mayry is applying for a Kiva loan (her first loan with Fundación Mario Santo Domingo) to buy merchandise from her catalogs which are currently being offered with good discounts such as cosmetics, shoes and clothing. In this way, she hopes to impress her buyers with her prices and expand her customer coverage. Her loan will enable her to have a good amount of stock available and she will not have to wait to collect money on her outstanding accounts. This will enable her to respond to her customers and, as always, make them happy so that they become loyal customers. This will guarantee her investment is successful.
View original language description ↓
Mayry de 20 años de edad vive en el municipio de Puerto Colombia a orillas del mar caribe y muy cerca a la ciudad de Barranquilla. Allí tiene su propio negocio mediante el cual vende mercancía variada, mediante guías especializadas de productos, actividad que inició desde hace 1 año, por la necesidad de apoyar la gestión de su hogar, que hasta el momento estaba solo a cargo de su esposo, quien se desempeña como albañil. Así fue que, cuando consiguió la oportunidad de ofrecer mercancías por catálogos a empleados de varias empresas, emprendió su aventura emprendedora, y así con mucho esfuerzo y disciplina ha logrado consolidarlo. Su principal clientela son vecinos, amigos, familiares, referidos, a quienes ofrece gran variedad de mercancías, como cosméticos, ropa, calzado, perfumería etc; para recuperar su dinero Mayry otorga a su clientela un plazo de 15 días a 1 mes. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará mercancía que llegó en sus catálogos con buenos descuentos, como cosméticos, calzado y ropa. Con ello aspira impactar con precios a sus compradores y ampliara la cobertura de clientes. Su crédito se fundamenta en la posibilidad de tener un buen surtido y no esperara a recoger el dinero de las cuentas por cobrar, para poder responder a su clientela y como siempre complacerlos para fidelizarlos y justamente garantizar el éxito de su inversión.

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
  • 500
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,774.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Mayry to buy cosmetics, shoes and clothing.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2012
Listed
Jun 24, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013