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Paola
Paola is 30 years old and works in her sales business in order to support her household. She sells electrical appliances, cosmetics and clothing on credit. She also sells drinks such as soda and beer for cash. When she was 19 years old, Paola finished her high school education, brought up by her parents who are very hard-working people with good habits. When her husband gave her some start-up capital, she was able to make use of these personal values to start up and manage a sales business.

Paola was married at 21 and is the mother of two children who are 2 and 7 years old. She dreams of helping her children become successful people and so she takes care to educate them and work hard so that she can teach them the same values that her parents taught her. Paola started her business four years ago and she has gradually attracted a number of regular customers who, in turn, refer her to new customers. For this reason, the working capital she has with which to buy goods and respond to demand has become insufficient and she must wait to recover the money she is owed for her goods before she buys more. For this reason, she is applying for a Kiva loan (her fifth loan through Fundación Mario Santo Domingo). She will use the money to buy a chiller cabinet so that she can increase her sales of beer and soft drinks which makes her very good profits and is a cash-based business. With her previous loans, Paola managed to increase her business. This is reflected in her increase in sales which has made her more income and enabled her to continue making progress in improving her family's well-being.
View original language description ↓
Paola de 30 años, se dedica a la actividad comercial para apoyar el bienestar de su hogar. Ella vende a crédito electrodomésticos, cosméticos, ropa a crédito; también vende de contado refrescos, como gaseosas y cervezas. Desde sus 19 años, terminó estudios de bachillerato, siendo educada por su padres, personas altamente trabajadores y de buenas costumbres; por eso, con esta base de valores personales, no le fue difícil agregarlos a su gestión empresarial, cuando apoyada por su esposo, quien le suministrara el capital semilla, dio inicio a su oficio comercial. Hoy casada a los 21 años y madre de 2 e hijos en las edades de 2 y 7 años, sueña con ayudarlos a convertirse en personas exitosas y por eso se esmera en educarlos y trabajar persistentemente, para enseñarle los valores que a ella sus padres le transmitieron. Su negocio empezó hace 4 años y poco a poco, ha ido construyendo una clientela fija, que le refiere a nuevos clientes, por eso su capital de trabajo a la hora de comprar y responderles, se torna insuficiente y debe esperar recoger el dinero producto de sus cuentas por cobrar para hacerlo. Esta es la razón por la cual acude a un credikiva, quinto financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará un enfriador, para aumentar la venta de cervezas y refrescos que le dejan un importante volumen de utilidades y es un negocio de contado. Con sus anteriores créditos ha logrado el crecimiento de su negocio, reflejado en el incremento de sus ventas, que le han reportado mayores ingresos, para continuar avanzando en el aumento del bienestar de su familia.

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
  • 531
    View loans »
    Colombia Loans Fundraising
  • $14,661,300
    Funds lent in using Kiva
  • 1,774.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Paola to buy a chiller cabinet.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2012
Listed
Jun 24, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 19, 2013