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Orietta
Orietta is 47 years old. She sells merchandise such as underwear and outerwear. She started this business after seperating from her husband because she needed to generate income to support her children and for their wellbeing. She started with few products and a little capital, but her hardwork and discipline quickly had results. These are now seen in her business relationships. She has regular customers and suppliers who trust her. With her business, she has improved her income and now her goal is to be bale to have a well stocked and well placed store. Her biggest challenge is having enough capital to meet her customers' demands and in the future having a well stocked store that impacts her market. Right now she is applying for a Kiva loan, the first loan she has taken out with the Fundación Mario Santo Domingo. With it she will buy blouses, sweaters, and jeans in greater quantities, because in the market there is a wide variety of these products with discounts and she can only take advantage of that if she has enough money in her hands.
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Orietta de 47 años de edad se dedica a la venta de mercancías como prendas de vestir exterior e interior; negocio que inició posterior a la separación de su esposo, pues necesitaba generar ingresos para el sostenimiento de sus hijos, a quienes debía dar bienestar. Ella empezó con pocos productos y un capital muy pequeño, pero su trabajo disciplinado y de mucho esfuerzo muy pronto dio sus frutos, los cuales hoy se ven reflejados en sus relaciones comerciales, cuenta con una clientela fija y proveedores que en ella confían. Con su negocio ha mejorado sus ingresos y ahora su meta se dirige a lograr tener un almacén bien surtido y posicionado. Su mayor desafío es tener un suficiente capital de trabajo para atender la continua demanda de sus clientes y mas adelante tener un almacén bien surtido que impacte su mercado. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará blusas, suéteres, jeans en mayor volumen y con precios de oportunidad, porque en el mercado hay una gran variedad de estos productos con descuentos, que solo puede aprovechar si tiene el suficiente dinero en sus manos.

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
  • 176
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,774.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Orietta to buy blouses, sweaters and jeans in greater quantities.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2012
Listed
Jun 25, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013