Check out some available loans that are similar to this one!
Eucaris
64-year-old Eucaris is a widow and the mother of two children who are 26 and 32 years old. She worked as an employee in a hairbrush factory from the age of 30 but always wanted to run her own business. Her interest drove her to make some savings which she then used to set herself up and start a sales business. She decided to sell lunches from her own home but things didn't go very well and she stopped after a year. She later decided to start selling used clothing. This business did very well and she gradually added other merchandise such as shoes, bags, accessories, toys, beer and soft drinks. She is still in this business today. Eucaris' plans are to grow her business but she doesn't have enough working capital to achieve this. For this reason, she is applying for a Kiva loan which she will use to buy used clothing and a variety of merchandise such as accessories and perfumes. Her Kiva loan will expand her purchasing possibilities and she will be able to inject working capital into her business in order to strengthen it.
View original language description ↓
Eucaris, de 64 años de edad es una viuda mujer madre de dos hijos en las edades de 26 y 32 años. Desde sus 30 años de edad trabajó como empleada en una fabrica de cepillos, pero siempre aspirando a tener su propio negocio. Su interés la impulsó a lograr ahorros, que le alcanzaron para ubicarse en un local comercial y emprender un negocio de venta de decidió dedicarse a vender almuerzos desde su propia vivienda, pero finalmente no funcionó muy bien y allí solo estuvo 1 año. Posteriormente se dedicó al comercio de ropa de segunda, con el cual le fue muy bien y poco a poco fue agregando otras mercancías, como calzado, bolsos, accesorios, juguetes y bebidas como cervezas y otros refrescos, y hasta hoy así conserva su negocio. Sus planes son de crecimiento, pero su capital de trabajo ante el potencial que pretende explorar no es suficiente, por eso está aplicando a un credikiva, mediante el cual comprará ropa de segunda, mercancía variada, como accesorios y perfumería. Con su credikiva, amplia la posibilidad de compra y una vez mas la de continuar inyectando capital de trabajo a su negocio para fortalecerlo.

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
  • 516
    View loans »
    Colombia Loans Fundraising
  • $14,939,400
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Eucaris to buy used clothing and a variety of merchandise such as accessories and perfumes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2012
Listed
Jul 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013