Noting that her business has grown she’s now decided to move it from home into a locale she owns which is part of her strategy to win over more customers. Her greatest challenge is to make the improvements to the locale so that her customers will have a comfortable environment but her capital is insufficient to reach this goal immediately.
This is why she’s calling on a Kiva loan, her first financing from Fundación Mario Santo Domingo that she’ll use to do the required physical changes having to do with enclosure and roofing thus attaining a better position. We at the Fundación believe that her Kiva loan will be successful because she’ll be located in a more comfortable spot that’s nevertheless near her present clientele with potential of capturing the interest of a wider customer base.
About Fundación Mario Santo DomingoFundación 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 Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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