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Margarita
Margarita is 52 years old. She is a merchant who sells clothing and women's accesories. With these she helps her customers present themselves well and generates income to support her home. She has regular customers to whom she sells mostly on credit. Wherever Margarita is, she identifies potential customers who will eventually buy from her. She is aware of opportunties and allways taking advantage of them. Her goal for the future is to have a variety store, a commercial locale where she can add new economy products that her community needs and can find in her business. Her biggest challenge in is obtaining resources to respond to her growing clientele quickly. She has to wait to get her money from her accounte receivable to be able to be effective from her buyers. While she works hard and generates the main income for her home, she maintains a profit margin of no less than 21% and her turnover for her accounts receivable is no more than 20 days. Right now, she is applying for an account receivable, the first loan she has taken out with the Fundación Mario Santo Domingo. With it, she will buy informal women's, men's and children's clothing. This way, she will respond quickly to the customers who have made their orders and are expecting Margarita to respond promptly, which is what they want.
View original language description ↓
Margarita de 52 años de edad, está dedicada al comercio de prendas de vestir y accesorios femeninos,con los que complementa la buena presentación de su clientela y que genera ingresos que apoyan su hogar; ella tiene una clientela fija, a quien le vende a crédito principalmente y donde quiera que Margarita se encuentre, identifica clientes potenciales que finalmente le compran, porque es muy consciente de las oportunidades y siempre está aprovechándola. Su meta más adelante es tener una miscelánea, punto comercial donde agregue nuevos productos económicos, que su comunidad necesite y puedan encontrar en su negocio. Su mayor desafío es lograr obtener recursos para responder oportunamente a su creciente clientela, pues debe esperar recoger su dinero procedente de las cuentas por cobrar, para poder ser efectiva con sus compradores. Mientras trabaja esmeradamente y genera los principales ingresos de su hogar, maneja una rentabilidad sobre las ventas no menores del 21% y la rotación de sus cuentas por cobrar es no mayor de 20 días. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará prendas de vestir informal femenina, masculina e infantil. Con ello responderá oportunamente a la clientela, que ha hecho sus pedidos, esperando de Margarita una servicial respuesta, como es la que ellos requieren.

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
  • 359
    View loans »
    Colombia Loans Fundraising
  • $14,083,800
    Funds lent in using Kiva
  • 1,784.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Margarita to buy informal women's, men's and children's clothing.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2012
Listed
Jul 15, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013