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Paulina
Paulina, age 28, sells clothes and underwear. A friend sends her the items from the United States, and Paulina sells them on credit in order to recuperate her investment in payments that are agreed upon by her customers.

She has been in this business for four years, and her customers especially like wearing clothes from the United States. With this business she generates income that contributes to her personal well-being and that of her household. Her household is comprised of her husband and their two children, ages two and nine.

Paulina is from Ecuador, and she is married to a Colombian doctor. She also sells provisions to other customers located around her home. She sells things like powdered milk, cooking oil, and sugar. These things are sent to her from another municipality in the country that her husband is from.

Her goal is to have a large clothing store, and to finally finish building her house as a result of her and her husband’s work. Even though her business is small, it has good growth potential, and she has an unparalleled capacity for work. She inherited this from her mother, who is also a merchant in the neighboring country of Ecuador.

Her biggest challenge now is to have cash in order to buy in bulk and to get more discounts. That is why she has turned to a Kiva loan, her first loan with the Fundación Mario Santo Domingo. She will use the loan to buy blouses, pants, shoes, and supplies. With her Kiva loan she will increase her working capital and her volume of sales. That will make this a successful investment that will keep her active in the market.
View original language description ↓
Paulina de 28 años de edad, se dedica a la comercialización de prendas de vestir exterior e interior, artículos que una amiga le envía desde los Estados Unidos y ella vende a crédito, para recuperar la inversión en plazos pactados con su clientela. Su negocio lo realiza desde hace 4 años a clientes especiales que les gusta vestir con prendas traídas de ese país. Con su negocio genera ingresos que aportan al bienestar personal y de su hogar, conformado por su esposo y sus dos hijos de 2 y 9 años. Paulina de origen Ecuatoriano y está casada con un médico Colombiano, también comercializa víveres, a otra clientela ubicada alrededor de su vivienda, como leche en polvo, aceite, azúcar, que le envían desde otro municipio del país, de donde es oriundo su esposo. Su meta es tener un gran almacén de ropa y finalmente terminar de construir su casa con el producto del trabajo de ella y su esposo. Su negocio aunque es pequeño, tiene un buen potencial de crecimiento y ella cuenta con una capacidad de trabajo inigualable, heredada de su madre quien es también comerciante en el vecino país de Ecuador. En la actualidad su mayor desafío es tener un capital de efectivo, para comprar en mayor volumen y ganar cada vez más descuentos, por eso ha recurrido a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará, blusas, pantalones, calzado y víveres. Con su credikiva aumentará su capital de trabajo y así mismo su volumen de ventas, lo que hace que este sea una inversión exitosa y que la mantenga activa en el mercado.

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
  • 540
    View loans »
    Colombia Loans Fundraising
  • $14,918,625
    Funds lent in using Kiva
  • 1,776.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Paulina to buy blouses, pants, shoes, and supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2012
Listed
Jul 25, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 19, 2013