Check out some available loans that are similar to this one!
Elizabeth Del Carmen
Elizabeth, age 46, lives in the municipality of Soledad with her husband. She has three children ages 14-21. They are the driving force in her life; it is for them that she and her husband work persistently, in order to be able to provide them with a good future. Elizabeth has a business where she sells meat, grocery items, pop, and drinks. She gained her experience in the area as a young woman, working with her parents and helping them out in the family store. She used this knowledge to generate her own, independent income while still being able to keep house. She has done this with her husband's support; he also knew this business from his own experiences. He decided to open the business in their home in another neighbourhood in the city. They had good results there, and gradually progressed. Later they moved to another location where things went much better for them. They were able to save up and buy their home and two lots where they built two apartments because they wanted to keep building capital in order to live a dignified old age and give their children a quality education. Elizabeth has taken out 13 loans from the Fundación Mario Santo Domingo over 16 years. These loans have been a support to her in expanding her working capital. Her goal is to be able to build on their two lots and generate more income in order to keep strengthening their family's position. She is currently applying for a Kiva loan with which she will buy grocery items, meat, pop and liquor. This will increase her inventory yet again. Having inventory that corresponds with her clients' needs always impacts her sales; this is why she is successful.
View original language description ↓
Elizabeth de 46 años de edad, vive en el municipio de Soledad con su esposa y tiene 3 hijos en las edades de 14 a 21, que son su mayor motor en la vida y por ellos su esposo y ella trabajan persistentemente, para lograr que tengan un futuro con mucho bienestar. Elizabeth tiene un negocio mediante el cual vende ranchos, víveres, refrescos y bebidas; ella recogió toda su experiencia de joven, cuando trabajó ayudando a sus padres en la tienda familiar y la tradujo en su propia forma de generar ingresos independientes y lo hizo también para poder atender su hogar simultáneamente y con el apoyo de su esposo, quien también conocía de esta actividad por experiencia propia y quien dispuso emprenderla en su propia casa ubicada en otro barrio de la ciudad; allí obtuvieron buenos resultados y gradualmente han progresado, pues se trasladaron a otro lugar, donde les fue mucho mejor, logrando ahorros con los cuales compraron su vivienda y adquirieron 2 lotes, donde construirán dos apartamentos, porque desean seguir estructurando un capital, para tener una vejez digna y educar a sus hijos con una estructura de calidad. Elizabeth ha recibido 13 financiamientos de la Fundación Mario Santo Domingo durante 16 años, que han servido de apoyo al crecimiento de su capital de trabajo. Su meta es lograr construir sus 2 lotes y con ello generar mas ingresos para seguir fortaleciendo el bienestar de su familia. En la actualidad está aplicando a un credikiva, con el cual comprará víveres, ranchos, refrescos y licores aumentando así una vez mas sus inventarios, ya que haciendo una exhibición acorde a las necesidades de sus clientela impacta cada vez mas sus ventas y esto si que es su éxito.

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
  • 504
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,786.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Elizabeth Del Carmen to buy grocery items, meat, pop, and liquor.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2012
Listed
Aug 14, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013