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Monica Maria
Mónica, 24, owns a business located in the municipality of Sabanalarga, a town with talented, creative people which due to the commuting nature of its population has been designated one of the “bedroom” communities in Atlántico; its residents are tightly associated with employment and higher education in the city of Barranquilla.

She sells appliances, crafts, footwear, clothes and stationery supplies in her store. Her experience goes back five years to when she started out with support from her family who has commercial tradition. She has a sales point at her house where she sells to neighbors nearby and her main customers are teachers and government employees. She buys the merchandise in various regions of the country she travels to. She buys everything related to stationery supplies in Barranquilla, Atlántico Department. Everything to do with crafts she buys in San Pues in Córdoba Department and everything related to leather in Bucaramanga in Santander Department because they are the experts in shoes, purses and children’s clothes.

She is currently applying for a Kiva loan, her first financing with Fundación Mario Santo Domingo through which she’ll buy crafts, footwear and other items her customers have requested during pre-sale; she wants to have an impact on her loyal customers with prices and quality. Her Kiva loan will be successful because it will provide her with working capital to be able to buy in large volume thus obtaining discounts which will logically be part of her profits thus increasing her income.
View original language description ↓
Mónica de 24 años de edad es propietaria de un negocio ubicado en el municipio de Sabanalarga, población de gente talentosa y creativa y que por el desplazamiento diario de su población lo han señalado como uno de los municipios “dormitorios” del Atlántico, cuyos habitantes están estrechamente ligados a la oferta laboral y de educación superior en la ciudad de Barranquilla. Este es un negocio donde vende variedades como enseres, productos artesanales, calzado, ropa y papelería. Su experiencia data desde hace 5 años cuando lo inició apoyada por su familia de cultura comercial. Ella tiene un punto de ventas en su propia casa donde vende a los vecinos de su alrededor y sus clientes son principalmente docentes y empleados oficiales. Las mercancías la compra en diversas regiones del país a donde viaja: en la ciudad de Barranquilla en el departamento del Atlántico compra todo lo que tiene que ver con papelería y útiles escolares, en el municipio de San Pues en el departamento de Córdoba, todo lo que se refiere a las artesanías y en la ciudad de y en Bucaramanga en el municipio de Santander todo lo que tiene que ver con el cuero pues estos son especialistas en calzado, bolsos y también en ropa infantil. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará artesanías y calzado, artículos que han sido solicitados en su preventa y quiere impactar a su fiel clientela con precios y calidad. Su credikiva será una inversión exitosa, porque le aportará a su capital de trabajo la posibilidad de comprar en mayor volumen y obtener descuentos, que lógicamente formarán parte de sus utilidades y aumentaría sus ingresos.

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
  • 288
    View loans »
    Colombia Loans Fundraising
  • $14,049,825
    Funds lent in using Kiva
  • 1,787.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,750 helped Monica Maria to buy crafts and footwear.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2012
Listed
Aug 16, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014