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Lucy
Lucy, 49, is a merchant; she has six years’ experience selling cosmetics like creams, lotions, deodorants and she also sells underwear via specialized catalogues. The business was recommended to her by a girlfriend who also was in this type of business.

Lucy distributes her products after having carried out a pre-sale which is when she takes all her customer orders and places her orders by phone. Her main buyers are her neighbors and people referred by them. She sells on credit and sometimes for cash. Her work schedule starts very early and ends 8 hours later and during breaks she does her housework.

She is currently applying for a Kiva loan, her first financing with Fundación Mario Santo Domingo that she’ll use to buy underwear, cosmetics, costume jewelry, creams, lotions, deodorant and underwear that is in her catalogue with special promotional prices; she wants to surprise her customers with them who will be very happy to learn that their favorite products can be purchased for prices they can afford.

Her goal for later on is to expand the business with a more varied inventory of products purchased at good prices which is precisely what she will be able to do when she has the money in hand from her Kiva loan and will be able to choose more options.
View original language description ↓
Lucy de 49 años de edad es una mujer comerciante que tiene 6 años de experiencia en la venta de productos cosméticos como cremas, lociones, desodorantes y también vende ropa interior, mediante guías especializadas; negocio en el cual fue recomendada por una amiga que también se dedicaba a esta actividad. Lucy distribuye los productos después de haber hecho una preventa, para identificar todos los encargos de sus clientes y telefónicamente hace sus pedidos. Sus principales compradores son vecinos y referidos por estos, a quienes les vende a crédito y algunas veces de contados. Su horario laboral empieza desde muy temprano y termina 8 horas después y en el intermedio también realiza las tareas propias de su hogar. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará ropa interior, cosméticos, bisutería, cremas lociones, desodorante y ropa exterior que ha llegado en sus catálogos con precios especiales y con ellos quiere sorprender a su clientela, que muy feliz estará al conocer que sus productos preferidos, pueden comprarlos fácilmente aun precio que pueden pagar. Su meta mas adelante es ampliar su negocio con un surtido de inventarios diversos y comprado a buenos precios y esto es justamente lo que conseguirá cuando tenga el dinero en sus manos y pueda elegir mas opciones, como es lo que ocurre con su credikiva.

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
  • 174
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,700 helped Lucy to buy underwear, cosmetics, costume jewelry, creams, lotions, deodorant, and clothing.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2012
Listed
Aug 21, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014