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Diana
Diana lives in the southwestern area of the city, where she has been working in retail for six years. The main items she sells are clothing items, bedspreads, sheets, and home accessories. She makes credit and cash sales among neighbors, friends, family members, and referrals, who make up her list of customers. Her business has allowed her to achieve the goal she set when she started out, which was none other than to generate enough income to cover her home expenses. By working approximately eight hours a day, she has managed to keep her business going, and her goal for prosperity is to expand more and more until she makes it into a large shop where she can offer all the products the customers in her neighborhood need.

Diana makes cash purchases every week according to the orders she receives from her customers. Her investment depends a lot on how much she has recovered from outstanding accounts. This often prevents her from being as efficient as her customers require, which is why she has turned to a Kiva loan. This is the first time she requests financing from Fundación Mario Santo Domingo, and she will use it to buy bedspreads, women's clothing, and home accessories, so that she may increase sales and, accordingly, her projected earnings, which she plans to use to keep increasing her own well-being, as well as that of those around her.
View original language description ↓
Diana, vive al sur occidente de la ciudad, lugar donde, se dedica al comercio, desde hace 6 años; los principales artículos son prendas de vestir, cubrelechos, sabanas y artículos para el hogar, que vende en las modalidades de crédito y de contado entre vecinos, amigos, familiares y referidos que hacen parte de su lista de clientes. Con su negocio ha logrado el propósito por el cual lo emprendió que no fue otro que el de generar ingresos para responder a los gastos de su hogar; trabajando en él aproximadamente 8 horas diarias, ha logrado sostenerlo y su meta de prosperidad es hacerlo crecer cada vez mas hasta convertirlo en un gran almacén donde ofertar todos los productos que la clientela de su barrio requiere. Diana compra semanalmente de contado de acuerdo a la solicitud que recibe d su clientela y su inversión depende mucho de la recuperación que tenga de sus cuentas por cobrar; esto hace que muchas veces no sea tan oportuna como su cliente lo requiere; esta es la razón para acudir a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará cubrelechos, ropa femenina y accesorios para el hogar, con el fin de aumentar sus ventas y por consiguiente sus utilidades previstas, con las que proyecta aumentar cada vez mas su bienestar y el de los suyos.

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
  • 138
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,810.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Diana to purchase bedspreads, women's clothing, and home accesories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2012
Listed
Sep 7, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 19, 2013