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Carmen Elena
Carmen, age 57, sells natural medicines, cosmetics, clothes, perfume, and similar items. She started the business in 1999 when one of her friends taught her how. Before being an entrepreneur, she worked as an employee in a company.

Her main products are clothes, skin care products, moisturizers, products for weight control, and beauty products. She offers these products directly to her customers without intermediaries. She sells for cash and on credit. She has established a fixed clientele of housewives, independent workers, and people who work in businesses who also buy from her.

Her clientele has now grown, and she does not have enough working capital to respond to their orders. Therefore she needs to wait to recuperate her money from her accounts receivable.

That is why she turns to a Kiva loan. This is her first loan with the Fundación Mario Santo Domingo. She will use the loan to buy moisturizing products, weight reduction products, and cosmetics. These products will respond to her market. They will increase her sales volume and the structure of her business, which is the eventual objective she is pursuing.
View original language description ↓
Carmen de 57 años de edad es comerciante de medicamentos naturales, cosméticos, ropa, perfumería y similares, negocio que iniciara desde el año 1999, cuando una de sus amigas la enseñó, pues antes de se emprendedora trabajó como empleada de una empresa, sus principales productos son la ropa productos refrescantes, hidratantes, que controlan el peso y de belleza. A sus clientes ofrece estos artículos directamente sin intermediarios y en las modalidades de contado y a crédito. Ella ha estructurado una clientela fija, entre amas de casa, empleados independientes y trabajadores de empresas, que también le compran. En la actualidad su clientela se ha ampliado y el capital de trabajo con el que cuenta para responderle a sus pedidos no es suficiente, pues debe esperar recuperar el dinero producto de sus cuentas por cobrar; esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará productos hidratante, reductores de pesos y cosméticos, con los cuales dará respuesta a su mercado, aumentando así el volumen de sus ventas y la estructura de su negocio, porque finalmente ese es el objetivo que persigue.

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
  • 1,815.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,400 helped Carmen Elena to buy moisturizing products, weight reduction products, and cosmetics.
99% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2012
Listed
Sep 10, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014