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Julia Maria
Julia, 59, is married and is the mother of 4 children. Ten years ago she started up her own business venture, because her friend who used to sell perfumes, creams and cosmetics left this area and so an area of the market was not being attended to. Aware of an opportunity she stepped in, taking small orders for cologne and perfumes. She started to gradually buy glass display cases until she converted her business into a general store where she sells a variety of miscellaneous items. She added washing machines in order to offer this service to the housewives in the neighborhood. She makes her sales on credit every day from 8am until 9 at night, taking a period of rest in between. She makes her purchases mainly from wholesalers who sell products from multiple chains, and through specialized catalogs offering products or goods for sale. This is how she obtains her products to sell.

Julia's goal for the future is to buy more display cases and gradually expand her inventory of goods. This will allow her to attract more customers and better position herself in the marketplace over time. She has now approached the Fundación Mario Santo Domingo in order to request a Kiva loan to buy perfumes, cosmetics and clothing through orders, as well as two additional washing machines. This way she can generate other sources of income and see her business prosper.
View original language description ↓
Julia de 59 años de edad, casada y madre de 4 hijos, desde hace 10 años inició su propia aventura de negocios, pues su amiga que comercializaba perfumes, cremas y cosméticos se fue del sector y quedó este segmento de mercado sin ser atendido; ella muy consciente de la oportunidad intervino dando respuestas a pequeños pedidos de colonias y perfumería. Poco a poco fue comprando vitrinas y exhibidores hasta convertirla en la miscelánea de artículos que hoy ofrece y agregó lavadoras para ofrecer este servicio tan necesitado por las amas de casa de su sector. . Sus ventas las hace a crédito de lunes a domingos desde las 8 de la mañana hasta las 9 de la noches, con un descanso intermedio; ella compra principalmente a distribuidores de productos en multicadenas y mediante guías especializadas de productos o artículos o catálogos, con los que lanza su oferta. Su meta más adelante es comprar exhibidores y tener cada vez más un mayor surtido, que logre atraer y posicionarla cada día más. En la actualidad se ha acercado a la Fundación Mario Santo Domingo para solicitar un credikiva con le cual comprar perfumería, cosméticos y ropa por encargo así como también dos lavadoras mas; pues este un negocio que genera otros ingresos y en el que quiere prosperar también.



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
  • 563
    View loans »
    Colombia Loans Fundraising
  • $14,650,775
    Funds lent in using Kiva
  • 1,800.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Julia Maria to buy perfumes, cosmetics, clothing, and 2 more washers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2012
Listed
Sep 21, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013