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Karen
Karen, 28, sells general merchandise, such as shoes, clothing, household items, cosmetics, perfume and anything a customer may request. She has customers in the area around her home where she lives with her husband and two children, ages 4 and 11. Karen started her business six years ago when, together with her sister and mother, she started a business similar to the one her parents-in-law had. Even though business did not go as they had expected, because it was not very visibile, they continued and are now earning a living with business going well. They are located on a busy street with many pedestrians.

She is currently requesting a CrediKiva loan, her first from the Mario Santo Domingo Foundation, to buy shoes, clothing, cosmetic products, stationery goods, minutes, recharges and confectionery. With this investment she will fill the display cases and be able to meet the demand of her customers. Her company goal is to expand her local infrastructure, and on a personal level, she wants to buy two apartments to rent them. Her greatest challenge is for her children to get a good education.
View original language description ↓
Karen de 28 años de edad se dedica a la venta de mercancía en general, eso es que así como vende calzado también lo hace con ropa, artículos para el hogar, cosméticos, perfumería y todo lo que su clientela le solicite. Ella maneja una clientela ubicada en el sector donde tiene su domicilio, donde vive con su esposo y tiene 2 hijos en las edades de 4 y 11 años de edad; Karen inició su negocio desde hace 6 años, cuando con su hermana y su madre emprendieron un negocio similar al que practicaban sus suegros; aunque no les fue como ellas querían pues el sitio no era visible, insistieron y han permanecido en su actividad que hoy genera ingresos y les ha ido muy bien, porque están ubicadas en un local bien establecido en una calle de mucho tráfico peatonal . En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará calzado, ropa, productos cosméticos, papelería, minutos, recargas y confitería; con esta inversión surtirá mas su vitrina y atenderá aun más, la demanda por parte de sus clientes, sus meta empresarial es ampliar su infraestructura locativa, mientras sus metas familiares consisten en hacer dos apartamentos para alquilarlos y que sus hijos reciban una buena educación, que es su mayo desafío.

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
  • 155
    View loans »
    Colombia Loans Fundraising
  • $12,812,550
    Funds lent in using Kiva
  • 1,804.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Karen to buy shoes, clothing, cosmetic products, stationery goods, confectionery, minutes, recharges, etc.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2012
Listed
Sep 24, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2013