Check out some available loans that are similar to this one!
Maria
María, 27, has been in the brick making business for five years. She sells to private customers and contractors, and also supplies blocks to a recreational center that is constantly increasing its orders. Her business consists of the process of preparation, mixing and pouring material into dry molds. Her sales are transacted in cash and she works Monday through Saturday. She also buys her materials in cash at hardware stores in the town of Malambo where she lives and her business is located. Her target market are hardware stores, so her goal is to increase her production volume to attract as many as she can as fixed customers.

Her greatest difficulty is the lack of working capital to increase production and sales. This is the reason she is requesting her first CrediKiva loan through the Mario Santo Domingo Foundation. She will use it to buy cement, sand and molds. With this investment she will be able to increase her stock of blocks and increase her offer, making her CrediKiva successful.
View original language description ↓
María de 27 años tiene un negocio, mediante el cual fábrica bloques, desde hace 5 años. En su blockera, vende a clientes particulares, contratistas, y actualmente suministra bloques para un centro recreacional, que cada vez mas aumenta sus pedidos; en su negocio se desarrolla el proceso de preparación, mezcla, vaciado en moldes secado; las ventas las realiza de contado, de lunes a sábado y también compra los materiales de esta misma manera, en Ferreterías ubicadas en el municipio de Malambo, donde habita y tiene su negocio; su mercado objetivo son las ferreterías, por eso su metas es la de incrementar el volumen de producción y la de captar la atención de un mayor número de ferreterías como clientes fijos. Su mayor desafío es el insuficiente capital de trabajo para lograr una mayor producción y aumentar sus ventas. Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará cemento, arena y moldes; con esta inversión logrará tener un mayor inventario de blockes y así mismo incrementar la oferta, lo cual constituye el éxito de 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
  • 192
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,800.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Maria to buy cement, sand and molds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2012
Listed
Sep 29, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 25, 2014