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Norella Patricia
Six years ago, Norella Patricia noted that her house was well-situated for an Internet access room and that there were no others in the neighborhood. She opened providing her customers with photocopying services, Internet access service and mobile phone calls. It’s open every day from 8am until 9pm. It’s a lot of work for Norella but she doesn’t mind because she has to earn income to provide wellbeing for her 10-month-old son and this is why she’s trying to increase her income to be able to set aside a monthly amount to save and someday, if she earns enough money, to buy her own house.

Norella is applying for the Kiva loan she needs to properly equip her Internet access site. She will buy a printer, a computer and credits for international phone calls because she wants to expand coverage of her business so that her customers will be more satisfied and comfortable each time.

This would be the first financing she gets from Fundación Mario Santo Domingo and success for her resides not only in her capacity for work and her own motivation but also because market potential exists that she’s not yet explored due to insufficient capital.
View original language description ↓
Hace 6 años, Norella Patricia se dio cuenta de que su vivienda estaba bien ubicada para ofrecer una sala de internet, y que no habían otras en el barrio. Ella abrió entonces su sala, ofreciendo a sus clientes servicio de comunicaciones por internet, fotocopiaje y llamadas a celulares. La sala funciona todos los días desde las 8 de la mañana, hasta las 9 de la noche. Es mucho trabajo pero a Norella no le importa, porque tiene que proveer ingresos, para apoyar el bienestar de su hijo de 10 meses, y por eso está intentando incrementar sus ingresos, para establecer unos montos de ahorros mensuales – y algún día, si gana suficiente dinero, obtener su propia vivienda.
Norella necesita y está aplicando a un crédito de Kiva, para adecuar la infraestructura de su sala: va a comprar una impresora, un computador y créditos para llamadas internacionales, porque quiere ampliar la cobertura de su negocio, con el fin de que sus clientes estén muy satisfechos y cada vez más confortables. Este sería el primer financiamiento que hace a la Fundación Mario Santo Domingo y su razón de éxito radica no solo en su capacidad de trabajo y en sus propias motivaciones, sino también porque existe un potencial de mercado, que aun no ha explorado, porque su capital de trabajo no ha sido suficiente para hacerlo.

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

  • $11,100
    Average annual income
  • 482
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,801.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Norella Patricia to buy a printer, a computer and international phone call credits.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2012
Listed
Oct 8, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013