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Victoria
Victoria comes from a municipality south of Barranquilla called Santo Tomas, but eight years ago she had to move to Puerto Colombia, a coastal town on the shores of the Caribbean Sea, because her husband works for a chain of drugstores and was assigned to manage the stores in Puerto Colombia. Now, Victoria helps him with her income from selling cosmetics and other products by catalog. She also sells merchandise that she buys independently in Barranquilla, such as jeans, shirts, shoes and bags. She also has a newspaper distribution business with four salespeople. All of these businesses help Victoria to provide for the well-being of her two children, ages 14 and 16 years old. She normally obtains a margin of utility of no less than 35 percent.

Victoria is applying for a "credikiva" -- her first funding through Fundación Santo Domingo -- in order to buy merchandise at a discount and in greater quantities, both from catalogs and through her independent purchases. Victoria hopes to be able to continue expanding her business and she also wants to finish remodeling her house to make it safe and comfortable for her family so that they can all enjoy a comfortable environment.
View original language description ↓
Victoria viene de un municipio al sur de Barranquilla, llamado Santo Tomas, pero hace 8 años tuvo que mudarse a Puerto Colombia, un pueblo en la costa a orillas del mar Caribe; porque su esposo trabaja con una cadena de droguerías y le asignaron la administración de esas droguerías en Puerto Colombia. Ahora, ayuda a él, con los ingresos procedentes de la venta de productos cosméticos entre otros mediante un catálogo, y también vende mercancía que compra independientemente en el centro de Barranquilla, como jeans, camisas, calzado y bolsos. Además, ella tiene una distribuidora de periódicos y cuenta con 4 vendedores. Todos estos negocios la ayuda a proveer bienestar para sus dos hijos de 14 y 16 años, y ella normalmente obtiene una margen de utilidad no menor del 35%. Victoria está aplicando a un credikiva, su primer financiamiento con la Fundación Mario Santo Domingo, para poder comprar mercancías en descuentos y en mayor volumen, tanto del catalogo como la que compra independientemente. Victoria espera poder seguir ampliando su negocio, y también quiere terminar de remodelar su vivienda para que sea segura y cómoda para su familia y todos disfruten de un ambiente muy confortable.

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
  • 174
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,801.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Victoria to buy merchandise at a discount and in greater volumes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2012
Listed
Oct 13, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2013