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Eduvigues
Eduvigues, a 39-year-old woman, works in the sale of beer and ice in her coastal community, the neighborhood of La Playa which is in the outskirts of Barranquilla. La Playa is a tourism sector because it is on the shore of La Ciénaga de Mallorquín, a coastal lagoon, where many people come on weekends to bathe, eat, fish, and drink. Therefore, Eduvigues took advantage of this opportunity and started a business selling beer. Before, she had a permanent place to sell lunch and beer, but the owners of her store evicted her because they wanted to use the place themselves. She continued to sell beer and ice from her home, not only to tourists and visitors but also to some neighbors. She has 15 years of experience in this business, working every weekend from 7 a.m. to 10 p.m.

Now, Eduvigues is applying for a loan from Kiva, her first loan with the Fundación Mario Santo Domingo. She is going to invest the loan in buying beer, because now she has to buy from intermediaries and the product becomes more expensive. She wants to be able to buy direct in larger quantities to lower her expenses. Also, she wants to buy a cooler to store the beer. She hopes that this loan will help her to increase her revenue and products in the store; she has two sons who are 13 and 14 years of age and one 12-year-old daughter, and she wants to make more money so that they can continue with their studies. Eduvigues and her husband, due to lack of resources, were not able to study, and they want their children to have more opportunities by having a high-quality education.
View original language description ↓
Eduvigues, una mujer de 39, trabaja en la vente de cervezas y hielo en su comunidad costera, el barrio de La Playa que está en los alrededores de Barranquilla. La Playa es un sector turístico porque está en la orilla de La Ciénaga de Mayorquin, una laguna costera, donde llegan muchas personas los fines de semana a bañarse, a comer, pescar y tomar. Por eso, Eduvigues aprovechó de esta oportunidad e inició un negocio de venta de cerveza. Antes, ella tenía un lugar fijo para vender almuerzos y cervezas, pero los dueños de su punto de venta la desalojaron porque quería usar el lugar ellos mismos. Ella seguía vendiendo cerveza y hielo desde su casa, no solo a los turistas y visitantes sino a algunos vecinos también. Tiene 15 años de experiencia en este negocio, trabajando todos los fines de semana desde las 7 de la mañana hasta las 10 de la noche.
Ahora, Eduvigues está aplicando a un préstamo de Kiva, su primer préstamo con la Fundación Mario Santo Domingo. Va a invertir el crédito en la compra de cerveza, porque ahora ella tiene que comprar desde intermediarios, y le sale más costoso el producto. Ella quiere poder comprar directo en cantidades mayores para bajar sus costos. También, quiere comprar un enfriador para almacenar la cerveza. Ella espera que este crédito le ayude a aumentar sus ingresos productos del negocio; ella tiene 2 hijos de 13 y 14 años y una hija de 12 años, y quiere ganar mas, para que ellos puedan seguir adelante con los estudios. Eduvigues y su esposo, por la falta de recursos, no pudieron estudiar, y ellos quieren que sus hijos tengan más oportunidades teniendo una educación de mucha calidad.

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
  • 473
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,801.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Eduvigues to buy beer and a cooler to store it.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2012
Listed
Oct 14, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 19, 2013