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Isabel
Isabel, 56, makes a living selling footwear, clothing, cosmetics, silverwork, and other assorted goods that her customers request frequently. She tries to satisfy the demand with sources of financing so she can make purchases, get special discounts, and respond to her customers, who are the ones who generate the income to support the well-being of her household.

In 2001 she began selling small items to supplement her household income. Little by little her business grew and now she sells a bit of everything: footwear, clothing, cosmetics, and silverwork, on customer request. She offers loans in accordance with the capacity to pay and also sells in cash during her eight-hour day. Her main customers are her neighbors and referrals who have turned into steady customers.

Currently she's applying for a Kiva loan, her second financing from Fundación Mario Santo Domingo. With the previous loan she improved her liquidity, increased her sales, and earned more profit. With her Kiva loan she's going to buy wholesale and cash articles that her customers request at the end of the year, such as Christmas decorations, women's accessories, and other assorted goods.

Her 11 years of experience and knowledge of how the market behaves seasonally are the best indicators that her Kiva loan will be successful.
View original language description ↓
Isabel de 56 años de edad se dedica al comercio de calzado, ropa, cosméticos, platería y otras variedades que su clientela solicita muy seguido, por eso intentando complacerla recurre a fuentes de financiación, para tener capacidad de compra, lograr descuentos especiales y responder a la demanda de sus compradores, quienes son los que al final generan los ingresos para apoyar el bienestar de su hogar. Desde el año 2001, empezó vendiendo sencillos artículos, para complementar los ingresos de su hogar, su negocio poco a poco fue creciendo y hoy vende de todo un poco: calzado, ropa, cosméticos, platería, según pedidos de su clientela, a fines ofrece créditos de acuerdo a su capacidad de pago y también vende de contado en una jornada de 8 horas diarias. Sus principales clientes son sus vecinos, y referidos, los cuales se han constituido en compradores fijos. En la actualidad está aplicando a un credikiva, segundo financiamiento que hace a la Fundación Mario Santo Domingo, teniendo en cuenta que con el anterior crédito mejoró su liquidez, aumentó sus ventas y generó más utilidades. Con su credikiva, hoy comprará al por mayor y de contado artículos que solicitan sus clientes en la temporada de fin de año, como adornos navideños, accesorios femeninos y otras variedades. Sus 11 años de experiencia y el conocimiento de cómo se mueve el mercado en cada época, son los mejores indicadores, de que este, su credikiva sea muy exitoso.

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
  • 500
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,799.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Isabel to buy Christmas decorations, women's accessories, and other assorted goods.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2012
Listed
Oct 17, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013