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Magaly is 45 years old. She lives with her partner and her three children, aged from 11 to 21.

She has worked in sales for seven years. She sells merchandise through specialized product guides or catalogs, responding to orders that her clientele place as a result of her pre-sales work.

The main products that she works with are perfumes, cosmetics, creams, and women's accessories. Currently her clientele is increasing, and the demand for these products is moving in the same direction. But her working capital is proving to be insufficient to respond to her potential clientele. This is the reason why she is applying for a Kiva loan; the first she is taking out with Fundación Mario Santo Domingo.

With the loan, she will buy products that have become available at discounts in her catalogs, such as women's and men's colognes, perfumes, cosmetics and creams, which she will sell among her customers by extending short-term credit. These are customers she chooses very carefully and for whom she works tirelessly, 12 hours a day. Her aim is to increase her income more and more and achieve her dream of seeing her children complete their education and become outstanding professionals.
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Magaly de 45 años de edad, vive con su cónyuge y sus 3 hijos en las edades de 11 a 21 años. Ella desde hace 7 años, se dedica a la actividad comercial: vende mercancías mediante guías especializadas de productos o catálogos, respondiendo a pedidos que su clientela hace a través de su preventa. Los principales productos con los que trabaja son la perfumería, los cosméticos, las cremas y los accesorios femeninos. En la actualidad su clientela va en aumento y la demanda de estos productos ocurre en el mismo sentido, pero su capital de trabajo se torna insuficiente para responder a su potencial clientela. 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 productos que han llegado en descuentos en sus catálogos, como colonias femeninas y masculinas, perfumes, cosméticos y cremas, las cuales venderá a créditos, en plazos cortos entre su clientela, a la que escoge con mucho cuidado y por la que trabaja durante 12 horas diarias sin descanso, con el fin de aumentar cada vez más sus ingresos y lograr sus sueños de ver a sus hijos, que terminen sus estudios y sean unos profesionales brillantes.

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
  • 466
    View loans »
    Colombia Loans Fundraising
  • $15,270,025
    Funds lent in using Kiva
  • 1,799.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Magaly to buy colognes for women and men, perfumes, cosmetics and creams.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Sep 28, 2012
Oct 17, 2012
Currency Exchange Loss:
Nov 27, 2013