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Beatriz
Beatriz, 31, is a widow and mother of three children. She decided to start her own business venture encouraged by a girlfriend who is a merchant and wholesaler of various articles. In order to fulfill her obligations as a woman who is head of household, she started selling varied merchandise at retail among customers located around her neighborhood and to friends and referred customers mainly employees who work in firms and whose salaries are insufficient for them to pay cash for the items Beatriz sells and their families need like steel and silver rings, charms and chains with stones. She sells daily on credit and often for cash; she works from 8 in the morning until 7 at night. Her clientele has been gradually growing and she four years’ experience tells her that she must apply for a loan in order to expand the volume of her sales.

This is why she’s called on Fundación Mario Santo Domingo where she’s had one previous loan that helped her increase her buying capacity and her number of customers. This is the reason behind her applying for a Kiva loan, her second loan from this organization, that she’ll use to buy costume jewelry, steel and silver accessories, that sell very well during the year’s second semester which is when the end-of-year parties approach and people want to look very elegant.

Her goal for later on is to become a wholesaler of these products and to supply many variety stores that she’s already making initial contacts with. Her experience and her capacity to make her dreams reality are the most important strength her business can rely on to make her Kiva loan a successful investment.
View original language description ↓
Beatriz de 31 años de edad y en condiciones de mujer viuda y madre de 3 hijos, decidió emprender su propia aventura de negocios, impulsada por una amiga comerciante y mayorista de artículos varios; Para atender su responsabilidad de mujer cabeza de familia, se dedicó a la venta de mercancía variada y al detal, entre clientes ubicados en el sector donde habita y amigos y referidos, principalmente empleados que trabajan en empresas y con sus ingresos no alcanzan a comprar de contado, artículos que Beatriz vende y que sus familias requieren, como anillos, dijes y cadenas en pedrería, en acero y plata. Sus ventas las realiza a crédito y muchas veces de contado y con una frecuencia diaria, trabajando desde las 8 de la mañana hasta las 7 de la noche. Su clientela poco a poco ha crecido y su experiencia de 4 años le indica, que debe aplicar capital de crédito para poder ampliar el volumen de sus ventas, por eso ella ha acudido a la Fundación Mario Santo Domingo, donde realizó anteriormente 1 crédito, que le ayudó a incrementar su capacidad de compra y así mismo el número de su clientes. Esta es la razón por la cual acude a un credikiva, segundo crédito a esta organización, con el cual comprará artículos de bisutería, accesorios en plata y en acero, los cuales son muy vendidos en la temporada del segundo semestre del año, época en la cual se acercan las fiestas y su clientela quiere lucir muy elegante. Su meta más adelante es convertirse en mayorista de estos productos y surtir a muchas misceláneas, con las cuales está haciendo su primer contacto y es que su experiencia y su capacidad para cumplir sus sueños, son la fortaleza más importante con la que cuenta su negocio, para hacer de su credikiva una inversión exitosa.

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
  • 164
    View loans »
    Colombia Loans Fundraising
  • $13,194,000
    Funds lent in using Kiva
  • 1,799.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Beatriz to buy steel and silver costume jewelry.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2012
Listed
Oct 17, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013