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Maria
Maria, 56 years old, has a business in the center of the city of Barranquilla in a predominantly commercial area. In her store she sells sport and casual lines of shoes for women, men and children. The business was born 35 years ago when, over a period of 22 years, she traveled to Maicao, a city on the border of the country, to buy varied merchandise that she distributed among the merchants in market stalls. When she acquired good experience with her own effort, she bought a market stall and set up to sell in a fixed location, which is where she is currently located. The main items that she offers are sandals, flip-flops and sports shoes that she sells for cash, from 8:30 in the morning until 6:00 in the afternoon. Her customers are passersby and informal merchants of the area that buy from her on credit and with cash.

The high peaks of sales in her business occur during the second half of the year, especially in the final quarter. It is precisely in this period that her working capital becomes insufficient to respond to the high demand that her products have in her business. This is the reason why she turns to a Kiva loan, her first financing from Fundación Mario Santo Domingo, with which she will buy in greater volumes footwear, sandals and flip-flops. With these she will stock her business and respond to the customers that have already ordered with her.

Her goal is to expand her business, acquiring another well-located sales location and her greatest challenge is that her working capital is not sufficient to achieve the goal in the short term but step by step she, with work, will manage to reach it.
View original language description ↓
Maria de 56 años de edad tiene un negocio en el centro de la ciudad de Barranquilla, en una zona eminentemente comercial; en él vende calzado en la línea deportiva e informal, para damas caballeros e infantil, negocio que nació desde hace 35 años cuando por espacio de 22, viajaba a Maicao, una ciudad fronteriza del país, a comprar mercancías variada que distribuía entre comerciantes de colmenas; cuando adquirió buena experiencia con su propio esfuerzo, compró una colmena y se instaló a vender en un punto fijo, en el que actualmente se encuentra. Los principales artículos de su oferta son sandalias, chancletas, y calzado deportivo, que vende de contado, desde las 8:30 de la mañana hasta las 6:00 de la tarde. Sus clientes, son transeúntes y comerciantes informales del sector que le compran a crédito y de contado. Los picos altos de ventas en su negocio, ocurren durante el segundo semestre del año, especialmente en el trimestre final, justamente en este periodo su capital de trabajo se vuelve insuficiente para responder a la gran demanda que tienen sus productos en su negocio. Esta es la razón por a cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará en mayor volumen calzado, sandalias y chancletas, con ellas surtirá su negocio y responderá a los clientes que ya le han encardo. Su meta es ampliar su negocio, adquiriendo otro punto de ventas bien ubicado y su mayor desafío es que su capital de trabajo, no es suficiente para lograr la meta a corto plazo, pero paso a paso ella con trabajo logrará alcanzarla.

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
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,797.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Maria to buy shoes, sandals and flip-flops in greater volumes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2012
Listed
Oct 20, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013