Check out some available loans that are similar to this one!
Carmen Irene
Carmen is 48 years old and lives in the municipality of Soledad. She makes a living selling various items such as frozen meats, pens, ice cream, ice, and other merchandise from catalogs. Carmen began this business five years ago. Before, she sold lottery tickets, but it was not a good job for her so she decided to open her current business.

Carmen's biggest challenge has been a lack of working capital to invest in her merchandise orders so that she can increase her sales and, thus, increase her profits. For this reason, she is requesting a Kiva loan, her first with Fundación Mario Santo Domingo, with which she plans to buy more products, such as frozen meats in bulk, cosmetic products, and fantasy items. With this capital investment, her business will have more liquidity and she will increase her sales and profits. Carmen's main goal for her business is to continue increasing her client base, who are currently mostly friends and family, in order to sell more items.

Carmen closely looks after her family and she hopes to be able to educate her grandchildren.
View original language description ↓
Carmen de 48 años vive en el municipio de Soledad y se especializa en la venta de una variedad de cosas: carnes frías, bolis, helados, hielo, y mercancía que exhibe mediante su guía especializada de productos de catálogo. Ella inició este negocio hace 5 años, porque antes, vendía lotería, pero no fue para ella un buen trabajo y por eso se dedicó al comercio. El desafío más grande para Carmen es la falta de capital de trabajo para invertir en sus compras, para aumentar sus ventas y obtener mayores utilidades. Por eso, está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el que planea comprar más productos, como carnes frías al por mayor, productos cosméticos, fantasía y variedades. Con esta inversión de capital, tendrá mayor liquidez y un aumento en sus ventas así como en sus utilidades. Las metas de Carmen para su negocio, es continuar creciendo en su clientela, lo que le proporciona el incremento de sus ventas, y que por el momento, son vecinos y amigos. Carmen cuida mucho a su familia, y su sueño de prosperidad familiar es poder educar a sus nietos.

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
  • 465
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,830.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Carmen Irene to buy wholesale frozen meats, cosmetics, and fantasy items.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2012
Listed
Nov 6, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2013