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Consuelo
Consuelo is 49 years old. She specializes in the sale of women's footwear. She has five years of experience in this business, which she decided to start because she has a friend in Bucaramanga, another city in Colombia, who owns a footwear factory. She uses this relationship to her advantage to generate profits. Consuelo receives the footwear from Bucaramanga and sells the shoes to neighbors, friends, and customers who are referred to her by these clients.

Consuelo will use her first loan from Kiva to buy sandals from women's footwear lines, as well as to buy handbags. She hopes that this investment will help her to increase the volume of her sales and to decrease her costs, since she will be able to buy the merchandise wholesale and in cash.

One day, Consuelo would like to make her own shoes to sell wholesale, and to continue to benefit her family. She has a 26-year-old son and a husband. Currently, she is in the process of improving her home, and she is waiting for a better income. She hopes to continue to earn money with this loan, and eventually to finish the expansion of her house.
View original language description ↓
Consuelo de 49 años está especializada en el comercio de calzado para damas. Ella tiene 5 años de experiencia con el negocio, el que decidió iniciar porque tiene una amiga en Bucaramanga, otra ciudad de Colombia, que tiene una fábrica de calzado y aprovecha esta relación para generar ingresos. De allí,Bucaramanga, Consuelo recibe calzado que vende a vecinos y amigos y a referídos por esta clientela.
Consuelo está aplicando a su primer crédito de Kiva, para comprar sandalias en todas las líneas de damas, y también para comprar bolsos. Ella espera con esta inversión ampliar el volumen de sus ventas y disminuir costos, por comprar de contado y al por mayor. Algún día, a Consuelo le gustaría fabricar sus propios zapatos para vender al por mayor y seguir beneficiando a su familia en la que existe un hijo de 26 años y su cónyuge. En la actualidad está en el proceso de mejorar su vivienda, y espera mayores ingresos para poder con este crédito ganar dinero y mas adelante terminar las ampliaciones de su casa.

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
  • 244
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,830.4
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,100 helped Consuelo to buy sandals from women's footwear lines, as well as handbags.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2012
Listed
Nov 6, 2012
Currency Exchange Loss:
Possible
Expired:
Dec 6, 2012