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Carmen Elena
Carmen Elena, who is 62 years old, lives in the town of Soledad with her husband. They have two daughters, ages 43 and 29. She located a store in a space in her home. There she sells products for daily use, in small quantities, to the families of her community, in accordance with her capacity to make purchases. Her business initiative began in the year 1999, even though she had experience in stores since 1972. For this reason she began little by little, but with firm steps. First she bought a refrigerator, then she added rice, oil, sugar, and finally meat, dairy products, and soft drinks. Now her business is going well for her. Every day she sells from 5 in the morning until 9 at night, sometimes for cash and sometimes on credit, since she has a customer base whom she knows, and she finances their daily purchases, because they pay her weekly. Her customers are from the neighborhood where she lives and its surroundings, since they know that in her store they will find everything they need. Recently her customers have increased, and her working capital has become insufficient to meet their demand, because the turnover is very rapid and she constantly needs to be placing orders, which gets her behind in her sales tasks. This is why she is turning to a Kiva loan, with which she will buy milk products and sausages, in addition to a display case to improve the appearance of her business premises. With a Kiva loan, she will make this investment and will succeed in improving her stock and increasing her daily sales, because they grow during the Christmas and New Year's seasons, making the investment of a loan very effective.
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Carmen Elena de 62 años de edad, vive en el municipio de Soledad con su cónyuge y tiene 2 hijas en las edades de 43 y 29 años. Ella en un espacio de su vivienda, ubicó una tienda, en la que vende en pequeñas proporciones, los bienes de consumo diario, a las familias de la comunidad, de acuerdo a sus capacidades de compra. Su iniciativa de negocio nació en el año 1999, aunque tenia experiencia en tiendas desde el 1972, por eso ella comenzó poco a poco, pero con paso firme; primero compró un enfriador, luego agregó arroz, aceite, azúcar y finalmente carnes, lácteos y refrescos. Hoy en su negocio le va bien, vende diariamente desde las 5 de la mañana hasta las 9 de la noche y unas veces de contado y otras a crédito, pues tiene una cartera de clientes que ya conoce y les financia sus compras diarias, para que le paguen semanalmente. Sus clientes están ubicados en el barrio donde habita y en sus alrededores, pues ellos saben que en su tienda, encuentran todo cuanto necesitan; últimamente su clientela ha aumentado y su capital de trabajo resulta insuficiente para responder a la demanda, porque la rotación es muy rápida y necesita estar haciendo pedidos continuos, que atrasan su tarea de ventas. Esta es la razón por la cual acude a un credikiva, con el cual comprará productos lácteos, y embutidos, además de una vitrina para mejorar la presentación en sus instalaciones. Con su credikiva, hará esta inversión y logrará mejorar su surtido e incrementar sus ventas diarias, porque estas se crecen en las navidades y época de fin de año, haciendo que la inversión de un crédito sea muy efectiva.

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
  • 167
    View loans »
    Colombia Loans Fundraising
  • $12,834,025
    Funds lent in using Kiva
  • 1,816.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Carmen Elena to buy dairy products, sausages, and also a display case.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2012
Listed
Nov 23, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013