Check out some available loans that are similar to this one!
Gregoria
Gregoria, 48, lives in the south of the city with her partner and her 20-year-old daughter. She hopes to see her daughter become a successful professional and this is what pushed her forward in her day to day life. Gregoria earns money for her household through a business in which she prepares and sells natural juices, soft drinks, candy, and fried foods. She also sells a variety of merchandise, like personal hygiene products, soaps, creams, disposable products, towels, tablecloths, etc. She sells for cash, working every day of the week. Her customers are mainly shopkeepers and residents of the neighborhood where she lives. Increasing her sales in the upcoming holiday season at the end of the year is proving to be a challenge. She doesn't have enough working capital to increase her inventory and earn more income, taking advantage of the season.

This is why she is resorting to a Kiva loan, with which she will buy personal hygiene products, like toothpaste, and ingredients to make sancochos (a traditional stew) and foods made with wheat flour, like arepas and empanadas, etc. With this investment, she plans to expend her sales and make more money than she usually makes at other times during the year. Her markets are the stores, workers, and patients in a nearby hospital. This is in addition to her neighbors, who like the products that Gregoria sells and buy them consistently.
View original language description ↓
Gregoria de 48 años, vive al sur de la ciudad con su cónyuge y su hija de 20 años de edad, con quien sueña ver convertida en una profesional de éxito y es el motor que la impulsa en su día a día. Gregoria genera ingresos que benefician su hogar, a través de un negocio mediante el cual prepara y vende diariamente, jugos naturales, refrescos, dulcería, productos fritos y además vende mercancía variada, como útiles de aseo personal, jabones, cremas, desechables, toallas, manteles etc,. Sus ventas las realiza de contado, trabajando durante todos los días de la semana y sus clientes son principalmente tenderos y habitantes del barrio donde habita. Aumentar las ventas en esta temporada de fiestas que se acerca, a finales del año, se ha convertido en todo un desafío, porque su capital de trabajo no es suficiente para aumentar el inventario y con ello generar más utilidades, aprovechando la época. Esta es la razón por la cual acude a un credikiva, mediante el cual comprará productos de aseo personal, como cremas dentales, e insumos, para prepara sancochos y derivados de la harina de trigo, como arepas empanadas etc. Con esta inversión planea aumentar sus ventas y generar mayores utilidades, que las que usualmente obtiene en cualquier otra época del año, pues su mercado son las tiendas y trabajadores y pacientes del hospital cercano, además de sus vecinos del barrio que les gusta los productos que Gregoria vende y le compran permanentemente.

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
  • 283
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,816.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Gregoria to buy personal hygiene products like toothpaste, and ingredients to make sancochos and wheat flour products.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2012
Listed
Nov 23, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013