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Ruby
Ruby is 55 years old and sells food and clothing, a business she began 32 years ago because she decided to go into business when she was young. Her parents were very enterprising and she learned to work from them. She used to have a neighborhood store, but it took too much time, so she changed to delivering food so that she could spend time with her children. She accepts cash and credit, depending on the customers and whether they are new or longstanding. Ruby makes her purchases in cash in the Guajira department and works Monday through Saturday from 8:00 am to 7:00 pm, delivering to the stores in the area.

Ruby has had 21 loans through Fundación Mario Santo Domingo and her business has grown since she affiliated with this organization; and she has been able to provide an education for her children, so that she can continue to expand their own future possibilities.

Her goal is to continue expanding her business and for her children have their own homes someday. She will use the money from this Kiva loan to buy rice, cooking oil, milk, and clothing. This latest item is to fill requests from customers for the upcoming end of year festivities, where she expects to make her best sales for the year.
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Ruby de 55 años de edad, se dedica a la venta de ranchos víveres, y ropa en general, negocio que inició desde hacen 32 años, porque desde muy joven se dedicó al comercio, ya que sus padres fueron muy emprendedores y con ellos aprendió a trabajar. Inicialmente tenía una tienda de barrio, la que le consumía mucho tiempo y por eso cambió a otra actividad como la distribución de víveres, con el fin de pasar un mayor tiempo con sus hijos. Su negocio maneja el crédito y el contado simultáneamente, depende de si los clientes son fieles o apenas inician las negociaciones con Ruby, quien realiza sus compras en el departamento de la Guajira, de contado, trabajando de lunes a sábados, desde las 8 de la mañana, hasta las 7 de la noche, distribuyendo entre las tiendas del sector. Ruby ha aplicado a 21 préstamos con la Fundación Mario Santo Domingo, y desde que está vinculada a esta organización ha logrado su crecimiento empresarial y darle estudios a sus hijos, para que sigan ampliando sus posibilidades futuras de sostenimiento. Su meta es continuar ampliando su negocio y que sus hijos algún día tengan su propia casa. En la actualidad está aplicando a un credikiva, con el cual comprará arroz, aceite, leche, y ropa, esta última inversión es sobre pedidos que han hecho sus clientes, a propósito de las fiestas de fin de año que se acercan y en las cuales espera hacer su mejor venta del año.

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
  • $14,958,950
    Funds lent in using Kiva
  • 1,802.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,400 helped Ruby to stock her business.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2012
Listed
Dec 12, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014