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Milena Patricia
Milena is 31 years old and has a small business in a nearby town where she sells party supplies such as piñatas, balloons, strikers, and other things which she sells from 8:00 am to 8:00 pm. Her brother in law helped her start her business because he is a veteran merchant and helped her get merchandise because she only had a little capital. Her greatest challenge was to have enough money to invest and increase her sales of quick selling items given the high demand in her sector. Little by little her business was growing and the increase in requests for merchandise and increased number of customers has prompted her to request a Kiva loan.

This will be her first loan through Fundación Mario Santo Domingo and she will use the money to buy balloons, cards, piñatas, candy, envelopes, and consumables. This will allow her income to increase as a result of increased sales and a good investment of her Kiva loan.
View original language description ↓
Milena de 31 años de edad tiene un pequeño negocio, en un municipio cercano a la ciudad, donde vende artículos de piñatería o productos especializados para fiestas, como globos, stikers y recipientes de icopor, los cuales vende de contado desde las 8 de la mañana hasta las 8 dela noche, en una frecuencia diaria. Su negocio nació, pues su suegro le dio el apoyo en conocimientos debido a que es un veterano comerciante y también facilitó mercancías, porque solo contaba con un pequeño capital para lograr surtirlo. De esta manera su gran desafío era tener suficiente dinero, para invertirle e incrementar las ventas de artículos con mayor rotación, por la fuerte demanda del sector. Poco a poco su negocio fue creciendo y hoy las solicitudes de mercancias y el aumento de clientes, es su día a día, por eso está aplicando a un credikiva, pues el final de año es una época de grandes celebraciones familiares y el capital resulta insuficiente, para responder a la demanda de su mercado. Con su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, comprará globos, tarjetas, piñatas, dulces, sobres y artículos de consumo masivo, que hará que sus ingresos se incrementen, al lograr un aumento en sus ventas, producto del capital aplicado, que hacen de su credikiva una inversión de mucho éxito.

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
  • 298
    View loans »
    Colombia Loans Fundraising
  • $13,838,275
    Funds lent in using Kiva
  • 1,802.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Milena Patricia to stock her store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2012
Listed
Dec 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014