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Eunice
Eunice is 41 years old and has an ornamental iron workshop where she makes grills; mainly for doors and windows. Her business is located in an area of her home, in the town where she lives with her partner and her children, ages 3 to 10.

She needs to buy steel, sandpaper, welding rods and polishing disks. Her aim is to increase her output and obtain discounts by acquiring these raw materials in bulk and getting good prices. This is in order to pass them on to her customers at the end of the transaction.

Her funds are insufficient to respond to the growth in her demand. This is because she sells 50% on credit and 50% for cash, and her recovery of debts is not timely enough to respond to her orders. For this reason, investing becomes a great challenge. This is why she is applying for a credikiva loan, her second with Fundación Mario Santo Domingo.

With the loan, she will buy the necessary supplies so that she can succeed in being effective and increasing her income once again. This because the first loan enabled her to fulfill the needs of her loyal clientele, which she has built in the 24 years since she began, after having taken a course through the National Learning Service (SENA). There she learned the basic elements of ornamental iron work: designing, measuring, cutting steel, welding, polishing, painting and installing.

Today in her business, she has a sales frequency of five days, buying the supplies for cash at steel distributors. With her business she is fulfilling her objective, for which her idea was born, which is to generate income to help with household expenses, responding in this way to the lack of job opportunities and to the support she has received from her uncles. They were the ones who supplied her with her first working capital, so that someday she could get ahead in life, which remains the goal she still dreams of.
View original language description ↓
Eunice de 41 años de edad, tiene un taller de ornamentación donde fabrica rejas, puertas y ventanas principalmente; su negocio está ubicado en un espacio de su domicilio, en el municipio donde habita al lado de su cónyuge y sus hijos en las edades de 3 a 10 años. Ella requiere comprar hierro, lijas, barras de soldadura, discos para pulir, con el fin de aumentar su producción y conseguir descuentos, por adquirir estas materias primas en volúmenes y lograr buenos precios, para trasladárselos a sus clientes al final de la operación. Su dinero es insuficiente para responder al crecimiento de su demanda, porque vende 50% a crédito y 50% de contado, y la capacidad de recuperación de la cartera no es oportuna para dar respuesta a sus pedidos, por lo cual invertir se convierte en un gran desafío. Esta es la razón por la cual acude a un credikiva, segundo financiamiento que hace a la Fundación Mario Santo Domingo, con la cual comprará los insumos necesarios para lograr ser efectiva y aumentar sus ingresos, una vez más, pues con el primer crédito logró dar cumplimiento a su fiel clientela, la cual ha construido desde hace 24 años cuando inició, después de haber tomado un curso en el Servicio Nacional de Aprendizaje SENA, y aprendió las operaciones básicas de la ornamentación: diseñar, medir, cortar el hierro, soldar, pulir, pintar e instalar. Hoy en su negocio tiene una frecuencia de ventas de 5 días, comprando los insumos de contado en distribuidoras de hierro. Con su negocio da cumplimiento al objetivo, por el cual nació su idea que es generar ingresos, para apoyar los gastos del hogar, respondiendo así a la falta de oportunidades de empleo y al apoyo recibido de sus tíos quienes le suministraron el primer capital de trabajo para que algún día surgiera, como es el propósito con el que aun permanece soñando.

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
  • 266
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    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 Eunice to buy steel, sandpaper, welding rods and polishing disks.
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:
Nov 18, 2013