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Olivia
Olivia, 38, sells imitation jewelry in steel and silver since 1998, when she started working in an imitation jewelry store. She worked there for four years but was at the same time selling on her own, which made it possible for her to become independent when she left the company.

Today, Olivia works by pre-selling every day and she knows very well which are the best seasons for investing: May, September and December. These months are when she has the challenge of gathering the money in order to buy in bulk and take advantage of the good discounts, but she does not manage to gather enough. This is why she is requesting a credikiva, the first loan she requests at Fundación Mario Santo Domingo, and she will buy earrings, chains, rings, and wrist and ankle bracelets.

With the loan, she will make the most of the upcoming high season by impressing the customers she already has and attracting new ones. This will increase her working capital and will assure new income to pay for her home expenses.

Her customers are mainly shop owners, and she frequently visits them in their shops, which are located in shopping malls, in order to display her products and increase her sales. Her attitude gives a sign of the potential success she will have with her credikiva. Her next goal is to formalize her business and get the fiscal identity number. In the future, she wants to have her own establishment and continue to work in order to attract more customers.
View original language description ↓
Olivia es una mujer de 38 años, que se especializa en la venta de bisutería en acero y plata, desde hace 14 años, su experiencia data, desde en el año 1998, cuando empezó a trabajar en un almacén de bisutería, lugar donde estuvo durante 4 años, en los cuales también vendía a clientes particulares, lo que en el futuro le permitió independizarse, cuando dejó de ser empleada de esa empresa. Hoy Olivia trabaja haciendo su preventa diaria y conoce muy bien cuál es la mejor época del año para invertir: Mayo, Septiembre y Diciembre y es allí donde tener capital de trabajo para hacerlo en volumen y ganar buenos descuentos se convierte en un desafío, pues no alcanza a recoger el dinero necesario para realizar sus compras: Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, mediante el cual comprará aretes, cadenas, anillos, pulseras y tobilleras. Con el préstamo, ella aprovechará la temporada alta de fin de año, para impactar a su clientela que ha hecho sus pedidos y ganar nuevos compradores, aumentando así su capital de trabajo y asegurando nuevos ingresos para cubrir sus gastos familiares. Sus clientes son principalmente vendedores de almacenes, y ella les hace visita permanente en los almacenes ubicados en centros comerciales, para exhibir sus productos y lograr éxito en sus ventas, de allí que su actitud en el mercado derive el potencial de éxito de su credikiva. Su próxima meta es formalizar su negocio obteniendo el registro mercantil, y en un futuro tener su propio local, y siempre trabajar el la ampliación de su clientela

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
  • 304
    View loans »
    Colombia Loans Fundraising
  • $13,796,725
    Funds lent in using Kiva
  • 1,797.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,125 helped Olivia to buy earrings, chains, rings and bracelets.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014