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Gletys
Gletys, 23 years old, lives in Barranquilla on the Caribbean coast of Colombia. She has a store where she sells clothing and women's costume jewelry. She sells products such as shirts, pants, blouses, underwear, chains, watches, and much more. Initially she sold costume jewelry and clothing on credit to her university classmates of four years, and her customers paid her after a short time. Subsequently she bought a display case and set up shop in a location outside of her home in order to sell these products directly to her customers, and she added cash sales. Her customers include friends, family members, and neighbors, as well as referrals from these people. Gletys works every day, buying her products from large stores in the center of the city. She distributes them and displays them in her store among her customers. During each season she has learned to display what the time of year requires, and this gives her business the potential for success. This year her customer base has grown, and the most beautiful time of the year is coming, in which everyone celebrates the holidays with their families. They need to look elegant for that and they have their bonuses and refunds to spend. It is at just this moment that her great challenge is to have sufficient working capital to succeed in pleasing everyone and to obtain her best earnings of the year. The money she has is not sufficient for that, and she has decided to take out a Kiva loan. It is the first financing she has had with Fundación Mario Santo Domingo. She will invest in more of these products such as clothing, shoes, cosmetics, toys, Christmas paper goods, etc. Gletys is very young, but she has big dreams. In the future, she wants to have her own building, and also employees in order to generate sources of employment for those who need it and to contribute to the society of Barranquilla. She is married and someday she wants to have children and watch them grow up - but for the moment, she is focused on her business.
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Gletys de 23 años vive en Barranquilla, en la costa caribeña de Colombia, y tiene un almacén donde vende ropa y fantasia femenina. Ella vende productos como camisas, pantalones, blusas, ropa interior, cadenas, relojes y mucho más. Inicialmente vendia fantasia y ropa a sus compañeras de universidad hace 4 años a crédito y en un término corto sus clientes le pagaban; posteriormente compró una vitrina y se instaló en un lugar diferente a su lugar de residencia para vender estos productos directamente a sus clientes y agregó la venta de contado. Sus clientes incluyen amigos, familiares y vecinos,además de los referídos por estos mismos; Gletys trabaja todos los días, comprando sus productos en grandes superficies de almacenes en el centro de la ciudad y lo distribuye y exhibe en su punto comercial entre su clientela. En cada temporada ella ha aprendido a exhibir lo que la época requiere y esto hace que su negocio tenga un potencial de éxito. En este año su clientela ha crecido y se acerca la época mas linda del año, en la cual todos celebran en familia las festividades y para ello necesitan lucir elegantes y para ello disponen de sus primas y bonificaciones para gastar; es justamente en este momento en donde su gran desafio es tener el suficiente capital de trabajo para lograr complacerlos a todos y obtener sus mejores ingresos del año, pero para ello no es suficiente el dinero con el que cuneta y ha decidido acudir a un credikiva, primer finaciamiento que hace a la Fundación Mario Santo Domingo, para invertir en más de estos productos como ropa, calzado, cosméticos, juguetes, papeleria navideña etc. Gletys es muy joven pero tiene grandes sueños. Ella quiere tener local propio y también empleados en un futuro, para genera fuentes de empleo en quienes lo necesiten y contribuír con la sociedad de Barranquilla. Ella está casada y algún día quiere tener hijos y verlos crecer – pero por el momento, ella está enfocada en su negocio.

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
  • 231
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    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 Gletys to purchase shirts, pants, blouses, underwear, and more for her clothing store.
98% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 29, 2014