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Margarita Rosa
Margarita, 43, is a married woman who has two children, ages 13 and 21. She dreams of seeing them become successful professionals. Her husband has sponsored her undertaking because his savings provided her first seed capital. This way Margarita was able to give free reign to her entrepreneurial and business aptitude, because since her grandparents there's a tradition of being merchants.

She started her business selling clothing to her neighbors. Little by little this grew and she brought together a lot of customers. Today she sells not only clothing but every type of electrical appliance they request.

In her seven years of experience with her business she has managed to save to build her house and has helped her husband support the household. She makes her sales on credit every day, while she makes her purchases in cash in wholesale warehouses. She works from 7 in the morning until 7 at night every day. Her business goal is to open a store where she can offer a variety of products to her distinguished customers and earn the market of potential buyers around her.

Currently she's applying for a Kiva loan, her first financing from Fundación Mario Santo Domingo. With it she'll buy clothing, footwear, and electrical appliances for the requests her customers have made.

This is the Christmas and New Year season and there's disposable income among the families who buy from her. Thanks to getting a Kiva loan she'll make the most of this situation by having everything her customers need.
View original language description ↓
Margarita de 43 años de edad, es una mujer casada, que tiene 2 hijos en las edades de 13 y 21 años, con los que sueña ver convertidos en profesionales de éxito. Su esposo ha sido el patrocinador de su emprendimiento, pues con sus ahorros suministró el primer capital semilla, para que Margarita diera curso libre a su aptitud emprendedora y comercial, pues desde sus abuelos se han dedicado por tradición a ser comerciantes. Cuando inició su negocio, lo hizo vendiendo ropa entre sus vecinos, poco a poco éste fue creciendo, debido a que concentró mucha clientela y hoy no solo vende ropa, sino todo tipo de electrodomésticos que le encarguen.
En sus 7 años de experiencia en su negocio, ha logrado ahorrar para levantar su vivienda, y para apoyar la gestión de su esposo en el hogar. Sus ventas las realiza a crédito diariamente, mientras sus compras las hace de contado y en almacenes mayoristas, trabajando desde las 7 de la mañana hasta las 7 de la noche con una frecuencia diaria. La meta de su negocio es abrir un almacén donde pueda ofrecer diversidad de sus productos, a su distinguida clientela y ganar el mercado de los compradores potenciales que la circundan. En la actualidad está aplicando a un creidkiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará ropa, calzado y electrodomésticos sobre los pedidos que han hecho sus clientes, pues es época de navidad y de año nuevo, y hay dinero circulante dispuesto para el consumo entre las familias que le compran, situación que ella aprovechará teniendo todo lo que ellos necesitan gracias a la obtención de un credikiva.

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
  • 294
    View loans »
    Colombia Loans Fundraising
  • $13,931,350
    Funds lent in using Kiva
  • 1,794.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Margarita Rosa to buy clothing, shoes, and electrical appliances.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2012
Listed
Dec 19, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013