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Karellis
Karellis, 30, lives with her spouse and two children who are 7 and 10 years of age in the municipality of Sabanagrande, 20 minutes from the city of Barranquilla. Before having her business her family’s sole source of income was her husband. Today, selling varied merchandise has contributed to her family’s well-being and she’s attained more personal autonomy herself. The main products she sells both for cash and on credit are kitchen utensils and clothes. She sells to neighbors and to people from other parts of the city that are referred to her by them. Her goal is to increase sales but her main challenge is the lack of sufficient working capital to meet customer demand especially during the Christmas and New Year’s season which is when her customers have the resources to buy and they place many orders to look elegant during the family celebrations. This is why she’s calling on a Kiva loan, her first financing with Fundación Mario Santo Domingo to buy clothes for women, men and children and to buy small home appliances. Because she makes her purchases based on prior orders from her loyal customers who pay on time, her Kiva loan’s success bodes real.
View original language description ↓
Karellis de 30 años de edad, vive con su cónyuge y sus dos hijos en las edades de 7 y 10 años en el municipio de Sabanagrande, a 20 minutos de la ciudad de Barranquilla. Antes de tener su negocio, la fuente de ingreso de su hogar, la suministraba su esposo; hoy vendiendo mercancía variada ha logrado apoyar el bienestar de su hogar y ha logrado una mayor autonomía para si misma. Los principales productos que vende a crédito y de contado, son los utensilios de cocina y ropa entre vecinos y referidos, por estos que viven en lugares distintos de la población. Su meta es aumentar sus ventas, pero su principal desafío es no tener el suficiente capital de trabajo, para lograr satisfacer la demanda de su clientela, especialmente en la época de navidades y año nuevo, en la que sus clientes tienen recursos para comprar y hacen muchos pedidos para lucir elegantes, esperando la celebración de sus fiestas en familia. Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará ropa para damas, caballeros e infantil, y electrodomésticos menores. Como sus compras las hace sobre los pedidos sus clientes fieles, que pagan oportunamente, el éxito de su credikiva resulta ser muy real.

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
  • 178
    View loans »
    Colombia Loans Fundraising
  • $12,857,625
    Funds lent in using Kiva
  • 1,790.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Karellis to buy clothes for women, men and children and to buy small appliances.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2012
Listed
Dec 20, 2012
Currency Exchange Loss:
Possible
Ended:
May 7, 2014