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Elvira
Elvira, 36, makes a living selling a variety of merchandise through specialized product catalogs with which she's affiliated. She has two years of experience, dating from when she needed to support the household expenses and achieve greater well-being, especially for her mother in her old age. The products she sells most are clothing and underwear, her specialties. Her customers are her neighbors, family members, and friends, in addition to referrals from them.

She makes her purchases in cash and sells mainly on credit. She usually makes her purchases once she is repaid. When volume is up such as at the end of the year, though, her greatest challenge is to have sufficient working capital to fulfill her customers' orders, sell more, and earn a lot more.

This is why she's applying for a Kiva loan, her first financing from Fundación Mario Santo Domingo. She's going to buy underwear and clothing, which are her main orders because her customers and their families want to look elegant when they celebrate Christmas and New Year, which are approaching.
View original language description ↓
Elvira de 36 años de edad se dedica al comercio de mercancía variada, ofrecida mediante guías especializadas de productos, que le provee una empresa a la cual se encuentra afiliada. Su experiencia data de hace 2 años cuando inició con el fin de apoyar los gastos de su hogar y lograr un mayor bienestar especialmente a su madre en su ancianidad. Los productos que más ofrece son la ropa interior y la exterior, en la cual se ha especializado y vende a su clientela conformada por vecinos, familiares y amigos, además de los referidos que estos le han suministrado. Sus compras las realiza de contado y sus ventas las hace a crédito principalmente; con la recuperación hace sus compras usualmente, pero en las temporadas donde se incrementa el volumen de ventas como las de fin de año, su mayor desafío es tener el capital de trabajo suficiente, para responder a los pedidos de su clientela, vender mas y ganar mucho mas. Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará ropa interior y exterior, que son sus principales pedidos porque sus clientela y su familia quiere lucir elegantes para recibir la navidad y el año nuevo que se acerca.

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
  • $13,343,550
    Funds lent in using Kiva
  • 1,787.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Elvira to buy clothing and underwear.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2012
Listed
Dec 21, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013