Check out some available loans that are similar to this one!
Martha
Martha is 38 and lives with her husband by common law and her three-year-old daughter in the city of Soledad. Here, she has her own business selling various products like small household appliances, jewelry, and cosmetics. She started this business in 2006 when a friend invited her to become a saleswoman. Little by little, she grew her customer base, the diversity of the items she sells, and her infrastructure. Her dream is to contribute to her home. Her family was her maximum motivation to support herself in the market and to face the first natural challenges as she started her business. Currently, she is known in the area and neighboring areas. A large number of these people have become her best customers. They buy from her directly on credit and/or with cash. They also refer new buyers to her, which increases her daily sales. Currently she is applying for a Kiva loan, the first financing that she has had through the Fundación Mario Santo Domingo. She will use it to buy merchandise to fill the orders she has for Christmas and New Year's parties. She will buy cosmetics, household appliances, and jewelry. With her Kiva loan, she will gain a lot and make the most of the circulation of money where she lives.
View original language description ↓
Martha de 38 años de edad, vive con su cónyuge y su hija de 3 años de edad en el municipio de Soledad, donde tiene su propio negocio de vender productos variados, como electrodomésticos menores, articulos de joyeria y cosmeticos. Este negocio lo inició en el año 2006, cuando una amiga la invitó a converirse en comerciante y poco a poco de la mano de ella inició y fue creciendo en clientela y en diversidad de articulos, así como en infraestructura. Su deseo de contribuír a su hogar, fueron su máxima motivación para sostenerse en el mercado y enfrentar los primeros desafios naturales, con los que se inicia una empresa. En la actualidad es muy reconocida en el sector y en otros barrios aledaños, y una gran parte de estas personas se han convertido en sus mejores clientes, pues le compran directamente, a crédito y/o de contado, y tambien le refieren nuevos compradores, con los que incremneta diariamente sus ventas. En la actualidad está aplicando a un creidkiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, con el cual comprará mercancia sobre pedido y dará respuesta a su cientela que ha solicitado para estas fiestas navideñas y de año nuevo muchos articulos de consumo como cosméticos, productos de tocador electrodomésticos y articulos de joyería. Con su credikiva dará respuesta a su clientela y ganará mucho mas aprovechando la gran circulación de dinero en el ambiente en el que habita.

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

  • $11,100
    Average annual income
  • 476
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,774.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $850 helped Martha to buy cosmetics, household appliances, and jewelry.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014