Check out some available loans that are similar to this one!
Luz
Luz is 41 years old and lives in the city of Cartagena with her husband and three children, aged between 16 and 20.

Eight years ago, when Luz had nothing to do, she came up with the idea of setting up a shop in the neighborhood. This was to sell supplies, food and other household goods in small amounts so that her customers could buy items every day.

Little by little, her business grew, and she eagerly went to the Mario Santo Domingo Foundation to request a loan. After this, it grew even further. Today, she has received two loans which have increased her working capital, and through persistence and discipline she has managed to make improvements to her home and give her children an education. She has used her funding to increase the range of products she offers to her customers, in turn earning a larger profit.

Today, her profit never falls below 22% and she rotates her stock every two days. Because of her dream of prosperity for this business entity, she is requesting a loan from Kiva to buy rice, oil, coffee and sugar in larger quantities, in order to get discounts. In addition, these are her best-selling products, and since it is the end-of-year period, when they are consumed in greater quantities due to Christmas and New Year, her investment will be very successful.
View original language description ↓
Luz de 41 años de edad, vive en la ciudad de Cartagena con su cónyuge y sus 3 hijos en las edades de 16 a 20 años; ella cuando no tenía nada que hacer, se le ocurrió organizar una tienda en el barrio hace 8 años, para vender víveres, ranchos, y otros productos de la canasta familiar, en pequeñas porciones, para que sus clientes pudieran comprar diariamente. Poco a poco su negocio fue creciendo y muy animada recurrió a financiamientos de la Fundación Mario Santo Domingo, donde de su mano ha crecido aún más; hoy ha hecho 2 préstamos que han aumentado su capital de trabajo y ha logrado con su persistencia y disciplina hacer mejoramiento a su vivienda y darle estudio a sus hijos. Con sus financiamientos ha aumentado sus inventarios de mercancías para ofrecerle a su clientela y con ello obtener mayores ganancias.
En la actualidad su rentabilidad no es inferior al 22%, rota sus inventarios cada dos días y con su sueño de prosperidad en esta unidad económica, acude a un credikiva, con el cual comprará arroz, aceite, café, azúcar, en mayores volúmenes, para obtener descuentos y como son los productos que más vende, en esta época de final de año, donde la navidad y año nuevo aumentan su consumo, su inversión será muy exitosa.

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
  • 468
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,778.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Luz to buy rice, oil, coffee and sugar in larger quantities.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014