Check out some available loans that are similar to this one!
Josefa
Fifty-seven year old Josefa lives in the municipality of San Juan Nepomuceno, situated in the department of Bolívar. She makes her living selling beer, making cigarettes and selling assorted merchandise in order to support the upkeep of her family, which is made up of 4 children ages 19 to 36 years.

Initially, she made her living making cigarettes, an activity she learned 20 years ago with her family. Today, she buys uncut tobacco, prepares it, and promotes and sells it in stores. A year ago, she began selling beer and other refreshments to significantly increase her income. She later also added assorted merchandise, in particular women's clothing, which she sells on credit and recovers her investment monthly.

Her goal is to expand her business in order to make renovations that will improve the conditions of her housing. Josefa works very hard so that this will happen, but her working capital is not suffient to respond to market demands. This is why she is turning to a Kiva loan, her first loan from Fundación Mario Santo Domingo, with which she will buy: beer in bulk and women's clothing that has been pre-ordered. With these products, her customers will enjoy the Christmas holidays and the new year, elegant, dancing and drinking a little.
View original language description ↓
Josefa de 57 años de edad vive en el municipio de San Juan Nepomuceno, ubicado en le departamento de Bolívar. Ella se dedica a la venta de cervezas y a la elaboración de tabacos y a la venta de mercancía variada, con el fin de apoyar el sostenimiento de su familia conformada por 4 hijos en las edades de 19 a 36 años. Inicialmente se había dedicado a la elaboración de tabacos, actividad que aprendió hace 20 años con su familiar y hoy ella compra el tabaco en bruto lo prepara y lo promociona y vende en las tiendas. Hace 1 año empezó a vender cervezas y otros refrescos para aumentar mucho más sus ingresos y posteriormente agregó también la mercancía variada especialmente ropa para damas, esta última la vende a crédito y recupera su inversión mensualmente. Su meta es ampliar su negocio para hacer adecuaciones locativas que mejoren las condiciones de su vivienda. Josefa se esfuerza mucho para que esto suceda, pero su capital d e trabajo no es suficiente para responder a la demanda del mercado, por eso ha acudido a un credikiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, mediante el cual comprará : cervezas en mayor volumen y ropa femenina que tiene encargada, con estos productos sus clientes disfrutarán las navidades y el año nuevo, elegantes bailando y bebiendo un poco.

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
  • 183
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,761.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Josefa to buy beer in bulk and women's clothing.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2012
Listed
Jan 4, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013