Check out some available loans that are similar to this one!
Nellys Leonor
Nellys, 39, has been selling brand specific and other catalog merchandise for the past year to increase her income. As a single mother head of household, she must support her family, in particular her 20-year-old son. She offers sales on credit, though she purchases in cash. Her main items are cosmetics, underwear, and clothing.

Her goal is to have her own store and improve her family's situation. She is applying for a Kiva loan, her first with Fundación Mario Santo Domingo, to buy inventory such as cosmetics, hair products, and underwear. The loan will be successful because she will purchase directly from the manufacturer, thereby avoiding the middleman and higher consumer prices.
View original language description ↓
Nellys de 39 años se dedica a la venta de mercancías mediante guías especializadas de productos o catálogos, actividad que inició, desde hace 1 año, con el fin de incrementar sus ingresos pues como madre cabeza de familia ha aumentado la necesidad de responder por el sostenimiento de su hogar, especialmente de su hijo de 20 años de edad. Sus ventas las realiza a crédito mientras sus compras las hace de contado. Los principales productos de su oferta son cosméticos, ropa interior y ropa exterior. Su meta es tener un local propio y mejorar las condiciones de vida de su familia. En la actualidad está aplicando un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará mercancía variada como cosméticos productos capilares, perfumería y ropa interior. Su inversión de credikiva tendrá éxito porque pide directamente al proveedor, evitando la intermediación y el aumento de los precios al consumidor final

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
  • 301
    View loans »
    Colombia Loans Fundraising
  • $13,967,850
    Funds lent in using Kiva
  • 1,761.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Nellys Leonor to buy inventory such as cosmetics, hair products, and underwear.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Jan 5, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013