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Mercedes
Mercedes, age 49, lives with her husband. They have four children between the ages of 16 and 30. She started her business when she left Buenaventura, the most important seaport in the Pacífico Colombiano region. She arrived in the city to look for better ways of living peacefully and productively for her family.

Mercedes had acquired store experience in her native land. Once she moved to Barranquilla, she took it up again. She turned it into her way of generating income. She was supported by her family, and she was very well-received.

Her goal is to manage complete sustainability in her business. To do so, she needs to grow at the same rate as her clientele. However, she does not have enough inventory to respond to her customers with the merchandise that turns over the most.

This is exactly the reason she turns to a Kiva loan. This is her second loan with the Fundación Mario Santo Domingo. With the previous one she bought groceries, snacks, and vegetables in greater volume in order to get discounts. This capitalized her business a little more. Now she will look to make it more profitable because she has added cell phone plans and recharges, which means a new income for her.

She intends to use part of her Kiva loan to strengthen her communications business by adding new cell plans and recharges. This is exactly what she will do so that her Kiva loan will be potentially successful. This is because it will gradually impact the growth of her store with a new service. She will use the other part of her loan to pay for her daughter’s semester at the university.

This is why Mercedas says to her lenders, “Thank you for the support. In my situation of not being from this place, I am managing to get ahead with my family, and this is thanks to Kiva.”
View original language description ↓
Mercedes de 49 años vive con su cónyuge y tienen 4 hijos en las edades de 16 a 30 años. Ella inició su negocio cuando procedente de Buenaventura, el Puerto marítimo más importante en la región del Pacífico Colombiano, llegó a la ciudad para buscar mejores alternativas de vida pacifica y productiva para su familia. Mercedes había adquirido su experiencia de tienda en su tierra natal y una vez se trasladó a la ciudad de Barranquilla, la re- tomó y la convirtió en su forma de generar ingresos, apoyadas por su familia que la recibió con una gran acogida. Su meta es lograr la plena sostenibilidad de su negocio y por eso debe crecer, en la misma proporción que lo hace su clientela, pero sus inventarios no son suficientes para responder a ellos con las mercancías que mas rotan. Esta es justamente la razón por la cual acude a un credikiva, segundo financiamiento que hace a la Fundación Mario Santo Domingo, con los anteriores compró víveres, ranchos y verduras, en mayor volumen con lo cual logró mejores descuentos que capitalizaon un poco mas su negocio y hoy buscará hacerlo mas rentable, porque agregó planes de celulares y recargas que le significan un nuevo ingreso. Con su credikiva con una parte de él intenta fortalecer su negocio de comunicaciones, agregando nuevos planes y recargas a celulares y es que esto es justamente lo que hará que su credikiva sea potencialmente exitoso, porque gradualmente impactará el crecimiento de su tienda con un nuevo servicio y por otra parte tambien servirá su ccrédito para pagar el semestre universitario de su hija, por eso Mercedes dice a sus financiaores ;" muchas gracias por el apoyo pues en su condicion de desplazada está logrando con su familia salir adelante y esto es gracias a Kiva.

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
  • 465
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,780.8
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,800 helped Mercedes to buy new cell plans and recharges and to pay for her daughter's semester at the university.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2013
Listed
Jan 28, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014