Check out some available loans that are similar to this one!
Sixta
Sixta is the mother of 3 children, between 19 and 27 years old. Every day from Monday through Friday, she leaves her house at 7 in the morning and sets up in the doorway of an important business to offer its employees cheese sticks, empanadas, sandwiches, natural juices, arepas, and all kinds of food that her customers usually buy for breakfast. The idea for the business was born because her nephew had this business, but he found a regular job and offered it to Sixta. She took it over 4 years ago and so far it has gone well for her. Sixta stores her products in a plastic basket that she uses to transport them to sell to the workers with a short term credit of two weeks, when they get their paychecks. Other customers also pay her up front, but usually her strength is being able to sell on credit. Sixta also has another sales point where she works all week. It is located very close to her house and there she sells products made from wheat flour. Right now, she is applying for a Kiva loan, the first loan she has taken out with the Fundación Mario Santo Domingo. With it, she will buy fruit, vegetables, and flour in larger quantities to increase her production for her customers, because her clientele has grown and she needs to offer more diverse products for consumption. Her goal is to have more working capital to be able to buy in larger quantities in order to obtain discounts. This is just what she will do with her Kiva loan. With it, she hopes to have more success with her profits because her dream is to put a second floor on her house and improve its facilities.
View original language description ↓
Sixta es madre de 3 hijos en las edades de 19 a 27 años. Ella diariamente de lunes a viernes, sale de su casa a las 7 de la mañana y se instala, en la puerta de una empresa importante para ofrecerles a sus empleados deditos, de queso, empanadas, sanduches, jugos naturales, arepas y todos los alimentos que usualmente le compran sus clientes para el desayuno. Su idea de negocio comenzó en su sobrino quien tenía este negocio, pero encontró un empleo formal y se lo propuso a Sixta que lo tomó hace 4 años y hasta el momento le ha ido muy bien. Sixta almacena sus productos en una canasta plástica, en la que los transporta para ser vendidos a empleados, mediante un crédito corto de 15 días, mientras a ellos reciben el pago del salario quincenal. Otros clientes también le compran de contado, pero usualmente su fortaleza está en poder financiar su cartera de créditos. Sixta además tiene otro punto de ventas que atiende toda la semana, y está ubicado muy cerca a su casa donde ofrece los productos derivados de la harina de trigo. En la actualidad está aplicando un credikiva, primero financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará frutas, verduras, harina de trigo en mayor volumen, para aumentar su producción pues su clientela ha crecido y requiere tener mucha mas oferta de diversos productos de consumo alimenticio. Su meta es tener mas capital de trabajo con la cual comprar en mayor volumen, para obtener descuentos, esto es justamente lo que hará con su credikiva y con ello espera tener un mayor éxito en sus utilidades porque su sueño es hacer en su casa una segunda planta y mejorar sus instalaciones físicas.

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
  • 501
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,780.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $500 helped Sixta to buy fruit, vegetables, and flour in larger quantities.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Jan 29, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014