Check out some available loans that are similar to this one!
Candelaria
Candelaria lives with her partner and their three children who are between the ages of 7 and 12 years old in the city of Bicentenario. They live in a housing development that is supported by the Mario Santo Domingo Foundation, which supports the construction of sustainable communities. Candelaria was given a place to live in this community by the Colombian government because she was displaced from the home she was living in. Before she was given her home she had many needs, so when she became a beneficiary of this project, she didn't hesitate to sell all of her household furnishings and with the profits opened a small store with basic food necessities for a family. Little by little her small store has turned into an income generator, which she is now able to support her family with. Her goal is to be able to provide her children with a good education so that they will have a better future. This is why she works persistently to achieve her goal.

She is currently applying for her first loan through the Mario Santo Domingo Foundation, which is a Kiva loan. She will use the loan to buy groceries for her business and increase her capital. Her kiva loan project will be successful because it will increase her ability to buy in large quantities, and by doing so obtain special discounts and sell much more than the is usually able to sell when working only with her own capital.
View original language description ↓
Candelaria habita con su cónyuge y sus 3 hijos en las edades de 7 a 12 años, en Ciudad Bicentenario, macroproyecto donde la Fundación Mario Santo Domingo, apoya la construcción de comunidades sostenibles y allí Candelaria el Gobierno Colombiano, le otorgó su vivienda por la condición de desplazamiento en la cual vivía. Ella antes estaba pasando muchas necesidades antes de obtener su vivienda, por eso cuando salió beneficiaria, no dudó en vender todo lo que tenia en enseres y con muy poco dinero emprendió una pequeña venta de artículos de la canasta familiar, la que poco a poco ha convertido en su tienda generadora de ingresos, con la que hoy apoya el bienestar de su familia. Su meta es lograr ofrecer a sus hijos una educación de calidad, para que tengan un mejor futuro, por eso se esmera trabajando persistentemente para lograrlo. En la actualidad está aplicando a su primer financiamiento en la Fundación Mario Santo Domingo y este es un credikiva, con el cual comprará víveres, para surtir su negocio y ampliar su capital. Su credikiva proyecta ser exitosos, porque ampliará su capacidad de comprar en mayor volumen, obtener descuentos especiales y vender mucho más que lo que usualmente vende con su propio capital.

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
  • 287
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    Funds lent in using Kiva
  • 1,777.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Candelaria to buy groceries to restock her store.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014