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Lorena
Lorena is a 32-year old woman who works selling toys and decorative and piñata items. She used to work in party decoration, but realized when buying supplies that piñata products were a profitable business. It was then when she decided to start her own business adventure and now has 2 years of experience in this activity. She started with a small storage that complemented her job as a decorator.

She does cash sales and her main clients are industry neighbors that know that her store is open Monday through Saturday from 9am to 8pm. Her goal is to increase her clientele providing a good service and offering the product range that they always need. The number of customers is growing each day, which is why she is requesting a credikiva, her first loan with Fundación Mario Santo Domingo. She will use the loan to buy decorative and piñata items, being careful to choose those that have a higher demand to satisfy needs and make a success of this Kiva investment.
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Lorena de 32 años de edad se dedica a la venta de juguetes y artículos para decoración y piñatería. Ella tiene 2 años de experiencia en esta actividad, ya que inicialmente trabajaba la decoración de fiestas, pero cuando al comprar los insumos para aplicarlos en su decoración de fiestas, observó que la piñatería era un negocio rentable, decidió emprender su propia aventura emprendedora. Así fue como empezó con un pequeño almacén, que complementara su actividad como decoradora. En este negocio realiza ventas de contado y sus principales clientes son vecinos del sector, que conocen que su establecimiento está abierto de lunes a sábado desde las 9 de la mañana hasta las 8 de la noche. Su meta es incrementar su clientela mediante el buen servicio representado en un surtido de los productos que ellos siempre necesitan. Cada día su clientela crece y esta es justamente la razón por la cual acude a un credikiva, su primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará artículos decorativos y de piñatería, teniendo el cuidado de elegir los que mas rotan para asesorarse de generar rápidamente utilidades y generar muy pronto el éxito de esta inversión con 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

  • $6,070
    Average annual income
  • 177
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,784.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,425 helped Lorena to buy decorative and piñata items.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 4, 2013
Listed
Feb 15, 2013
Currency Exchange Loss:
Possible
Ended:
May 7, 2014