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Cory De Los Angeles
Cory, 19, lives in the southwestern part of the city. She earns a living selling cosmetics and cold cuts.

One year ago, she started her business out of necessity in order to improve her living conditions and have her own earnings. She has a local store where she sells perfumes, cosmetics, and hair products on credit, and she sells cold cuts, like spice sausage, bologna on credit or cash. Most of her credit accounts are with employees of various businesses which bring in most of her earnings.

This is the exact reason why she is asking for a Kiva Loan. It is the first loan that she has requested from Fundación Mario Santo Domingo through which she will buy cold cuts. The business where she works is seeing a rapid investment turn, generating more profit, and bringing in more cash.

Her goal later on is to have a larger business and grow her customer base so that she can support her family with their living expenses.
View original language description ↓
Cory de 19 años vive al sur occidente de la ciudad y se dedica al comercio de cosméticos y a la venta de carnes frías, Desde hace un año, inició su negocio por la necesidad de mejorar sus condiciones de bienestar y tener sus propios ingresos. Ella tiene un local comercial donde ofrece a crédito y de contado carnes frías, como salchichón, mortadela, jamón y vende a crédito perfumes, cosméticos y productos capilares. Sus principales clientes son operarios que trabajan en empresas en los que reposa la mayor parte de sus cuentas por cobrar que se constituye en su principal capital. Esta es justamente la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará carnes frias negocio en el cual está viendo más rápidamente la recuperación de la inversión y genera una mayor rentabilidad y rotación del efectivo. Su meta más adelante es tener mayor ampliación en su local y aumentar el volumen de clientela , para lograr apoyar a su familia con los gastos del hogar.

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
  • 266
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,804.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $450 helped Cory De Los Angeles to buy cold cuts.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2013
Listed
Feb 25, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014