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Esther
53-year old Esther lives in Cartagena with her husband and three children aged 17, 31, and 32. She runs a business from her house selling a variety of goods to her neighbours and people from nearby areas who know the quality of her service. She started out five years ago with the idea of selling clothing. Then gradually she added other items such as women’s accessories, kitchen goods, stationery, sandals, multipurpose tools, towels etc. In this way Esther earned additional income for her children’s education and support.

Her goal is to grow her business so she received a loan from the Mario Santo Domingo Foundation to be used as working capital. Now she is applying for a new loan through KIVA as she wishes to add items that quickly turn over to her inventory. Often she cannot keep enough stock in her store to fulfill her customers’ orders. Esther plans to buy towels, bedding, multipurpose tools, household items etc.

In the future Esther would like to have her own store selling a range of merchandise. She also wants to help her youngest son complete his education so that he has the opportunity to get a good job.
View original language description ↓
Esther de 53 años de edad vive en la ciudad de Cartagena con su cónyuge y tiene 3 hijos en las edades de 17, 31 y 32 años. Allí en domicilio tiene un negocio donde vende variedades de artículos que compran diariamente sus vecinos del barrio y de sectores cercanos que conocen la calidad de sus servicios. Desde hace 5 años, inició su idea emprendedora con la venta de ropa, inicialmente a la que fue poco a poco agregando artículos de miscelánea, como accesorios femeninos, útiles de cocina, papelería, sandalias, multiusos, toallas, etc. Con ello pudo adicionar un ingreso para beneficiar la educación y el sustento de sus hijos. Su meta es ampliar su negocio y por eso accedió a un crédito con la Fundación Mario Santo Domingo, con el cual logró incrementar su capital de trabajo y hoy está aplicando a un nuevo financiamiento mediante el fondo de KIVA , pues quiere agregar a su inventario, artículos que rotan rápidamente en su negocio y muchas veces no alcanza a tener un stock para resolver los pedidos de su clientela; ella comprará toallas, cubrelechos, multiusos, articulos para el hogar etc Su meta más adelante es tener un local propio con diversidad de mercancías y terminar de apoyar a su hijo menor brindándole estudios, para que tenga un buen potencial de éxito.

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
  • 183
    View loans »
    Colombia Loans Fundraising
  • $12,852,400
    Funds lent in using Kiva
  • 1,802.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Esther buy towels, bedding, multipurpose tools, household items etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2013
Listed
Mar 11, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 26, 2013