Check out some available loans that are similar to this one!
Luz
Luz is 29 years old and lives in the town of Soledad with her husband and 3 children, ages 1 through 8. She has two income generating jobs, one selling a variety of merchandise such as clothing and shoes and the other selling Creole chicken. She has been selling merchandise for 3 years to fulfill the needs of her customers that live in her own neighborhood. She has been gradually tackling the surrounding area and has become known very quickly in these areas. She sells her products door to door and on credit two times a week to recoup her investment weekly, bimonthly and monthly depending on the agreement she makes with each individual customer. She sells her merchandise on a cash basis in the city of Barranquilla which is 20 minutes away in order to keep a cash flow. Her future goal is to purchase her own home, but her immediate need is to be able to obtain enough resources to tend to and grow her business and eventually fulfill her dream. This is not her first loan through Fundación Mario Santo Domingo and she is very pleased because she purchased more chickens that she sold quickly. This helped her to purchase a variety of merchandise to meet her customer’s demands and earn a bit more money so she could take advantage of each commercial season. She is currently applying for a Kiva loan to buy shirts, pants, shorts, shoes and chickens so that both of her businesses can continue to grow together and to be able to save and invest her profits. She is very grateful and asks “that lenders continue to support small businesses that, in the not so distant future, will grow into big businesses.” She is very happy because her profits have grown 35%, her customer base is much stronger and her well being and that of her family has increased more each time.
View original language description ↓
Luz de 29 años de edad vive en el municipio de soledad con su cónyuge y sus 3 hijos en las edades de 1 a 8 años. Allí se dedica a dos actividades generadoras de ingresos, por un lado vende mercancía variada como ropa, calzado, y por otro lado vende gallina criolla. Ella desde hace 9 años inició vendiendo mercancía, con la cual atendía las necesidades que presentaba su clientela ubicada en su propio barrio. Gradualmente fue abordando los alrededores de este y muy pronto se hizo conocida en los alrededores de él. Sus productos los propone a crédito y a domicilio,con una frecuencia de dos veces por semana, para recuperar su inversión en periodos semanales, quincenales o mensuales, de acuerdo a lo que pacte con uno a uno de sus clientes. Sus ventas las realiza de contado, atendiendo a su recuperación de su cartera y las hace en la ciudad de Barranquilla, a 20 minutos del municipio donde habita. Su meta mas adelante es adquirir su propia vivienda, pero su mayor desafío es tener la disponibilidad de conseguir los recursos suficientes para atender su mercado, crecer empresarialmente y poder cumplir con su sueño. Luz ya ha recibido créditos de la Fundación Mario Santo Domingo, y está muy satisfecha porque invirtió en un mayor volumen de gallinas criollas que vendió rápidamente. Así mismo le sirvió para comprar mercancía variada con la que respondió a su clientela y ganó un poco mas de dinero, aprovechando cada temporada comercial que pasó. En la actualidad está aplicando a un credikiva, con el cual comprará camisas, pantalones, bermudas, calzado y gallinas para que sus dos negocios sigan creciendo simultáneamente y tener la forma de respaldar e invertir sus utilidades. Ella está muy agradecida y pide lo siguiente “que sigan apoyando a pequeños empresarios que en un futuro no muy lejano, seremos los grandes empresarios. “su satisfacción es plena porque su rentabilidad ha aumentado en un 35% su clientela es más fuerte y su bienestar y el de su familias incrementan cada vez mas.

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
  • 285
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,804.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Luz purchase creole chickens, shirts, pants, shorts and shoes.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 13, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014