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Betty Esther
Betty, forty-six, lives in the town of Malambo with her partner and thirteen-year-old daughter. She set up a store in part of her house where she sells a variety of merchandise, mainly shoes, women's accessories, undergarments and outerwear. She started the business twenty-four years ago selling merchandise to employees at the company where her father worked. Little by little she got her own capital and invested in the supplies and showcases to display her wares. She sells for cash from 8AM to 8PM to her main clients, her neighbors from her own and nearby neighborhoods, who know the quality of her items. Clientele has grown, which is exactly why she is seeking a Kiva loan, her second with Fundación Mario Santo Domingo. She'll buy shoes and undergarments, which have high turnover so she needs a steady inventory.

With her prior loan, Betty was able to stock up her store a lot more and add merchandise for every sales season. Her capacity for work and discipline is what has allowed her have so much success with her Kiva loans.
View original language description ↓
Betty de 46 años de edad, vive en el municipio de Malambo con su cónyuge y su hija de 13 años. Allí tiene un negocio donde vende mercancía variada en un punto que habilitó en su domicilio. Sus principales productos son el calzado, accesorios femeninos, la ropa interior y la ropa exterior. Desde hace 24 años Betty inició su actividad comercial, vendiendo mercancía a trabajadores de la empresa donde trabajara su padre. Poco a poco hizo su propio capital y fue invirtiendo en enseres y vitrinas para exhibir la mercancía. Sus ventas las realiza principalmente de contado desde las 8 de la mañana hasta las 8 de la noche a sus principales clientes, que son sus vecinos del barrio y otros sectores, quienes conocen la calidad de sus artículos y se han incrementado. Esta es justamente la razón por la cual acude a un credikiva, segundo financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará calzado y ropa interior, que son las mercancías que tienen una mayor rotación y que necesita tener un inventario permanente de ellas. Betty con su anterior crédito logró surtir mucho más el local y agregarle nuevas mercancías ajustadas a cada época comercial, su capacidad de trabajo y disciplina es lo que hace que su credikiva tenga mucho 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
  • 282
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,804.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $600 helped Betty Esther to buy shoes and undergarments.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2013
Listed
Mar 14, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014