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Leomaldy
Leomaldy is 50 years old, and she lives with her husband. She has children between the ages of 19 and 28. She started her entrepreneurial experience one year ago. She did this in order to improve the household income and to give the household greater well-being.

She started a business activity of selling school supplies, stationery goods, costume jewelry, purses, toiletries, and perfume. She starts her services daily from nine in the morning, and she works up until nine at night, depending on the customers’ needs. She especially works these hours during high sales seasons, and she sells for cash and on credit.

Her goal is to increase her working capital in order to always have liquidity. This will allow her to display the inventory that turns over the most, which she often does not have on her shelf.

This is the main reason for applying for a Kiva loan, her first loan with the Fundación Mario Santo Domingo. She plans to use the loan to buy school supplies, shoes, and perfume. Her investment will be successful because there is a constant demand in the educational market. Also, her experience guides her towards achieving her sales goal.
View original language description ↓
Leomaldy de 50 años habita con su cónyuge y es madre de familia de jóvenes que se encuentran en las edades de 19 a 28 años. Desde hace 1 año inició su experiencia emprendedora con el fin de mejorar los ingresos de su hogar y darle un mayor bienestar. Ella inició una actividad comercial a través de la cual vende útiles escolares, artículos de papelería, fantasía bolsos artículos de aseo y perfumería. Diariamente inicia sus servicios desde las 9 de la mañana llegando a extenderse hasta las 9 de la noche, dependiendo de las necesidades de su clientela, especialmente en las temporadas de picos altos en sus ventas, las cuales hace de contado y a crédito. Su meta es aumentar su capital d e trabajo, para tener siempre una liquidez que le permita exhibir los inventarios que mas rotan y con los que muchas veces no cuenta en su estantería. Esta es la razón principal para aplicar a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo y con el cual planea comprar útiles escolares, calzado y perfumería. Su inversión se hará exitosa porque cuenta con una demanda permanente en el merado educativo y su experiencia la direcciona hacia el logro de su propósito de venta.

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

  • $11,100
    Average annual income
  • 504
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,809.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Leomaldy to buy school supplies, shoes, and perfume.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2013
Listed
Mar 19, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2013