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Ximena Luz
Ximena, 29, lives in the city of Cartagena with her two young children. She has a food sales business, which she set up 3 years ago when she was unemployed she needed a way to generate her own income to pay for her household expenses. Her business has grown slowly and today, as well as selling soups and lunches, she has added breakfasts, which generate additional income and gives her children a better quality of life.

Her sales are usually for cash, although sometimes she sells on credit to employees of nearby businesses who buy daily and pay fortnightly or weekly.

At the moment, she needs to become more competitive and reduce her costs, her current challenge is to raise working capital so she can buy wholesale volumes and improve production. This is the reason that she is applying for a Kivaloan, her first financing from the Fundación Mario Santo Domingo, so she can buy supplies and make minor improvements to create an improved atmosphere. Her goal is to continue growth and eventually to buy her own home and provide a better quality of life for her children, who are her motivation.
View original language description ↓
Ximena tiene 29 años de edad y habita en la ciudad de Cartagena con sus dos hijos pequeños. Ella tiene un negocio de vender comida desde hace 3 años, cuando quedó sin empleo y debió generara de manera autónoma, sus propios ingresos para responder a los gastos de su hogar. Su negocio ha tenido un crecimiento gradual y hoy además de vender sopas y sancochos, también ha agregado desayunos, que le generan un ingreso adicional, y le aporta un mayor bienestar a sus hijos. Sus ventas las realiza usualmente de contado, aunque tiene algunos créditos a empleados de empresas cercanas que le compran diariamente y le pagan quincenalmente o semanalmente. En la actualidad requiere ser mas competitiva, disminuir sus costos y su desafío actual es tener el capital de trabajo, para comprar en mayores volúmenes y generar una mayor producción. Esto 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 víveres y hará adecuaciones locativas para mejorar sus instalaciones y producir en un ambiente superior. Su meta de prosperidad es obtener un crecimiento ascendente y finalmente comprar su propia casa, generando en el futuro un mayor bienestar a sus hijos, que son el motor de su vida.

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
  • 176
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,822.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Ximena Luz to buy supplies and make minor improvements.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2013
Listed
Mar 24, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 30, 2013