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Yanice
Yanice is 46 years old and lives in a metropolitan area of the city of Malambo. She has three children aged 15, 19 and 23. Yanice's goal is to increase her working capital to stock her business from season to season, and to earn more money, rotating all of her inventory. This is why she went to ask for a CrediKiva loan, financing from the Fundación Mario Santo Domingo. With this loan she will buy school supplies, primarily, as they are the items that are sold at her market most often.

She gained important experience in sales many years ago, when she sold her business and decided to switch to selling miscellaneous products that are more coherent with her personal profile and what she loves. She offers many items that her clients need, like clothing, bags, school supplies and home goods.

Her sales plan is in cash and she likewise buys in a permanent manner. She has managed to apply for 11 loans with the Fundación Mario Santo Domingo, which have allowed her to make her business grow and increase her market's infrastructure. Down the road she dreams about adapting her place comfortably and she is preparing for this little by little.
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Yanice de 46 años de edad vive en el municipio de Malambo, área metropolitana de la ciudad y tienen 3 hijos en las edades de 15, 19 y 23 años. La meta de Yanice es aumentar su capital de trabajo para surtir su negocio temporada a temporada, y ganar más dinero, rotando todos sus inventarios. Esta es la razón por la cual acude a un credikiva, financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará útiles escolares principalmente, que son los artículos de mayor salida en su mercado; ella tiene una importante experiencia en ventas que desarrolló hace muchos años, cuando vendió su negocio y decidió cambiarlo por una miscelánea que es mas coherente con su perfil personal y con la que se siente muy a gusto, porque en ella ofrece muchos articulos, de los que su clientela necesita, como ropa, bolsos, mercancia escolar y articulos para su hogar. Su esquema de ventas es de contado y así mismo compra de manera permanente, pues ha logrado aplicar a 11 financiamientos con la Fundación Mario Santo Domingo, que le han permitido hacer crecer su negocio y aumentar su infraestructura de mercado, mas adelante sueña con adecuar su local de manera confortable y poco a poco se prepara para ello.

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
  • 288
    View loans »
    Colombia Loans Fundraising
  • $13,892,025
    Funds lent in using Kiva
  • 1,815.6
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,300 helped Yanice to buy school supplies, primarily.
98% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Apr 16, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014