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Maria Ascención
Maria, 69 years old, is a married woman who is the mother of six adult children. She lives in the south of the city, where she sells footwear, perfumes, clothes, and personal cleaning products. She began in 1991, when she felt that she was not doing anything and wanted to have her own money to pay her expenses. She was managing the domestic expenses with what her husband gave her to support her family and gathered her first capital to buy inexpensive articles and sell them on credit to her family members, neighbors, and friends, who were her first true market.

Currently, she sells not only on credit, but also in cash. Every day she begins working at 9 in the morning and ends at 6 in the evening. She makes her purchases in cash in the neighboring country and in department stores situated in the city of Barranquilla.

Maria has received three financings from the Fundación Mario Santo Domingo, with which she has been able to adapt her store with showcases and fill them, in order to make an impact on her customers and grab their attention, awaken their interest, desires, and inspire their purchase of her products. Her goal is to make her business grow more all the time, and because of this she is attentive to obtain loans to invest in the capital of her store and increase her income. This is the reason why she turns to a Kiva loan, by means of which she will buy sweaters, footwear, jeans, perfumes, personal cleaning products, among other articles with a greater turnover that provide her immediate income. This is precisely what makes her Kiva loan a successful investment.
View original language description ↓
Maria de 69 años de edad, es una mujer casada madre de 6 hijos en edades adultas. Ella habita al sur de la ciudad, donde comercializa calzado, perfumería, ropa y productos de aseo, desde el año 1991, cuando se sintió sin hacer nada y queriendo tener su propio dinero para soportar sus gastos, fue haciendo economía domestica de lo que su esposo le daba para el sustento de su familia y reunió su primer capital, para comprar artículos económicos y venderlos a crédito entre sus familiares, vecinos y amigos, que fueron su primer mercado real. En la actualidad vende no solo a crédito, sino también de contado, durante todos los días e inicia su actividad desde la 9 de la mañana hasta las 6 de la tarde. Sus compras las realiza de contado en el país vecino y en almacenes ubicados en la ciudad de Barranquilla. Maria ha recibido 3 financiamientos de la Fundación Mario Santo Domingo, con los cuales ha logrado adecuar su infraestructura con vitrinas, y surtirlas, para impactar a su clientela y despertar en ella su atención, interés deseo y acción de compra de sus productos. Su meta es hacer crecer su negocio, cada vez mas, por eso está atenta de obtener créditos, para aportarle a su capital de trabajo y aumentar sus ingresos. Esta es la razón por la cual acude a un credikiva, mediante el cual comprará suéteres, calzado, jeans, perfumería, útiles de aseo personal, entre otros artículos de mayor rotación, que le proporcionan ingresos inmediatos, y esto es justamente lo que hace que su credikiva sea una inversión exitosa

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
  • 301
    View loans »
    Colombia Loans Fundraising
  • $13,837,125
    Funds lent in using Kiva
  • 1,823.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,375 helped Maria Ascención to buy sweaters, footwear, jeans, perfumes, and personal cleaning products.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2013
Listed
Apr 13, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2014