Check out some available loans that are similar to this one!
Arminda
Arminda, 59, is mother of two adult children; she lives with her spouse in the south part of the city. She sells perfumery, women’s accessories, cosmetics and costume jewelry there. Her experience started five years ago when she started the business in order to contribute to her home and to have cash for personal expenses and to help out her children.

The items she sells are cleaning supplies and novelty items she offers by visiting customer to customer and granting them short-term credit. She works Monday to Sunday from 8 in the morning to 6 in the evening. Her main customers are located in her neighborhood and nearby areas.

Her growth goal is focused on expanding her market share but her working capital is rotating among her credit customers so buying in large amounts becomes a big challenge and this is why she’s approached Fundación Mario Santo Domingo to request a Kiva loan, her first financing from this organization, by means of which she’ll buy catalog products like perfume, cosmetics, items for the home, etc. that are on special promotion with competitive prices that her customers have pre-ordered on her previous visits.
View original language description ↓
Arminda de 59 años, es madre de dos hijos adultos y habita con su cónyuge al sur de la ciudad. Allí comercializa perfumería, accesorios femeninos, productos cosméticos y artículos de bisutería. Su experiencia data de hace 5 años, cuando para aportar a su hogar y tener efectivo para aplicarlos a sus gastos personales y para apoyar a sus hijos, decidió emprender su aventura de negocios.. Los productos de su oferta, son artículos de aseo, productos de fantasía, los cuales ofrece visitando cliente a cliente y otorgándoles créditos en plazos cortos. Esta actividad la desarrolla de lunes a domingos desde las 8 de la mañana hasta las 6 de la tarde. Su clientela principal se encuentra en el sector donde habita y en sus alrededores. Su meta de crecimiento está enfocada en expandir su mercado, pero su capital de trabajo está rotando entre sus clientes de crédito, y comprar en mayor volumen se convierte en un gran desafío, razón por el cual se acerca a la Fundación Mario Santo Domingo, para acceder a un credikiva, primer financiamiento que hace a esta organización, mediante el cual comprará productos que llegaron con precios competitivos, en sus dos catálogos, o guías especializadas de productos,como perfumes, cosméticos, articulos de hogar etc y que su clientela le ha encargado en su visita de preventa.

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
  • 561
    View loans »
    Colombia Loans Fundraising
  • $14,902,200
    Funds lent in using Kiva
  • 1,848.1
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $650 helped Arminda to buy cosmetics and items for the home.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2013
Listed
Apr 22, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014