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Luz Marina
Luz Marina is 57 years old. She is the mother of 4 adult children and she lives in the south western part of the city with her husband. From 8 in the morning until 6 at night she works at her business making and selling gelatin, drinks, and ice cream that she sells weekly. She has customers she has gained over her 16 years experience and she is very well known in her neighborhood and in the areas nearby where she lives. Her goal for the future is to have a locale set up for this type of business and to do that she has to increase her coverage. To do that , she needs fresh capital that will allow her to increase her production. That is why she has turned to to a Kiva loan, the seventh loan she has taken out with the Fundación Mario Santo Domingo. This organization has increased her sales, fortifying her supplies. With this new loan, Luz Marina will buy ingredients, gelatins, ice pops and ice cream, condensed mill, and more to produce for nearby plazas and make this investment a total success.
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Luz Marina de 57 años de edad es madre de 4 hijos adultos y habita al suroccidente de la ciudad con su esposo. Desde las 8 de la mañana hasta las 6 de la tarde, se dedica a su negocio de preparación y venta de gelatinas, refrescos y helados, con una frecuencia semanal; ella posee una clientela construida a los largo de sus 16 años de experiencia y es muy reconocida en su barrio y en los sectores aledaños al lugar donde habita. Su meta mas adelante es tener las instalaciones locativas adecuadas a su tipo de negocio y para eso debe aumentar su cobertura, por eso para lograrlo, requiere capital fresco que le permita aumentar su producción. Esta es la razón por la cual acude a un credikiva, séptimo financiamiento que hace a la Fundación Mario Santo Domingo, organización con la cual ha incrementado sus ventas fortaleciendo su oferta. Con este nuevo financiamiento Luz Marina comprará materias primas, gelatinas, bolis y helados, así como leche condensada entre otros insumos, para hacer una producción dirigida a nuevas plazas cercanas y hacer de esta inversión todo un éxito. .

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
  • 570
    View loans »
    Colombia Loans Fundraising
  • $14,881,725
    Funds lent in using Kiva
  • 1,848.1
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,625 helped Luz Marina to buy ingredients, gelatin, ice pops, and ice cream.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2013
Listed
Apr 18, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2014