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Yackeline
Yackeline, 37, lives in the town of Soledad with her spouse and two children, ages 7 and 14. For 18 years she has worked in retail because her father was a founding member of a cooperative and she learned up close about his commercial activity.

She started selling "chicha" [corn drink] and pastries, and when she formed her clientele, they themselves requested new products such as clothing, footwear, cologne, and medicine, and she added spare parts, just as she has done for 18 years.

She makes sales from Monday through Sunday in the afternoon. She grants short-term loans to her customers, who are drivers, especially taxi drivers. She also offers big discounts on articles for cash. Her customers wait for her arrival and, as she says, "she functions as a traveling display window."

Currently she's applying for her first financing with Fundación Mario Santo Domingo. She'll buy spare auto parts that customers have ordered; they can't buy them in automotive stores for cash, so they get them from Yackeline.

Her biggest challenge is having more money to respond to her customers' needs and expectations. This is what she'll achieve with her Kiva loan, making this financing a successful investment.
View original language description ↓
Yackeline de 37 años de edad habita en el municipio de Soledad con su cónyuge y sus dos hijos en las edades de 7 y 14 años. Desde hace 18 años, ella se ha dedicado a la actividad comercial, pues su padre fue socio fundador de una cooperativa y ella conoció muy de cerca su movimiento comercial. Inicialmente empezó vendiendo chicha pasteles, y cuando estructuró su clientela, ellos mismos solicitaron nuevos productos como ropa, calzado, colonia medicamentos y le agregó repuestos, como desde hace 18 años lo hace. Sus ventas las realiza de lunes a domingos en las horas de la tarde. Ella otorga a sus clientes, que son conductores de vehiculos, especialmente taxistas, créditos cortos y también ofrece artículos de contado con importantes descuentos. Su clientela espera su visita y como ella dice “funciona como una vitrina ambulante. “ En la actualidad está aplicando a un primer financiamiento con la Fundación Mario Santo Domingo, mediante el cual comprará repuestos para automotores que le han encargado clientes que no pueden comprarlo a las tiendas automotrices de contado y por eso lo solicitan a Yackeline. Su mayor desafío es tener más dinero para responder a las necesidades y expectativas de su clientela y esto es lo que logrará con su credikiva, haciendo de esta financiación 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
  • 548
    View loans »
    Colombia Loans Fundraising
  • $14,638,350
    Funds lent in using Kiva
  • 1,848.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Yackeline to buy auto parts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2013
Listed
Apr 19, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014