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Maria Bernarda
María lives in the town of Soledad with her husband and two children, ages 11 and 9. She generates income with a small department store where she sells household items such as pots, sets of dishes, and small appliances. Recently she has added provisions to make the most advantage of her store.

She developed her business plan little by little with her own experience in the last 10 years. During this time she went from having a shop in her house to a small store when she rented a space in a more commercial space so she could generate more customers and increase sales potential, which is what happened. Now she makes her purchases in various towns on the coast and she makes sales in cash and on credit.

Currently her clientele has grown and she needs to have more working capital to make bulk purchases. This is why she's asking for a Kiva loan, her first financing from Fundación Mario Santo Domingo.

She'll buy small appliances and provisions to increase her inventory to respond to her customers' needs. This is exactly what makes her Kiva loan a successful investment.
View original language description ↓
Maria habita en el municipio de Soledad con su esposo y sus dos hijos en las edades de 11 y 19 años. Ella genera ingresos a través de un pequeño almacén, donde vende artículos para el hogar como ollas, juegos de vajillas, electrodomésticos menores y últimamente ha agregado víveres, para lograr el máximo aprovechamiento de su local. Su idea de negocio la desarrolló poco a poco con su propia experiencia de hace 10 años, en los que pasó de tener una miscelánea en su casa a un pequeño almacén, cuando alquiló un local en un espacio mucho mas comercial, que generara mayor movimiento entre clientes y el incremento potencial de sus ventas,así como ocurrió. Hoy sus compras las hace en diversos municipios de la costa y sus ventas las realiza de contado y a crédito. En la actualidad el volumen de su clientela ha crecido y requiere tener más capital de trabajo, para hacer compras en mayor volumen. Esta es la razón por la cual acude a un credikiva, primer finamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará electrodomésticos menores y víveres, para aumentar sus inventarios, en respuesta a las necesidades de su clientela y esto es lo que justamente hace de su credikiva 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
  • 137
    View loans »
    Colombia Loans Fundraising
  • $12,806,925
    Funds lent in using Kiva
  • 1,850.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Maria Bernarda to buy small appliances and provisions.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2013
Listed
Apr 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014