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Angela
Ángela, age 60, lives in the city of Barranquilla. She has been selling products through specialized guides and catalogs since the year 1998. She started her business when she believed it was necessary to work at some business activity in order to help with the household expenses and to support her husband, who sells fish.

The products that she offers are creams, colognes, perfumes, deodorants, and cosmetics, among other merchandise. She sells on credit, and she buys for cash. Ángela visits her clientele daily. She tends to her business from eight in the morning until six in the evening.

Her goal for later on is to open a place to the public and to finish her minor daughter’s education. Therefore, her current goal is to increase her sales. Her greatest challenge is having sufficient working capital in order to manage to do so.

That is exactly the reason that she turns to a Kiva loan, her first loan with the Fundación Mario Santo Domingo. She will use the loan to buy products that her customers have ordered. She will buy toiletries and personal hygiene products.

With this investment Ángela plans to increase her purchasing capacity, to increase her offer of products, and to generate new profits. She will do this in order to make her Kiva loan a successful investment.
View original language description ↓
Ángela de 60 años habita en la ciudad de Barranquilla y se dedica a vender productos mediante guías especializadas o catálogos desde el año 1998. Su negocio inició cuando consideró que era necesario dedicarse a alguna actividad para ayudar en los gastos de su hogar y apoyar a su esposo quien es un vendedor de pescados. Los productos de su oferta son las cremas, colonias, perfumes, desodorantes cosméticos entre otras mercancías que vende a crédito y que compra de contado. Ángela visita diariamente a su clientela y atiende su negocio desde las 8 de la mañana hasta las 6 de la tarde. Su meta más adelante es abrir un local al público y terminar de educar a su hija menor, por eso su meta actual es aumentar sus ventas y su mayor desafío es contar con el capital de trabajo suficiente para lograrlo. Esta es justamente la razón por la cual acude a un creidikiva, prime financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará productos que le ha encargado su clientela como productos de tocador y de aseo personal. Con esta inversión se proyecta que Angela aumente su capacidad de compra, incremente su oferta de productos y generar nuevas utilidades, para hacer de su creidikiva 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
  • 267
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,832.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Angela to buy toiletries and personal hygiene products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2013