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Jacquelin
Jacquelin, 50 years old, works selling varied items such as clothing, footwear, handbags, and imitation jewelry in general, which she distributes on credit and sometimes on installments for her clients, and has been expanding little by little.

Jacquelin previously worked as an employee but at the same time she began her commercial adventure in her free time; but as her clientele grew and the demand for her products increased, there was not enough time for her to handle her business and all the activities of her investment, looking for suppliers, sales, recovering her investment, etc. So she decided to leave her salaried employment and dedicate herself exclusively to the business. Her market share is made up of business employees, people in the neighborhood, relatives, and referrals from her clients. The demand for her products by credit has increased and Jacquelin has found it difficult to respond in a timely way, as first she has to recoup her investment and once she has the money in hand, respond to the customer orders.

Having sufficient working capital in order to be effective in her business has been her biggest challenge, which is why she came for a Kiva loan, a second funding through the Fundación Mario Santo Domingo, with which she bought handbags, wallets, belts, backbacks, sheets, colognes, creams and cosmetics. Her loan was a good investment and allowed her to increase her purchases, and to sell a lot more and to support her husband because he bears the household expenses.

She sends the following message to the Fundación: “I am grateful to you for the support received and my wish for your families is much health and prosperity.” With her first Kiva loan, she will buy handbags, backpacks, belts, wallets, colognes, creams, cosmetics, and will expand her merchandise and her income, making the best of her Kiva loan.
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Jacquelin de 50 años de edad se dedica al comercio de artículos variados, como ropa, calzado, bolsos y fantasía en general, los cuales distribuye a crédito y algunas veces de contado entre su clientela, que ha ido construyendo poco a poco. Jacquelin trabajó anteriormente como empleada y al mismo tiempo inició su aventura comercial en sus momentos libres; pero como su clientela creció y aumentó la demanda de sus productos, el tiempo no resultaba suficiente para hacer su negocio y con el todas las actividades de inversión, estudio de proveedores, ventas, recuperación de su cartera etc. Así fue como decidió dejar de ser empleada para dedicarse exclusivamente al comercio. Su mercado está conformado por empleados de empresas, vecinas del barrio, familiares y referidos de estos mismos; gradualmente es muy amplia la demanda de productos a crédito y a Jacquelin le queda difícil responderle de manera oportuna, pues primero debe recuperar lo invertido y una vez con el dinero en la mano, responder a los pedidos de sus clientes. Tener el capital de trabajo suficiente para ser efectiva en su negocio, se ha convertido en su gran desafío, por eso acude a un credikiva, segundo financiamiento que hace a la Fundación Mario Santo Domingo, con el que compró bolsos, billeteras, correas, mochilas, sabanas, colonias, cremas y cosméticos. Su creidito fue una buena inversión y le sirvió para aumentar sus compras, y vender mucho más y apoyar a su esposo porque sufraga los gastos de su hogar. Ella envia el siguiente mensaje a la Fundación: “Agradezco a ustedes la ayuda recibida y deseo para sus familiares mucha salud y prosperidad” Con su primer credikiva, comprará Bolsos, mochilas, correas, billeteras, colonias, cremas, cosméticos, así aumentará su oferta y sus ingresos, haciendo de su credikiva la mejor inversión

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $13,090,925
    Funds lent in using Kiva
  • 1,832.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,100 helped Jacquelin to buy handbags, backpacks, belts, wallets, colognes, creams, and cosmetics.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014