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Maria, 35 years old, is a married woman who lives with her husband and four children, between the ages of 9 and 19 years old, in the south of Barranquilla. She has 23 years experience in shoe production, and her family, on the part of her husband, makes a living from this work. They sell in chain stores in the Atlantic department and in the municipality of Maicao in the Guajira department, as well as northern Colombia.

Maria needs to have varied and modern merchandise to make an impact on her customers, but her money from work is her biggest challenge. This is because it is not enough for their purpose. This is the reason why she is going to Kiva loans, the first financing that she is getting from Fundación Mario Santo Domingo and through which she will buy raw materials, like soles, tags, and decorations in bulk to get the best prices and increase her production. She makes her sales on loan and with cash, and her main customers are generally warehouses and corner shops.

She plans her Kiva loan to be successful because it will allow her to access new customers and earn more income in the season of May, in which the day is celebrated to be able to reach her dream of family prosperity day by day. This nothing more than for the well-being of her children, especially on the subject of higher quality education.
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Maria de 35 años de edad, es una mujer casada que habita con su cónyuge y sus cuatro hijos en las edades de 9 a 19 años al sur de la ciudad de Barranquilla. Ella tiene 23 años de experiencia en la fabricación de calzado, pues su familia, por parte de su cónyuge, se dedica a esta actividad y comercializan en almacenes de cadenas en el departamento del Atlántico y en el municipio de Maicao en el departamento de la Guajira, también al norte de Colombia. Maria necesita tener un surtido variado y moderno, para impactar nuevos clientes, pero su capital de trabajo es su mayor desafío, porque nos es suficiente para su propósito. Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará materias primas, como suelas, marquillas y adornos, en mayor volumen, para lograr mejores precios y aumentar su producción. Sus ventas las realiza a crédito y de contado y sus principales clientes son almacenes, misceláneas en general. Su credikiva planea ser exitoso, porque le permitirá acceder a nuevos clientes y lograr más ingresos en la temporada de Mayo, en la cual se celebra el día, para cumplir poco a poco su sueño de prosperidad familiar que no es otra cosa que el bienestar de sus hijos, especialmente en el tema de educación superior de calidad.

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
  • 470
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    Funds lent in using Kiva
  • 1,837.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,100 helped Maria to buy raw materials, like soles, tags, and decorations in bulk.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Apr 11, 2013
May 8, 2013
Currency Exchange Loss:
Jun 17, 2014