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Carmen
Carmen, who is 46 years old, lives in the city of Cartagena with her husband and their two children, ages 4 and 8. She still remembers that 20th of June in the year 2006, the date on which she began her business of selling food, when she followed the advice of a relative, who gave her the idea of generating income through this activity. Today, her business has grown, and her customers are located around her house, where she has her little restaurant, while she makes her purchases for cash in the public market. Her goal is to expand her business, and for that she needs working capital, which will allow her to increase her production and obtain new customers. Thus she has the dream of prosperity, of giving her children the best education that is possible for her, and for this reason she and her husband strive every day to achieve it. Now she is applying for a Kiva loan, her first financing from Mario Santo Domingo foundation, through which she will buy basic ingredients and supplies, such as groceries and soft drinks, with which she plans to increase her production and generate more income, to fulfill her family dreams.
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Carmen de 46 años de edad, habita en la ciudad de Cartagena con su cónyuge y sus 2 hijos en las edades de 4 y 8 años. Ella recuerda aun aquel 20 de Junio del año 2006, fecha en la que dio inicio a su negocio de venta de comidas, cuando siguió el consejo de un familiar, quien le proporción la idea de generar ingresos mediante esta actividad. Hoy su negocio ha crecido y su clientela está ubicada alrededor de su vivienda, donde tiene su pequeño restaurante, mientras sus compras las realiza de contado en el mercado público. Su propósito es ampliar su negocio y para ello requiere capital de trabajo, que le permita aumentar su producción y acceder a nuevos clientes. Pues tiene el sueño de prosperidad, de entregar a sus hijos la mejor educación que le sea posible, y por eso con su esposo se esmeran diariamente para lograrlo. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará materias primas e insumos, como víveres y refresco, con los que planea aumentar su producción y generar más ingresos, para cumplir sus sueños familiares.

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
  • 182
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,837.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Carmen to buy basic ingredients and supplies, such as groceries and soft drinks.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
May 8, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 25, 2014