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Yolanda Margarita
Yolanda is 44-years-old and lives in the city of Cartagena with her spouse and her children that are 8 and 19 years old. She has had her business for 15 years in the city she is from. She began her small business buying articles on sale and selling them in her hometown of Carmen de Bolivar, a municipality located in the department of Bolivar. She started the business because she has always liked managing her own money and be autonomous. Similarly, she began her own tailor business making dresses her closest family members. Little by little she has been able to increase her income and today with expectations to grow she has been involved with the Foundation Mario Santa Domingo to get a Kiva credit. This is her first loan with the organization. She will use the money to buy fabric, thread, and other materials to elaborate her work and also invest in articles such as perfume, clothing, and lotion for women. With this investment her business will grow because it allows her to purchase in greater volume at a better price. Her long term goal is to have a point of exhibition in order to impress her market and concentrate on her clients.
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Yolanda de 44 años de edad habita en la ciudad de Cartagena con su cónyuge y sus dos hijos en las edades de 8 y 19 años. Allí tiene un negocio desde hace 15 años, cuando inició con un pequeño negocio comprando artículos en promoción para venderlos en su natal Carmen de Bolívar, municipio ubicado en el departamento de Bolívar., esto lo hizo porque siempre le ha gustado manejar su propio dinero y tener autonomía. Así mismo inició con su propio taller de confecciones haciendo vestidos a las personas más cercanas a su familia. Poco a poco con sus dos actividades ha logrado aumentar sus ingresos y hoy con mayores expectativas de crecer se ha acercado a la Fundación Mario Santo Domingo, para acceder a un credikiva, primer financiamiento que hace a esta organización, con la cual comprará telas, hilos y otros materiales para elaborar multiusos, y también invertirá en artículos como perfumería ropa, cremas para damas. Con esta inversión su negocio mejorará porque le permitirá capitalizar comprando en mayor volumen y justamente mas barato. Su meta mas adelante es tener un punto de exhibición o miscelánea con el fin de impactar su mercado y concentrar cada vez más a su clientela.

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
  • 232
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,832.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $575 helped Yolanda Margarita to purchase fabric, thread and other materials and invest in articles such as perfume, clothing, and women's lotion.
98% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2013
Listed
May 12, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2014