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Mónica
Mónica, who is 39-years old, lives in the southwest of the city with her husband and young, 11-year old daughter. Mónica dreams of seeing her daughter become a successful and well-educated person. She is Mónica's motivation for tending to her daily tasks. Monica has eleven years experience in appearance and beauty, which she turned into a income-generating business. She offers services in improving one's personal appearance, like dyes, haircuts, scalp massage, hair coloring etc. Her idea for the business was born after having studied at an academy where they propelled her aptitude for this art. Mónica's main customers are women, men and children. She is open for her customers from 8:00 in the morning until 8:00 at night. She is currently applying for a Kiva loan, her first loan with Fundación Mario Santo Domingo. With it she will purchase supplies like lotions, dyes and nail polish in larger volume so she can get better discounts on her purchases and increase her profits. Her goal in the future is to have her own store front. This is also her greatest challenge, which is why she works with so much care.
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Mónica de 39 años de edad habita al suroccidente de la ciudad con su esposo y su pequeña hija de 11 años, con quien sueña ver convertida en una persona exitosa y bien educada, porque ella es justamente quien motiva sus tareas diarias. Monica tiene desde hace 11 años experiencia en imagen y belleza, la cual convirtió en un negocio generador de ingresos, a través del cual ofrece servicios de mejoramiento de la imagen personal, como tinturas, cortes de cabellos, masajes capilares, tinturados etc. Su idea de negocio nació después de haber estudiado en una academia donde impulsaron su aptitud por este arte. Sus principales clientes son mujeres, hombres y niños, a quienes está dispuesta a atender diariamente, desde las 8 de la mañana hasta las 8 de la noche. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará insumos, como cremas, tinturas, esmaltes en mayor volumen, para obtener mejores descuentos y aumentar sus utilidades. Su meta mas adelante es tener su propio local y este también, es el gran desafío de Mónica, por el cual trabaja con mucho esmero.

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
  • 480
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,834.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Mónica to purchase supplies like lotions, dyes and nail polish, in larger volume.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2013
Listed
May 13, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 21, 2013