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Gloria
Gloria, 29, began selling shoes three years ago on a recommendation and after determining that the business would be profitable. Her business has slowly grown, and she has a space in her house where she sells merchandise for cash, mostly to neighbors and referrals. Her goal is to expand now and to open in another commercial space later on so that she can earn more and offer her daughters better living conditions and a good education.

Gloria needs more inventory of men's, women's, and children's footwear, so she has applied to Kiva for her first loan through Fundación Mario Santo Domingo. She will use the money to buy new shoes to meet potential customer demand and turn her Kiva loan into a successful investment.
View original language description ↓
Gloria de 29 años de edad se dedica a la venta de calzado desde hace 3 años, cuando le recomendaron emprender este tipo de negocio y se dio cuenta de la buena rentabilidad que tenia. Poco a poco su negocio ha ido creciendo y tiene un local en el que vende de contado, el cual se encuentra ubicado donde reside impactando las ventas entre sus vecinos y referidos por estos, quienes son su principal mercado. En la actualidad su meta es ampliarlo y mas adelante hacer apertura de un nuevo punto comercial, con el fin de genera mayores ingresos y poder brindarle un mayor bienestar y una educación de calidad a sus hijas. Gloria requiere tener un mayor inventario de calzado en las líneas de damas, caballeros e infantil y esto es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará estas líneas y satisfacer la demanda potencial y hacer de su credikiva una inversión exitosa.

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
  • 550
    View loans »
    Colombia Loans Fundraising
  • $14,876,100
    Funds lent in using Kiva
  • 1,845.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Gloria to buy men's, women's, and children's footwear.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2013
Listed
May 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 25, 2014