Check out some available loans that are similar to this one!
Maria Luisa
Maria is 47 years old and sells general merchandise, in the municipality of Puerto Colombia. This is a place located on the shores of the Caribbean, where she lives with her two children, ages 21 and 25. Her business experience dates from three years ago, when her brother, who has been a merchant since 1999, suggested that she follow this occupation. She did not start until 2010, and hasn't stopped.

The main products she sells are shirts, footwear, perfume, bags and a line of cosmetics. She sells these articles directly to her clientele and extends credit. She devotes 12 hours a day to her business.

Her goal is to someday open a small store open to the public, and to renovate her home. But her greatest challenge is to increase her sales, because she needs to make a greater investment. This is why she is approaching the institution for a credikiva loan, her first from from Fundación Mario Santo Domingo, with which she will buy jeans, men's shirts, creams, footwear, perfume and bags.

With this investment she will increase her working capital and manage greater purchases, in addition to getting fabulous discounts that will be reflected in her selling prices. This will make her investment very successful.
View original language description ↓
Maria de 47 años de edad, se dedica a la venta de mercancía en general, en el municipio de Puerto Colombia, lugar ubicado a orillas del Mar Caribe, donde habita con sus dos hijos en las edades de 21 y 25 años de edad. Su experiencia comercial data de hace tres años, cuando su hermana de actividad comerciante desde el año 1999, le sugirió dedicarse a este oficio y solo hasta el año 2010 Maria inició y no se ha detenido. Los productos principales de su oferta, son las camisas, el calzado la perfumería, los bolsos y la línea de cosméticos, artículos que vende directamente y mediante crédito, a su clientela, con una dedicación de 12 horas diarias. Su meta mas adelante es dar apertura a un local publico y remodelar su vivienda, pero su mayor desafío es incrementar sus ventas, porque requiere una mayor inversión. 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 jeans, camisas, masculinas, cremas calzado, perfume y bolsos. Con esta inversión aumentará su capital de trabajo y logrará mayores compras, además de fabulosos descuentos, para trasladar a su precio de venta y espera lograr el aumento de su clientela, convirtiendo su inversión en muy 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
  • 490
    View loans »
    Colombia Loans Fundraising
  • $15,259,900
    Funds lent in using Kiva
  • 1,900.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Maria Luisa to buy jeans, men's shirts, creams, footwear, perfume and bags.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
May 31, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014