Check out other loans that are currently fundraising!
Maria
52-year-old Maria makes a living by both offering services in improving personal image and selling beauty products through specialised guides or catalogues. Maria’s business is in the southern part of the city, where she also lives with her spouse and her two children of 12 and 23 years of age. She has nine years of experience in this business, which started when her friend prompted her to become self-employed and generate income by offering personal services, such as manicures, pedicures, and hair treatments, as well as by selling beauty products.

Now Maria does this work every day from nine in the morning until seven at night. She buys products from the city’s main laboratories using cash. As Maria’s clientele has grown, she needs new merchandise in order to respond to requests and give prompt and accessible service. This is the reason she is applying for a loan, which is her first financing through Fundación Mario Santo Domingo and with which she will buy hair products and wholesale creams. This will allow her to increase her working capital and generate even more income, making her Kiva loan a successful and very profitable investment. Her goal is to achieve growth and expansion so she can get her own house.
View original language description ↓
Maria de 52 años de edad se dedica a ofrecer servicios de mejoramiento de la imagen personal y la venta de productos para embellecer a sus clientes utilizando guías especializadas o catálogos. Maria tiene su negocio a sur de la ciudad, donde habita con su cónyuge y sus dos hijos en las edades de 12 y 23 años. Su experiencia data desde hace 9 años, cuando su amiga la entusiasmó para que trabajando independiente generará ingresos, ofreciendo servicios personales como manicure, pedicure, belleza capilar y le ofreciera a estos clientes, productos de belleza, mediante su asesoría. Hoy Maria trabaja en esa actividad diariamente, desde las 9 de la mañana hasta las 7 de la noche y compra de contado en los principales laboratorios de la ciudad. Como la clientela de Maria tiene un crecimiento importante, necesita tener un stock de mercancías para lograr responder a sus pedidos e impactarlos con un servicio oportuno y fácil de acceder. Esta es justamente la razón, por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará productos capilares, cremas en un mayor volumen, que le permitan incrementar su capital de trabajo y así mismo generar cada vez mas ingresos, haciendo de su credikiva una inversión exitosa y muy rentable, pues su meta es lograr crecimiento y expansión, para adquirir su propia casa.

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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 471
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    Funds lent in using Kiva
  • 1,906.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Maria to buy hair products and creams.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jun 16, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014