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Monica
Mónica is the proprietor of a snack bar located in the town of Soledad where she lives with her 2 children who are the driver of all her efforts so that they will enjoy a good life. To this end, she has had 2 loans from Fundación Mario Santo Domingo to increase her business capital and gradually increase her income, with the goal of achieving a good income. She used the first loan to supply her business with beer and her sales increased, generating better profits and increasing her family's quality of life. Mónica sends a very special message about this support: "Thank you very much for offering me the opportunity to succeed in my business." She is currently applying for her second loan with Fundación Mario Santo Domingo and it is her first Kiva loan. She will use it to buy a refrigerator to keep her drinks colder as, in this hot climate, cold beers and sodas are much better to drink and quench the thirst produced by the hot environment of this beautiful and very tropical Caribbean land.
View original language description ↓
Mónica es propietaria de una refresquería, unicada en el municipio de Soledad donde habita con sus dos hijos, motor de todos sus esfuerzos, para que gocen de bienestar. por eso, ella ha obtenido 2 financiamientos de la Fundación Mario Santo Domingo,para aumentar su capital de trabajo y obtener cada vez mas ingresos, con el fin de alcanzarlo. Con el primer crédito surtió su negocio con mucha cerveza y con ello sus ventas se incrementaron, generando mas ganancias y aumentado su calidad de vida y la de su familia. Mónica envia un mensaje muy especial por este apoyo: “Muchas gracias por brindarme la oportunidad de salir adelante con mi negocio.” En la actualidad ella está aplicando a su segundo financiamiento con la Fundación Mario Santo Domingo y es su primer credikiva, mediante el cual comprará un enfriador, para conservar muchas mas bebidas frías, pues en este clima cálido, las cervezas y refrescos agradan mucho más y calman la sed producida por el caluroso ambiente de esta tierra caribe hermosa y muy tropical.

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
  • 465
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,906.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,050 helped Monica to buy a refrigerator.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2013
Listed
Jun 16, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2014