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Mary
Mary, 45 years old, is married with two children ages 20 and 22. Eight years ago, she decided to start her own business selling beauty products and medicinal products in order to help pay her family's household expenses. She started out by working with some beauty suppliers and attending their meetings. In time, Mary began to diversify her merchandise and offer a bigger variety of products, responding to the orders her customers put in. Mary allows her customers to purchase items with cash or on credit. She sells principally to her neighbors and friends. Also, each day she gets referred to new customers for the relaxing massage services she offers. Mary owns her own massage bed to complement her beauty product sales.

Mary has already received two loans through Fundación Mario Santo Domingo, which have helped her to gradually strengthen her business. She has increased her working capital as well as her earnings. This has helped her to support her children and pay for them to receive a higher education. Mary's personal goals include seeing her children graduate from college. Her business goals include one day opening a well-equipped store and further improving her sales. Challenges she faces in reaching this goal are gaining greater competency with her beauty products and marketing her massage services.

Currently, Mary is applying for a Kiva loan in order to buy perfume, capillary creams, disposable towels, and other supplies she needs in order to improve the services she offers and increase her earnings. This will make her loan a successful investment.
View original language description ↓
Mary de 45 años de edad, es una mujer casada que tiene dos hijos en las edades de 20 y 22 años. Desde hace 8 años, por la necesidad de ayudar los gastos del hogar, vio en la venta de productos de belleza y medicinales una buena opción para lograrlo y por eso decidida e impulsada por los proveedores de productos de belleza a través de las reuniones a las que asistía, empezó con pocos artículos y mas adelante amplió su oferta con una diversificada gama de ellos, enmarcados en los pedidos de su creciente clientela. Sus ventas las realiza de contado y también a crédito en su vecindad y entre familiares y amigos, que cada día le refieren nuevos compradores de los servicios de masajes relajantes que ofrece en su propia camilla y la venta de productos asociados a la belleza y a la estética.
En la actualidad Mary ha recibido dos financiamientos de la Fundación Mario Santo Domingo, mediante los cuales ha fortalecido gradualmente su negocio, pues ha incrementado su capital de compras y ha generado nuevas ganancias, apoyando así los gastos de educación superior de sus hijos. Su meta personal es lograr que su hijo termine los estudios universitarios, mientras su meta de negocios es lograr mas adelante, tener un local exclusivo y bien dotado, para impactar sus ventas, porque su desafío es la competencia en los productos de belleza y en la publicidad de sus servicios de masajes. Actualmente está aplicando a un credikiva, mediante el cual comprará perfumería, cremas capilares e insumos, como toallas desechables, artículos mediante los cuales desea prestar un mejor servicio y aumentar sus ganancias, para 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

  • $6,070
    Average annual income
  • 267
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,884.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Mary to buy perfume, capillary creams, disposable towels and other supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2013
Listed
Jun 20, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014