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Flor Maria
Flor owns a variety store where she sells assorted goods and offers photocopying services, an activity she started four years ago noting the opportunity that existed in her zone because demand for beauty products, costume jewelry and cosmetics was high. She decided to start her own business venture offering these products.

At first, she started out with little merchandise but as her market grew she started to increase inventory and the services she offered. Today, she sells a little of everything: school supplies, stationery supplies, cosmetics, home décor items, purses and also offers photocopying services in a commercial point located at home. Her customers come by to buy products or services from Monday to Sunday from 8 in the morning until 8 at night. The future goal she and her husband share is to own a house because they currently rent.

Flor’s applying for her first Kiva loan, her first financing from Fundación Mario Santo Domingo that she’ll use to buy stationery supplies, women’s accessories, purses, cosmetics and home décor items in order to have new inventory and more turn-around in her business to generate higher profits than usual so her Kiva loan will be a successful investment.
View original language description ↓
Flor es a propietaria de una miscelánea donde vende mercancía variada, y ofrece servicios de fotocopiaje, actividad que inició desde hace 4 años, cuando observando la oportunidad en sus alrededores pues existía una demanda de productos de tocador, artículos de bisutería, cosméticos decidió emprender su propia aventura de negocios ofreciendo estos productos. Inicialmente lo hizo con poca mercancía, pero en la medida en que creció su mercado empezó a aumentar su inventario y así mismo su oferta de servicios, hoy vende de todo un poco, útiles escolares, papelería, cosméticos, detalles para el hogar, bolsos y adicionalmente ofrece servicios de fotocopiaje en un punto comercial ubicado en su propia casa, donde sus clientes se acercan a comprar los productos o servicios, de lunes a domingos y desde las 8 de la mañana hasta las 8 de la noche. Su meta compartida con su esposo y más adelante, es tener su propia casa, porque en la actualidad vive arrendada. Flor Está aplicando a su primer credikiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, mediante el cual comprará articulos de papelería, accesorios femeninos, bolsos, cosméticos y detalles para el hogar, con e fin de tener nuevos inventarios de los productos de mayor rotación en su negocio y generar mayores utilidades que de costumbre, para hacer de 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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 187
    View loans »
    Colombia Loans Fundraising
  • $13,230,600
    Funds lent in using Kiva
  • 1,884.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Flor Maria toi buy paper goods, women's accessories, purses, cosmetics and home decor items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jun 20, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 19, 2014