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Elvia Patricia
Elvia, the mother of an eleven-month old baby, is a hard-working woman who lives in the municipality of San Juan Nepomuceno in the Department of Bolivar.

She owns her own business. Before starting her business she worked in a store that sold clothes, accessories and cosmetic jewellery in general. This was an important experience that enabled her, last year, to start her own business offering the same products to earn an independent income to support her son.

Her greatest challenge is acquiring sufficient working capital to invest because she sells to her clients on credit and the recovery of her financial investment does not allow her to grow quickly. This is why she is turning to Kiva. This is her first loan through the Fundación Mario Santo Domingo. With it she will buy clothes, accessories and cosmetic jewellery in addition to the orders that her customers have placed.

Her goal is to continue working hard to get ahead, to have her own premises beside her house so she can tend to her son and to household chores with greater facility, while, at the same time, selling and earning an income to support her son.

The success of the investment consists in that she will invest in products that are in demand, and also in that she is very selective with her clients. She will also have the opportunity to increase the volume of her purchases, to obtain competitive prices, which she will pass on to her customers to keep them interested in buying. This way she will continue earning an income to support herself.
View original language description ↓
Elvia, madre de un pequeño de 11 meses de nacido, es una mujer muy trabajadora que habita en San Juan Nepomuceno, municipio del departamento de Bolívar, donde tiene su propio negocio. Ella antes de emprender su actividad comercial, trabajó para un almacén de ropa adornos y bisutería en general, experiencia fundamental para que el año pasado la aplicara en su vida y generara ingresos autónomos para sostener su hijo, iniciando un negocio con esa misma oferta de productos. Su mayor desafío, es tener el capital de trabajo suficiente para invertir, pues distribuye entre sus clientes a crédito y la recuperación de su cartera financiada, no le permite crecer rápidamente. Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante la cual comprará ropa, adornos, y bisutería, sobre encargos que le han solicitado sus clientes. Su meta es continuar trabajando esforzadamente, con el fin de más adelante, tener un local propio a un lado de su casa para atender a su hijo y las actividades domésticas con mayor facilidad, mientras vende y genera ingresos al mismo tiempo para sostener su hijo con bienestar. El éxito de la inversión consiste en que invertirá en productos generados por la demanda de su mercado, en el que ella es muy selectiva con su clientela y que tendrá la oportunidad de aumentar el volumen de sus compras, para conseguir precios competitivos, que trasladará a su clientela para continuar sosteniéndola interesada en comprarle y así ella seguir generando ingresos para sostenerse.

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
  • 560
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,914.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Elvia Patricia to purchase clothes, accessories, and cosmetic jewellery.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jun 25, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 29, 2014