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Kiara
Kiara is 24-years-old. She has worked in the sale of merchandise and ice cream in a commercial store that she has supplied little by little for the past 2 years. She lives with her husband and her two daughters (5 years old and 11 months) in a housing development near the shore. Her main products include paper, clothes, ice cream, and accessories. She started selling her articles to friends with money that she acquired when she left her job to work in a commercial point located in her own home. She completes her sales through cash and credit. She works every day from 8 in the morning to 8 at night. Her cash purchases are completed through locations in the center of the city, where she offers good prices and is able to offer promotions.

She is currently requesting a Kiva loan through the Fundación Mario Santo Domingo to purchase clothing, paper, feminine accessories and ice cream products. She chose the articles that are the most popular so that she can have a great returned on from her investment of the Kiva credit. Her goal is to increase her offering of credit to her excellent clients and help the development and well being of her daughters. She wants them to be successful in the future. Through the increase in income and with her hard work she will direct the outcome to her goal.
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Kiara de 24 años de edad, se dedica a la venta de mercancía y de helados en un punto comercial que ha surtido poco a poco, desde hace 2 años. Ella habita con su cónyuge y sus dos hijas de 5 años y de 11 meses, en una urbanización ubicada a la orilla del mar. Sus principales productos de la oferta son papelería, ropa, heladería y accesorios, artículos que empezó vendiendo entre sus amistades y que inicialmente compró con dinero que adquirió, cuando decidió retirarse de su trabajo, y dedicarse a la actividad comercial en un punto fijo, ubicado en su propio domicilio. Sus ventas las realiza de contado y a crédito, todos los días desde las 8 de la mañana hasta las 8 de la noche. Sus compras las hacen de contado, en puntos especializados en el centro de la ciudad, donde le ofrecen buenos precios y puede acceder a promociones. En la actualidad está aplicando a un credikiva, prime financiamiento que hace ala Fundación Mario Santo Domingo, mediante el cual comprará ropa, papelería, accesorios femeninos y productos de heladería, artículos que son los de mayor rotación y que hacen de su credikiva una inversión muy exitosa. Su meta es aumentar la oferta de crédito a los clientes excelentes y apoyar el desarrollo y bienestar de sus hijas, para que tengan un potencial importante de éxito futuro, mediante el incremento de sus ingresos y con la aplicación de toda su fuerza de trabajo dirigida a este fin.

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
  • 294
    View loans »
    Colombia Loans Fundraising
  • $14,007,675
    Funds lent in using Kiva
  • 1,943.4
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $775 helped Kiara to purchase clothing, paper, accessories, and ice cream products.
96% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2013
Listed
Jun 26, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014