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Blanca
Blanca, 49 years old, lives in the city of Soledad. She makes a living selling products through specialized guides, through which she does all of her promotion. The principal articles she offers are children's clothing and lingerie. Blanca opened her business at the suggestion of an acquaintance. She tested out sales and found she was very successful. Since that moment four years ago, Blanca has not stopped working in sales. She works from 8 a.m. to 8 p.m. Her customers are workers at businesses and high schools. Blanca allows customers to buy products on credit even though she obtains merchandise with cash.

Blanca's goal is to eventually open her own store and improve her well-being. The biggest challenge she faces is a lack of capital. With this loan, her first through Fundación Mario Santo Domingo, she will buy children's clothing, toiletry items, and lingerie. The loan will be her credit base to buy merchandise with while she collects outstanding payments from her customers. She will make this loan a good investment.
View original language description ↓
Blanca de 49 años de edad habita en el municipio de Soledad donde se dedica a la venta de productos mediante guías especializadas, a través de las cuales hace todo su proceso promocional. Los principales artículos de su oferta están la ropa infantil y los artículos de lencería. Blanca recuerda que su negocio inició convencida por un conocido, quien le sugirió hacer una prueba comercial, en la que le fue muy bien. Desde ese momento, hace 4 años, no ha dejado de trabajar en las ventas de productos, dedicada muy en serio a su negocio desde las 8 de la mañana hasta las 8 de la noche. Sus clientes son empleados de empresas colegios, a quienes les vende a crédito mientras ella compra de contado. Su meta mas adelante es abrir su propio local para aumentar sus condiciones de bienestar, pero su mayor desafío es la falta de capital, y esto es lo que logrará con un credikiva, primer financiamiento que hace a la Fundación Mario santo Domingo, mediante el cual comprará ropa para niños, artículos de tocador y de lencería. Este crédito será su capital base para hacer sus compras mientras recupera el dinero producto de sus cuentas por cobrar, haciendo de su credikiva su mejor inversión.

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,940.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Blanca to buy children's clothing, toiletry items and lingerie.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2013
Listed
Jun 29, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014