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Lorenza Isabel
Lorenza is 59 years old and lives in the municipality of Soledad, home of the butifarra [sausage], a popular food from the area which is eaten with a yucca roll and lemon. During the fiestas it is often eaten as an appetiser.

Lorenza has a business selling small electrical appliances such as liquidizers, toasters and food choppers as well as household linens such as various bedspreads, quilts, covers and tablecloths. She sells these products on credit to local neighbours who ask for them. She buys in cash at wholesalers and through catalogues. She started the business 15 years ago and learnt it from her parents who had been in this line of business for a long time and passed their experience on to her.

This is her first Kiva loan with the Fundación Mario Santo Domingo and she will use it to buy electrical appliances and bedspreads and to convert premises which she is going to open so she can have somewhere to display her goods. Using this loan she hopes to raise the profile of the business by having a point of sale, and so improve her quality of life.
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Lorenza tiene cincuenta y nueve (59) años de edad, vive en el municipio de Soledad, tierra de la butifarra, popular alimento típico de esta población, que se come acompañado con bollo de yuca, y limón; en las fiestas se usa mucho como picada. Su actividad de negocio consiste en la comercialización de electrodomésticos pequeños, como licuadoras, tostadoras, picatodos, y artículos de lencerías para el hogar como cubrelechos, colchas, forros, tapetes varios. Estos productos los vende a crédito a vecinos del sector que se los solicitan. Compra de contado a mayoristas y por catalogos. Desde hace quince (15) años inició el negocio, el cual lo aprendió de sus padres, quienes desde hace mucho tiempo vienen ejerciendo este tipo de actividad, y le transfirieron toda su experiencia. Este es su primer credikiva con la Fundación Mario Santo Domingo, el cual lo aplicará en la compra de electrodomésticos, cubrelechos, y en la adecuación de un local que va abrir, para tener un punto de exhibición de su mercancía. Con esta inversión espera dar a conocer y posicionar su negocio con el punto de venta, asi, como mejorar su calidad de vida.

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.

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About Colombia

  • $6,070
    Average annual income
  • 278
    View loans »
    Colombia Loans Fundraising
  • $13,617,225
    Funds lent in using Kiva
  • 1,891.9
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,600 helped Lorenza Isabel to buy electrical appliances and bedspreads and to convert premises which she is going to open so she can have somewhere to display her goods.
96% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2013
Listed
Jul 29, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015