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Maria Del Rosario
María is a 44-year old woman who lives in the municipality of Sabanagrande, a village by the shore of Gran Río Magdalena (main river in Colombia), in the department of Atlántico. She lives with her husband and their four children: three boys aged 18, 22 and 24, and one girl who is 26 years old. She works selling shoes, women blouses and clothes for men and women, Monday through Sunday from 8am to 8pm. She buys in cash in the market located downtown Barranquilla (capital of the department of Atlántico) and sells on credit to neighbors, family and friends. She started the business three years ago with an aim to find an additional income source for her family. She started with a small capital selling shoes and then added the clothing sale.

This is her first loan with Kiva through Fundación Mario Santo Domingo. She will use the requested amount to buy clothes and shoes for men and women, so that she can increase her stock. She dreams of having her own store and hopes to improve her quality of life.
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La señora María tiene cuarenta y cuatro (44) años de edad, vive en el municipio de Sabanagrande, pueblo ribereño, del departamento del Atlántico, a orillas del Gran Río Magdalena, principal arteria fluvial de Colombia. Reside con su conyugue y cuatro (4) hijos, tres (3) varones en edades de dieciocho (18), veintidós (22) y veinticuatro (24) años de edad, y una mujer de veintiséis (26) años. Su actividad de negocio consiste en la comercialización de mercancía variada como calzado y ropa de jeans para hombres y mujeres y blusas femeninas. De lunes a domingo, de ocho (8) de la mañana a ocho (8) de la noche, ejerce su actividad de negocio, comprando de contado en el mercado del centro de la ciudad de Barranquilla, capital del departamento del Atlántico, y vende a vecinos, familiares y amigos, a crédito. Desde hace tres (3) años inició esta actividad por la necesidad de buscar otra fuente de ingresos para su familia, comenzó con un capital pequeño la venta de calzado, y luego incluyo la venta de ropa. Este es su primer credikiva con la Fundación Mario Santo Domingo, el cual lo aplicará en la compra de ropa y calzado para hombres y mujeres, con esta inversión aumentará sus inventarios. Sueña con tener su local propio, y espera 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.

About Colombia

  • $6,070
    Average annual income
  • 294
    View loans »
    Colombia Loans Fundraising
  • $13,930,350
    Funds lent in using Kiva
  • 1,889.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Maria Del Rosario to buy clothes and shoes for men and women.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2013
Listed
Aug 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014