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Elizabeth
Elizabeth is 60 years old and lives in the town of Puerto Colombia, department of Atlántico, 13 km from the city of Barranquilla and part of the metropolitan area of the city. The Caribbean coast is nearby to the north, so her most important business is tourism. Elizabeth is separated and has 3 children aged 32, 36 and 40. Her businesses are: general store, selling colognes, perfumes, creams and cosmetics through catalogues, and sewing men's and women's clothing. She learnt how to sew from her mother when she was very young and has been making clothes for 30 years. She started selling merchandise more recently on the suggestion of a friend who encouraged her to start this business to generate more income for her family. She buys materials, supplies and merchandise at stores in the city of Barranquilla, by cash or credit. She sells to friends, neighbours and family members by the same payment methods. Her working day is from 8 in the morning until 8 at night.

This is her first Kiva loan with the Fundación Santo Domingo and she will use it to buy fabric, thread, lace, perfumes, colognes, creams, cosmetics and accessories. With this investment she hopes to be able to increase her sales and her profits, and put some money into savings. Her medium to long term goal is to finish refurbishing her home and to increase the general store business.
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Elizabeth tiene sesenta (60) años de edad, reside en el municipio de Puerto Colombia, departamento del Atlántico, a 13 km de la Ciudad de Barranquilla, y forma parte del área metropolitana de esta ciudad. Colinda al norte con las costas del mar caribe. Por lo que su actividad económica más importante es el turismo. La señora Elizabeth tiene 3 hijos, de treinta y dos (32), treinta y seis (36), y cuarenta (40) años de edad, su estado civil es separada. Sus actividades de negocio son: Miscelanea, venta de colonias, perfumes, cremas, y cosméticos por catálogos, y confección de prendas de vestir femeninas y masculinas. Desde hace treinta (30) años ejerce el oficio de confecciones que lo aprendió de su mamá, desde muy joven. La venta de mercancía la inició hace menos tiempo, atendiendo una sugerencia de una amiga, que la motivó a vincularse a esta actividad, para buscar mayores ingresos para su familia. Compra los materiales, insumos, mercancías en almacenes de la ciudad de Barranquilla, a crédito y contado. Y vende a amigos, vecinos y familiares también en estas dos modalidades. Su jornadas de trabajo son todos los días de ocho (8) de la mañana a ocho (8) de la noche. Este es su primer credikiva con la Fundación Mario Santo Domingo, el cual lo aplicará en la compra de telas, hilos, encajes, perfumes, colonias, cremas, cosméticos y accesorios. Con esta inversión espera aumentar las ventas, las utilidades, y generar ahorros. Su meta a largo o mediano plazo, es la de terminar de remodelar su casa, y ampliar el negocio de la miscelánea.

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
  • 139
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,869.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Elizabeth to buy fabric, thread, lace, perfumes, colognes, creams, cosmetics and accessories.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014