Ines has a business of selling imported clothing from the United States, which she offers on credit. She started in this line of work three years when one of her sisters-in-law, who travels frequently to the United States, suggested that she sell imported American clothing. Ines agreed and now, thanks to God, her business has been well-received. She buys the clothes from her sister-in-law with cash and then sells them on credit to her customers, most of whom are her friends. The rest are people who have been referred to her.
Ines operates her business every day from 8:00 A.M. to 7:00 P.M. This is her first Kiva loan through Fundación Mario Santo Domingo. She will use the money to buy blouses, skirts, dresses, shirts, and trousers imported from the United States. With this investment, she hopes to increase her inventory, her sales, and her profits. One of her dreams is to finance her children’s higher education, but she also wants to open a store.
About Fundación Mario Santo DomingoFundación 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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Success!! The loan was 100% repaid