Check out some available loans that are similar to this one!
Maria
Maria lives in Malambo, a metropolitan municipal area in Barranquilla. She lives with her family which consists of her spouse and her 3 children between the ages of 13 and 23 years. Since she was 12 years old, she has worked as a merchant, the main goods being creams and perfumes. These are sold in cash or credit, depending on the characteristics of the customer.

From 8 in the morning until 8 at night, she works in her business, because her main goal is to increase sales, to better her family's lifestyle. Although, her biggest challenge has been reliable funding sources and receiving it at a low cost. She has found this possibility with the Kiva credit, to increase her purchases and make them cash based, because she had them based on credit for the last season.

Her dream since she began her business has been to support her spouse, in response to the household expenses, by using this commercial activity. Through her sales, she has gained access to 3 specialized products, with which she has expanded the good she can offer and achieve her biggest dream, to better her family's lifestyle.

She is currently applying for a Kiva credit, first financed by Fundación Mario Santo Domingo, that will help her to buy perfumes, creams, casual and active clothing. With this, she can increase her inventory and could better serve her customers to make higher profits in her business.
View original language description ↓
Maria habita en Malambo, un municipio área metropolitana de Barranquilla, con su familia conformada por su cónyuge y sus 3 hijos en las edades de 13 a 23 años. Desde hace 12 años se dedica a la venta de mercancía, siendo sus principales productos las cremas y perfumes, que vende de contado y a crédito, de acuerdo a las características de cada cliente. Ella desde las 8 de la mañana hasta las 8 de la noche, se dedica a su negocio, porque tiene como principal meta aumentar las ventas, para incrementar el bienestar de su familia. Aunque su mayor desafío, ha sido lograr fuentes de financiación confiables y a bajo costo, ha encontrado la posibilidad con su credikiva para incrementar sus compras y hacerlas de contado, pues las ha estado haciendo a crédito en la última temporada. Su sueño desde que inició su negocio ha sido apoyar a su cónyuge, en dar respuesta a los gastos de su hogar, mediante esta actividad mercantil, en la que ha logrado acceder a 3 tipos de guías especializadas de productos, con las que ha ampliado su oferta de mercancías y logrado su mayor sueño, que es el aumento del bienestar familiar. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante la cual comprará perfumes, cremas, ropa casual y deportiva, con la que aumentará sus inventario y podrá servir mucho mejor a su clientela para obtener mayores utilidades en su negocio.

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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 497
    View loans »
    Colombia Loans Fundraising
  • $14,967,400
    Funds lent in using Kiva
  • 1,925.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Maria to buy perfumes, creams, casual and active clothing.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2013
Listed
Aug 24, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014