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Nancy
Nancy is 63-years-old and lives in the south of the city. She is separated from her husband and must generate sufficient income for her household. In 1983, she decided to pursue selling merchandise to support the well-being of her five children now between the ages of 28 and 39 years. With this business, she has been able to move forward with her immediate family selling sheets, comforters, and clothing to her clients’ orders, offering each a payment plan tailored to their needs. 100% of her sales are made on credit in two weeks cycles working from 8 am to 4 pm. She is currently applying for a Kiva loan, her first through the Fundación Mario Santo Domingo, to buy women's clothing and bedclothes. With this investment, she projects that her business will expand its selection and she can effectively implement her customers’ orders.
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Nancy de 63 años de edad habita al sur de la ciudad y en su condición de mujer separada de su esposo debió acudir a generar ingresos suficientes para su hogar, así fue como desde el año 1983 decidió dedicarse a la venta de mercancías para lograr apoyar el bienestar de sus 5 hijos, hoy en las edades de 28 a 39 años. Con su negocio ha salido adelante con su núcleo familiar pues distribuye por encargos sabanas, cubrelechos, ropa y artículos que sus clientela le solicita, haciéndole a cada uno de ellos un plan de pagos ajustados a sus necesidades. En un 100% sus ventas las realiza a crédito, con una frecuencia quincenal, trabajando desde las 8 de la mañana hasta las 4 de la tarde. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará ropa para habitaciones y para damas. Con esta inversión proyecta que su negocio esté surtido y ella pueda cumplir efectivamente los pedidos de su clientela

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
  • 556
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,881.8
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $800 helped Nancy to purchase bedclothes and women's clothing.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 10, 2013
Listed
Oct 9, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 8, 2013