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Carmen is 59 years old. She lives in the south west of the city. After consulting with her husband and her daughter which would be the best way to succeed, she started her business 11 years ago. Now she is generating income with an activity which is new in her family.

Initially, she started to sell footwear and then her clients also needed beauty products. This is why she started selling makeup and hair products, to which she gradually added women’s accessories and also personal grooming products.

She sells directly to her customers, for cash or on credit, Monday to Sunday between 10 a.m. and 7 p.m. She offers her goods to the residents in her neighborhood and in the surrounding areas. She makes her purchases in the city and pays in cash.

Carmen has received four loans from Fundación Mario Santo Domingo and she managed improve her business by buying many additional products and showcases to organize them. It is her goal to have a store to expand her business opportunities and by this to provide for a better life for her children. She is now asking for a Kiva loan which she will use to invest in the last quarter of the year, as in this season she makes much profit with her sales. With the Kiva loan she will buy footwear, apparel and women’s accessories – products which have a high turnover in this beautiful time of Christmas and New Year, when people want to dress smart to await the festivities with their families with hugs, music and smiles.
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Carmen de 59 años de edad, habita en el sur occidente de la ciudad, lugar donde hace 11 años empezó su actividad comercial, después de consultar con su esposo y su hija, la formula para salir adelante, generando ingresos con una actividad alternativa de la familia.
Inicialmente empezaron a comercializar con calzado y entre su clientela surgió la necesidad de ofrecer productos de belleza, razón por la cual empezó a vender maquillaje, productos capilares a los que gradualmente, adicionó accesorios para damas, productos de aseo personal, distribuidos directamente entre su clientela.
Sus ventas las hace de contado y a crédito, de lunes a domingos, en un horario que inicia desde las 10 de la mañana hasta las 7 de la noche, ofreciendo estas mercancías, entre sus vecinos del barrio y de los sectores aledaños, mientras sus compras las realiza de contado, en el centro de la ciudad.
Carmen ha recibido cuatro financiamientos de la Fundación Mario Santo Domingo, con los que ha logrado mejorar su negocio, comprando muchos más artículos y vitrinas donde organizarlos. Su meta es tener un almacén, para ampliar sus posibilidades de ingresos, con el fin de hacer que sus hijos logren un mayor bienestar. En la actualidad está aplicando a un credikiva, con el cual planea impactar las ventas del último trimestre del año, temporada en la cual las ventas impactan positivamente sus ingresos. Con su credikiva comprará calzado, ropa, accesorios femeninos, mercancías de mayor rotación en esta época hermosa de navidad y de año nuevo, en la cual las personas, quieren vestir elegantes para esperar en unidad familiar las fiestas que los integran entre abrazos, música y sonrisas.

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

  • $11,100
    Average annual income
  • 486
    View loans »
    Colombia Loans Fundraising
  • $15,255,525
    Funds lent in using Kiva
  • 1,886.8
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,700 helped Carmen to buy footwear, apparel, women's accessories.
93% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 10, 2013
Oct 28, 2013
Currency Exchange Loss:
May 17, 2015