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Cecilia
Cecilia, who is 61, sells a range of goods such as footwear and clothing, lingerie and bed linen. She set up her business 31 years ago as an alternative means of generating an income to support her family which consisted of her husband and 4 now grown-up children. Her determination and hard work enabled her to contribute to her family's livelihood, since what her husband earned was not enough. She sells her goods among her neighbours and friends and people to whom they have recommended her, and this has helped her increase her clientele. She has been granted 21 loans by the Fundación Mario Santo Domingo, with whose support she has been able to make progress along with her business. The funds have helped her to increase her working capital. Her ambition for the future is to have a shop window and display case so that she can organise her business more, whilst her greatest challenge is to establish a portfolio of accounts to recover amounts owed more effectively and avoid losing money when selling on credit to customers who lack the ability to pay. She is currently applying for a Kiva loan which she will use to make bulk purchases of footwear, women's, men's and children's clothing and household goods (because Christmas and the New Year are coming) and she needs to have enough stock to be able to respond to the growing demand for goods at this time of year and the special prices of the supply side of the market.
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Cecilia de 61 años de edad se dedica a la venta de mercancía variada como calzado y vestuario, artículos de lencería y ropa para camas. Su negocio inició hace 31 años, cuando ella pensó en una alternativa generadora de ingresos con la cual apoyar a su familia conformada por su cónyuge y sus 4 hijos hoy adultos, a quienes con su esfuerzo y trabajo les aportó para salir adelante, pues con solo los ingresos de su esposo resultaban insuficientes. Sus ventas las realiza entre sus vecinos amigos y referidos por estos, que le han ayudado a incrementar su clientela. Ella ha recibido 21 créditos de la Fundación Mario Santo Domingo, organización en la cual se ha apoyado, para dar curso a su crecimiento y el de su negocio. Pues los financiamientos le han ayudado a incrementar su capital de trabajo. Su meta más adelante es tener una vitrina y estantería para organizarlo mucho más, mientras su mayor desafío es lograr una cartera de cuentas por cobrar más efectiva, para no perder dinero al hacerles créditos a clientes sin capacidad de pago. En la actualidad está aplicando aun credikiva, con el cual comprará en mayor volumen calzado, ropa, femenina masculina e infantil y artículos para el hogar, aprovechando que se acercan las navidades y el año nuevo y debe tener inventario suficientes que resulten suficientes, para responderle a la creciente demanda de productos que amerita de esta temporada y los precios especiales de la oferta del mercado.

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.

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About Colombia

  • $11,100
    Average annual income
  • 486
    View loans »
    Colombia Loans Fundraising
  • $15,260,325
    Funds lent in using Kiva
  • 1,934.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,050 helped Cecilia to make bulk purchases of footwear, women's, men's and children's clothing and household goods.
93% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2013
Listed
Nov 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 21, 2015