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Veris
Veris is 53 and has sold clothing and various goods for 33 years. Her aunt helped her set up the business when she was just 20 years old. Veris and her husband have three children, ages 15, 21, and 24. The income from Veris's business, together with her husband's earnings, allow the couple to meet the family's expenses.

Veris sells under and outerwar, shoes, and a great variety of household items that her customers request. She sells her merchandise four days a week, for cash or on credit, and is always adapting to the market. Veris buys her inventory from the specialized companies in each product line, usually paying cash, but sometimes buying on credit.

Veris's goal is to keep strengthening her business in order to increase her investment. Her major challenge is to increase her income so that her children will be able to have professional careers and opportunities to succeed. Veris's capital is currently insufficient for the larger purchases she needs to make ahead of the Christmas and New Year's holidays. She has therefore applied for a Kiva loan, the first financing she's requested from the Mario Santo Domingo Foundation, that she will use to purchase underwear, shoes, perfumes, and household items. This investment will result in more working capital, more customers, higher sales, and greater profits, all of these adding up to a successful Kiva loan.
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Veris tiene 53 años y se dedica al comercio en general, actividad con la que ha generado ingresos junto a su cónyuge para satisfacer las necesidades de su familia en la cual existen 3 hijos en las edades de 15, 21 y 24 años. Desde hace 33 años inició su negocio, de la mano de su tía cuando Veris cumplía su mayoría de edad aproximadamente. Su oferta comercial, incluye ropa exterior e interior, artículos para el hogar, calzado, variedades y muchos más artículos domésticos, que por encargo solicitan sus clientes. Veris trabaja en la venta 4 horas diarias, ofrece a sus compradores alternativas de crédito y contado, ajustándose a las posibilidades de su mercado. Las compras las realiza en empresas especializadas en cada línea de producto, de contado y algunas veces a crédito. Su meta es fortalecer cada vez más su negocio, para acrecentar su inversión, porque tiene como gran desafío ganar mucho más para lograr que sus hijos logren una carrera profesional y alcancen oportunidades de éxito. En la actualidad el capital de trabajo no es suficiente para hacer compras en mayor volumen, que le permitan preparase para la temporada de navidad y de año nuevo, por eso ha acudido a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará ropa interior, artículos para el hogar, calzado y perfumería, inversión con la cual tendrá mas capital de trabajo, mas ventas , mas clientes y mayores utilidades, haciendo de su credikiva una inversión exitosa.

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

  • $6,070
    Average annual income
  • 293
    View loans »
    Colombia Loans Fundraising
  • $13,946,700
    Funds lent in using Kiva
  • 1,928.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $800 helped Veris to purchase underwear, shoes, perfumes, and household items.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2013
Listed
Nov 29, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2014