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Lilibeth Maria
Lilibeth, 22, lives in a municipality inside the Atlantico district with her husband and small one year old daughter. To increase her income, her mother-in-law proposed taking up a commercial endeavor and Lilibeth excitingly accepted by investing some capital in costume jewelry. Little by little her business has grown and today her main products that she offers are a variety of silver and costume jewelry that she buys in the city center. There she finds the items at good prices that she can sell to her customers either on credit or in cash.

Lilibeth works from 8am to 6pm distributing the jewelry pieces amongst neighbors and friends. They in turn provide more references and as she is ready to grow her customer base, she must overcome the challenge of having enough cash available to buy more products and expand her market. For this reason she is asking for a credikiva, the first loan provided by la Fundacion Mario Santo Domingo. With the loan she will buy silver items and costume jewelry of various stones and colors so that women can wear them on their neck, head, hands and clothes and feel happy due to their elegance. Looking good will also make them want to come back and buy more.

Her goal in the future is to have her own store where she can offer her products and increase the wellbeing of her family by working on achieving permanent sources of funding to leverage such as KIVA’s.
View original language description ↓
Lilibeth de 22 años de edad, habita en un municipio del departamento del Atlántico, con su cónyuge y su pequeña hija de 1 año de edad. Para incrementar sus ingresos, su suegra le propuso dedicarse a la actividad comercial y entusiasmada Lilibeth accedió, invirtiendo un pequeño capital en fantasía. Poco a poco ha ido surgiendo y hoy los principales productos de su oferta son las prendas de plata y fantasías variadas que compra de contado en el centro de la ciudad, donde adquiere buenos precios para llevarlos a su clientela, a quienes les vende a crédito y también de contado. Lilibeth desde las 8 de la mañana hasta las 6 de la tarde distribuye los artículos entre vecinos y amigos; estos a su vez le han suministrado referidos y por como ella está dispuesta a hacer crecer su estructura de clientes, debe superar el desafío de lograr efectivo disponible, para comprar más productos y ampliar su mercado. Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará platería y fantasías de diversas piedras y colores, para que el género femenino las luzca en su cuello, cabeza, manos y ropa y se sientan feliz por su elegancia y con deseos de volver a comprarle. Su meta más adelante es tener un local donde ofrecer su mercancía y aumentar el bienestar de su familia, trabajando en lograr permanentemente fuentes de financiación que la apalanquen como lo hace KIVA.

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

  • $6,070
    Average annual income
  • 138
    View loans »
    Colombia Loans Fundraising
  • $12,802,650
    Funds lent in using Kiva
  • 1,928.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $650 helped Lilibeth Maria to buy silver and costume jewelry of various stones and colors.
88% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2014
Listed
Apr 25, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015