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Teresa De Jesus
Teresa, age 40, has had her own general store since 2004. Her commercial activity is a product of a family tradition. It was her mother, a seamstress and merchant, who was her example. She taught her and her siblings to take care of themselves. Teresa now recognizes her mother’s work. She says that it has been difficult to get a job. Teresea has two children, ages 15 and 20, and she lives with them. With the help of her oldest son, she has managed to get ahead and support her daughter’s education.

Her mid-range goal is to have her own independent place in an area that is very busy. She also wants to have her own home. Her greatest challenge is managing business growth and getting loans for a greater amount. She wants these things in order to get more income and to support her children even more.

This is the reason that she turns to a Kiva loan. It is her first loan with the Fundación Mario Santo Domingo. She will use the loan to buy pants and shirts from different lines. With this her business will improve. She will get greater income, and this is exactly what makes her Kiva loan a good investment.
View original language description ↓
Teresa de 40 años de edad, tiene su propia miscelánea desde el año 2004. Su actividad comercial es producto de la tradición ocurrida en su familia, pues su madre. Confeccionista y comerciante, fue quien con su ejemplo “enseñó a ella y a sus hermanos a valerse por su propia cuenta“. Hoy en día, Teresa hace reconocimiento a la labor de su madre, pues dice que ha sido difícil conseguir un empleo. Teresa en su condición de mujer y madre de 2 hijos en las edades de 15 y 20 años, con quienes habita, ha logrado que con el apoyo de su hijo mayor salir adelante y apoyar la educación de su hija. Su meta a mediano plazo es tener un local propio e independiente en un lugar de gran afluencia de público y adquirir su vivienda propia. Su mayor desafío es lograr su crecimiento empresarial y adquirir créditos por un mayor valor. Para obtener mas ingresos y apoyar a un mas a sus hijos. Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo mediante la cual comprará pantalones y camisas en diversas líneas. Con ello su negocio mejorará pues obtendrá mayores ingresos y esto es justamente lo que hace de su credikiva una buena inversión.

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

  • $6,070
    Average annual income
  • 182
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,915.7
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,050 helped Teresa De Jesus to buy pants and shirts from different lines.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2014
Listed
Jun 3, 2014
Currency Exchange Loss:
Possible
Expired:
Jul 3, 2014