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Mónica  Isabel
Mónica is 49 years old and has a family made up of her spouse and their two children ages 22 and 25. Her goals for them are to improve their wellbeing, strengthen her working capital, and increase her sales and her profits through her business where she sells miscellaneous merchandise.

Her greatest challenge in increasing her sales and reaching her goals is a lack of working capital because even though she has been selling clothing, footwear, accessories and other items for 15 years, she sells on credit, therefore in order to fulfill her orders she must wait for her customers to pay for the merchandise that she has sold them. For this reason, she is seeking her first loan from Kiva through the Mario Santo Domingo foundation. She will use the loan to purchase clothing, footwear, cosmetics and home accents to fulfill her customers' orders. With this investment in her business, she will increase her working capital, her sales and her profits.
View original language description ↓
Mónica de 49 años de edad, conforma una familia con su cónyuge y sus dos hijos en las edades de 22 y 25 años, y con ellos tiene como meta aumentar el bienestar de su familia fortaleciendo su capital de trabajo aumentando sus ventas y sus utilidades mediante el trabajo en su negocio donde vende mercancía variada. La falta de capital de trabajo para incrementar sus ventas y cumplir sus propósitos son su mayor desafío; pues aunque vende desde hace 15 años, ropa, calzado, accesorios etc, trabaja mediante créditos a sus clientela y para responder a sus pedidos, debe esperar a que estos le paguen la mercancía que ella le ha vendido. 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 ropa, calzado, cosméticos, detalles para el hogar, según pedidos de sus compradores; con esta inversión su negocio mejorará pues aumentará el capital de trabajo, las ventas y sus utilidades.

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
  • 482
    View loans »
    Colombia Loans Fundraising
  • $14,960,825
    Funds lent in using Kiva
  • 1,886.1
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $675 helped Mónica Isabel purchase clothing, footwear, cosmetics, and home accents.
67% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jul 25, 2014
Aug 13, 2014
Currency Exchange Loss: