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Madelis
Madelis sells purses and wallets that her friend brings from a country near Colombia. She sells these products on credit, working daily from 8:00 to 6:00 in the evening, serving the customer base that she has been growing since she started this business in 2009. Her friend suggested that Madelis serve as a distributor and when she accepted, she did not expect such great success. Currently, she buys the products wholesale in cash to sell them to referred friends and neighbors in the neighborhood where she lives.

Her future goal is to import the merchandise that her clients ask for directly so that she can earn more and remodel her home. Her greatest challenge is to create a loyal clientele with good products, prices and customer service. She is now applying to Credikiva, the first request she has made of the Fundacion Mario Santo Domingo, with the goal of purchasing a larger quantity of purses and wallets so that she can increase her sales and offerings, thus improving her business.
View original language description ↓
Madelis es comerciante de bolsos y billeteras traídos por su amiga de un país cercano a Colombia; ella vende a crédito estos productos, trabajando diariamente de 8 a 6 de la tarde a una clientela que ella ha construido, desde el año 2009 cuando inició su negocio. A Madelis su amiga le propuso que fuera su distribuidora y una vez aceptó, el éxito no se hizo esperar. En la actualidad compra de contado a mayoristas para venderle amigos referidos y vecinos del barrio donde habita. Su meta mas adelante es importar directamente la mercancía que sus clientes le solicitan, para ganar mas y en un futuro remodelar su vivienda. Su mayor desafió es fidelizar su clientela, con buenos precios buenos productos y buena atención. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará un mayor volumen de bolsos y billeteras, con el propósito de incrementar sus ventas y sus utilidades, mejorando así las condiciones de su negocio.

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

  • $11,100
    Average annual income
  • 488
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,889.9
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $550 helped Madelis to buy a greater quantity of purses and wallets.
38% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2014
Listed
Aug 16, 2014
Currency Exchange Loss:
Possible