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Yofana
Yofana is 40 years old and generates her primary earnings from renting out washing machines. She has 13 years of experience in her business, which she started when she saw the potential among her neighbors, who needed to obtain this service. Yofana works every day from 8 in the morning to 6 in the evening and her goal is to increase her earnings, acquiring up to 40 washing machines in order to buy her own house in the future with the increase in her productivity. She currently provides her service to neighbors, especially women.

Yofana promotes her business by means of quality customer service and advertisements that are located at her business. She us currently applying for a Kiva loan, the first financing she has requested from Fundación Mario Santo Domingo. With this loan she will buy four washing machines, which will increase her service and increase her capacity to respond to her customer base, improving her business with this investment.
View original language description ↓
Yofana de 40 años, genera sus principales ingresos alquilando máquinas para lavar o lavadora. Ella tiene 13 años de experiencia en su negocio, el cual inició cuando observó la potencialidaqd de su vecindad, quienes tenian la necesidad de obtener este servicio. Yofana trabaja diariamente desde las 8 de la mañana hasta las 6 de la tarde y tiene como meta incrementar sus ingresos, adquieriendo hasta 40 lavadoras, para en un futuro comprar su propia casa, con el aumento de su productividad. En la actualidad su oferta de servicios es atendida por sus vecinos, especialmente mujeres; Yofana promueve su negocio mediante una atención de calidad y avisos publicitarios que ubica en su negocio. En la actualidad está aplicando a un credikiva, primer finacimeinto que hace a la Fundación mario Santo Domingo, mediante el cual comprará 4 lavadoras, que incrmentarán su servicio y aumentarán su capacidad de respuesta a su clientela, mejorando su negocio con esta 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
  • 176
    View loans »
    Colombia Loans Fundraising
  • $13,090,925
    Funds lent in using Kiva
  • 1,887.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $575 helped Yofana to buy four washing machines.
39% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2014
Listed
Aug 17, 2014
Currency Exchange Loss:
Possible