100%

funded

Total loan: $375

Marina

Cartagena de Indias, Bolivar, Colombia / Retail

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A loan helped To buy in cash and larger quantities: flip-flops, , girls' accessories, sandals and .


Marina's story

Marina lives in the city of Cartagena with her husband and six children, ages 19 to 37. She sells cosmetics and typical sandals that she brings from Sincelejo in the department of Sucre. In her house she has a display case to exhibit the variety of merchandise. She also sells door-to-door either in cash or on a credit basis, adjusting the terms to each customer. She began business selling corn and rice drinks and later added lunches. But now she sells cosmetics out the home she resides in with her husband and daughter. Her goal is to convert the business into a large bazaar where customers can find everything they need. This is why she wants to obtain working capital in the form of loans such as this credikiva which is her first through the Mario Santo Doming Foundation. She will use it to buy larger volumes of products, paying in cash, such as flip-flops, clothing, girls' accessories, sandals and cosmetics. This is mainly for the upcoming love and friendship festivities which always increase sales. She has an accounts-receivable turnover of 30 days and an inventory turnover of 52 days. Her profit over sales is no less than 24.02%. These indicators help her plan business growth.