This Kiva loan is the third time she has requested financing from Fundación Mario Santo Domingo. With her previous loans, Ruby was able to increase her earnings and pay for her children’s schooling because her greatest dream is to see them work tirelessly until they can finish university. Her children are very studious and also dream of becoming professionals. In addition, her loans helped her to acquire tools and equipment to retrofit her food business so that she could expand and diversify her product offering which she has already achieved. With this loan she plans to buy thread and natural fibers for making purses for which she has received orders. In addition, she will buy ingredients such as rice, oil, salt, and meat in large volume, as well as a variety of other merchandise.
Ruby’s biggest challenge is selecting customers who are responsible when purchasing on credit. Every day she is learning more and gradually controlling the amount of risk she takes by only selling to individuals who are working or have been recommended by her best customers. Another challenge she faces is paying for her children’s education by herself since she has separated from her husband. Thanks to God, her efforts have not been fruitless because her children are very aware of her hard work and are taking advantage of the opportunities she has created for them.
El mayor desafío de Ruby es elegir clientes responsables cuando le compran a crédito, pero cada día aprende más y gradualmente asume riesgos controlados, como solo venderle a quienes trabajan y son recomendados de sus mejores clientes. Otro de sus desafíos es educar ella sola a sus hijos después de la separación de su esposo, pero da gracias a Dios porque sus esfuerzos no resultan infructuosos pues sus hijos, son muy conscientes de sus esfuerzos y están aprovechando las posibilidades que ella está construyendo.
About Fundación Mario Santo DomingoFundación 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.
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Success!! The loan was 100% repaid