A loan of $1,075 helped surtir su negocio con refrescos y víveres al por mayor.

Velma Ester's story

Velma U. lives with her spouse and two children of ages 13 and 15 in the Pradera neighborhood located southwest of Barranquilla. There she has a store called, El Esfuerzo (The Effort), which she started in 99' as a small sale of household items and has gradually grown thanks to her discipline and innate administrative capacity.
She is currently applying for her first loan in order to stock her business with refreshments and wholesale groceries; prices go up towards the end of the year and this way her inventory would be stocked at the best cost and at the best time of the year. Velma is a woman with big dreams, primarily it is to see her kids become professionals; she would like them to be doctors which is why she works so persistently. Her business presents a 19.35 % profit-earning capacity and hopes that after injecting working capital it increases to 25% as an effect of the holidays that are near; a time when her sales usually increase. Her working capital is $12,956,480 COP, her level of debt is 28.8 % and her portfolio turnover is daily. She predicts that her investment will be magnificent this year and will do well in paying the monthly credikiva quotas.

Translator profile picture

Translated from Spanish by Kiva volunteer Gustavo Gutierrez

Loan details

Lenders and lending teams

Loan details