Funded

Total loan: $1,075
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Laura


A loan of $1,075 helped tO BUY LEATHER CLOTHING ITEMS, BLOUSES FOR THE OFFICE, SHIRTS, COATS, JACKETS, PERFUME, UNDERWEAR, WOMENS PURSES AND BAGS TO SELL.


Laura's story

Laura is a married woman with 4 children, aged 16 to 34, who lives in Cundinamarca/Bogota. She is an entrepreneur dedicated to selling leather clothing imported from Los Angeles (USA). Roughly a year ago she became independent, opening her present business, after working for a long time as manager of a bank office, where she got to know the Fundacion Mario Santo Domingo, which attracted her attention, in hopes of becoming part of their micro-enterprise program. She alternates her commercial activity, serving as an account executive, then independently, selling life insurance policies, for which she receives a commission, and next year she expects to receive her pension.

Laura's micro-enterprise presently has the following financial indices: a cost of sales of 36%, a gross profit of 64%, an operating profit of 40.78% of sales value, and a net profit over sales of 29.5%. Indications are that her liquidity can support a short-term debt. Inventory circulation is every 20 days, from the time of purchase to sales and time of payment.

Laura is a woman who is dedicated to her activity and very well organized with her finances, even to the point where after many years working in a financial institution, she takes good care of her credit life. But, today, being independent, she is not eligible for bank loans. For this reason, she has approached this Foundation for the purpose of establishing her credit life, to open a market and take advantage of the contacts she has made over many years.

This is the reason for her Kiva loan, the first with the Foundation, which will be invested in working capital, taking advantage of the Christmas season and having sufficient stock to fulfill her customers' orders, increase her capital, and to be self-sufficient in managing discounts and gaining better tax margins. Laura will buy leather clothing, shirts, coats, jackets, perfume, underwear, and womens' purses and bags.

Translator profile picture

Translated from Spanish by Kiva volunteer Harold Sims



Loan details

Loan length:

14 months
Disbursed date: December 3, 2010
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: December 3, 2010
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)