Funded

Total loan: $1,200
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Rosa Del Carmen


A loan of $1,200 helped to buy a display cabinet, ladies' sweaters, jeans, men's shirts, bags, creams, earring cases, necklaces and dresses that her customers have ordered.


Rosa Del Carmen's story

Rosa started working independently selling fabric, shoes and bags as she has always liked working independently and managing her own money. Her customers were her neighbors and her closest friends who have gradually recommended her to a lot more people. As a result, she has managed to achieve a slight increase in new customers. Her business assets are represented more than anything in her accounts receivable which have a turnover period of 14 days, and in her inventory. Although she has a good profit margin, she doesn't have enough working capital to respond to her customers' orders. This is why she is requesting a Kiva loan which is her first loan through Fundación Mario Santo Domingo. She will use it to buy a display cabinet, ladies' sweaters, jeans, men's shirts, bags, creams, earring cases, necklaces and dresses which her customer have ordered.

Rosa lives in the city of Cartagena with her husband. They have five children aged between 15 and 30. Although she started her business when she was 23 years old, Rosa put her business on hold during her most recent pregnancies and returned to work when her children had grown. Now her existing customers refer new customers to her and her customer base is growing notably.

Rosa's main goal is to strengthen her business. For this reason, she needs to have a display cabinet so that she can keep her merchandise more ordered and be able to better display the products that she sells. Her current challenge is a lack of working capital that she needs to supply her customers, to keep them happy and to keep their loyalty.

Translated from Spanish by Kiva volunteer Linda Oxnard



Loan details

Loan length:

21 months
Disbursed date: June 29, 2011
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)

Lenders and lending teams



Loan details

Loan length:

21 months
Disbursed date: June 29, 2011
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)