Funded

Total loan: $1,025
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Ana


A loan of $1,025 helped to purchase merchandise such as shoes, sheets and towels in order to respond to orders; these are currently on sale.


Ana's story

Ana, age 53, lives in the central zone of Barranquilla with her husband and three children between the ages of 18 and 31. There she has a business where she sells varied merchandise, as well as a drink store. The Fundacion Mario Santo Domingo has supported both of these business through loans for four years. Thanks to this organization she has seen her income increase bit by bit. This is her second loan through Kiva, and Ana thanks her lenders for the support and confidence they will give her. With this investment she will be able to increase her working capital and use her profits to buy a new fridge for her juice. This will offer her customers refreshment, and free up space in her freezer for ice cream and a higher volume of other drinks. With the Fundacion's support, Ana has been able not only to strengthen her business, but also to use her income to improve her living conditions, and to purchase home electronics and other items for her home. She is currently requesting a new Kiva loan, with which she will purchase merchandise to respond to orders, such as shoes, sheets and towels. These items are currently on sale and she will make a better income and get a good response from her customers. Currently, Ana manages a turnover of receivables of 30 days, a 2-day liquidity and profitability of sales of no less than 33%.

Translator profile picture

Translated from Spanish by Kiva volunteer Christine Cooper



Loan details

Loan length:

17 months
Disbursed date: August 9, 2011
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)

Lenders and lending teams



Loan details

Loan length:

17 months
Disbursed date: August 9, 2011
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)