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Carmen is 42 years old and lives to the south of the city with her husband and 10-year-old child. She sells a variety of merchandise, especially clothes for women, men, and infants. Carmen started her business 20 years ago, buying clothes that she would sell later to the public. She ordered clothes that have an elegant look. Her main customers are from her hometown and from the Departments of Sucre and Bolívar. Carmen extends credit to her customers and is very judicious with the payment terms that she offers. Her dream is to grow her business so that her daughter can pursue a quality professional education. With her first Kiva loan through Fundación Mario Santo Domingo, Carmen will buy clothing for women, men, and infants of all brands.

Carmen is confident that her investment will be successful because of her experience. She works primarily from orders and offers a variety of good quality merchandise at affordable prices. Carmen also adjusts her payment terms based on the customers that she is targeting. She manages to generate a profit from her sales within a period of no less than 32 days. Her accounts receivable period is 30 days. These indicators are the signs that predict her potential growth, which will increase with a successful investment of her Kiva loan.

View original language description ↓
Carmen de 42 años vive al sur de la ciudad con su esposo y su hijo de 10 años de edad. Allí se dedica a vender mercancía variada, especialmente ropa para damas, caballeros e infantil. Su negocio lo inició hace 20 años, comprando ropa para ella que luego la vendía al público, ya que le solicitaban la que ella elegantemente lucia. Su principal clientela está situada en su pueblo natal entre los departamentos de Sucre y Bolívar, sus ventas las realiza a crédito a una clientela acreditada y muy juiciosa con sus pagos a plazos. Su sueño es hacer crecer al negocio de tal manera que logre estudios profesionales de calidad para su hija. Con su credikiva primer financiamiento que hace ala Fundación Mario Santo Domingo, comprará ropa en todas las líneas, femenina, masculina e infantil, y está segura de una inversión exitosa por su experiencia, porque trabaja sobre pedidos y con mercancía de buena calidad, variedad y precios cómodos, así como también con plazos otorgados ajustados a su clientela meta. Carmen en su negocio maneja una rentabilidad sobre las ventas no menor de 32 días, una rotación de cuentas por cobrar de 30 días, indicadores desde los cuales proyectamos su potencial crecimiento y auguramos una inversión de su credikiva exitosa.

Additional Information

About Fundación Mario Santo Domingo

Fundación 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.

About Colombia

  • $11,100
    Average annual income
  • 356
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,782.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Carmen to purchase a variety of clothes for women, men, and infants.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 31, 2011
Sep 13, 2011
Currency Exchange Loss:
Sep 15, 2012