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Thirty-six-year-old Sugheis is a very enterprising woman who generates income for her family from two businesses. On the one hand, she sells various merchandise, such as women's dresses, sleepwear, perfumes, and cosmetics, which she delivers to each customer according to what she has ordered from her. She sells on credit and gets back her investment weekly, biweekly, or monthly depending on the agreement with her customer. Her other business is renting washing machines. Her customers are mainly housewives who cut down on their household workload by using these machines, which make their work more efficient. She started working as a merchant three years ago. As she wants to continually improve her businesses, her working capital is no longer sufficient, especially during times when her businesses' turnover increases, such as the end of the year. This is why she has sought out a Kiva loan through her first financing experience with Fundación Mario Santo Domingo. With it, she will buy merchandise, such as elegant dresses and shoes, to fill her customers' orders and make sure they are well dressed for Christmas and New Year's 2012.
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Sugheis de 36 años de edad es una mujer muy emprendedora que genera sus ingresos familiares a partir de dos negocios, por un lado se dedica a la venta de mercancías variada, como vestidos femeninos, ropa de dormitorios, perfumes, cosméticos, los que distribuye de cliente a cliente de acuerdo con el pedido que estos le hagan; ella vende a crédito y recupera su inversión, semanalmente, quincenalmente o mensualmente basado en lo que pacte con sus clientes. El otro negocio es el alquiler de lavadoras, cuyas clientelas son principalmente las amas de casa, que disminuyen su carga de trabajo doméstico, mediante la utilización de estas máquinas, que lo hacen mas efectivo su trabajo. Su negocio como comerciante lo inició hace 3 años ; como su deseo de superación empresarial es permanente, su capital de trabajo se torna insuficiente, especialmente en las épocas de mayor movimiento comercial, como las de fin de año. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo con el cual comprará, mercancías como vestidos elegantes y calzado, para responderle a sus clientes los pedidos, y que estos estén elegantemente vestidos, esperando la navidad y el nuevo año 2012.

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
  • 221
    View loans »
    Colombia Loans Fundraising
  • $16,925,975
    Funds lent in using Kiva
  • 1,920.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Sugheis to buy merchandise such as elegant dresses and shoes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 20, 2011
Dec 27, 2011
Currency Exchange Loss:
Jan 15, 2013