Funded

Total loan: $1,125
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Ruby


A loan of $1,125 helped to buy groceries, small appliances, and supplies for her internet café and to buy another computer.


Ruby's story

Ruby, 57, lives in Malambo, a neighborhood located in the city of Barranquilla. In her store, she offers internet service, prepaid phone cards, phone calls, transcripts, and photocopies and sells a variety of merchandise such as small appliances, groceries, and so forth. Ruby is a widow and mother of 5 children ages 28 to 40. She has always worked to generate income for her household. When she started her family, her now deceased husband brought merchandise from the Colombian border for her to sell. This is how she accumulated the working capital to start her current small business. Three years ago, she added an internet café and, slowly, other related services, with which she has prospered in the market.

Her main customers are her neighbors. She also offers merchandise that she buys wholesale to local shops and other businesses that have become steady customers. Ruby is courageous and strives daily to do a good job, which means her store opens at 8 a.m. and often doesn't close until 10 p.m. Still, she hopes to increase her income to keep improving her circumstances and, therefore, is requesting a loan to buy groceries, small appliances, and supplies for her internet café and to buy another computer. The loan will increase her working capital, giving her the money to buy highly discounted merchandise when the opportunity arises. This is precisely the reason for Kiva credit's success.

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Loan details

Loan length:

18 months
Disbursed date: July 23, 2012
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)

Lenders and lending teams



Loan details

Loan length:

18 months
Disbursed date: July 23, 2012
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)