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Mercedes, 65, is the mother of four children who are all adults now. She’s a merchant. She sells a variety of products like sheets, bags, cosmetics, toys and beer to her customers who are mainly local neighbors and from adjacent neighborhoods who have become regular buyers and who recommend other customers occasionally who also increase her sales daily.

Mercedes has 17 years’ experience in this activity and started her business in 2006 because before that she had a fruit stand at home. She’s currently applying for a loan to buy beer, sheets, bags, cosmetics, toys and other products at wholesale and for cash in order to be well-stocked for the last two months of the year when family parties increase consumption. Mercedes will attain greater liquidity with these purchases and will increase both her working capital and her sales and profits because this is precisely her goal. With her Kiva loan, first financing with Fundación Mario Santo Domingo, she’s start to reach her goal.
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Mercedes tiene 65 años y es la madre de 4 hijos que hoy están en edad adulta. Ella es comerciante y vende variedades de productos, como sábanas, bolsos, cosméticos, juguetes, y cervezas a sus clientes, que son principalmente vecinos del sector y de otros barrios, quienes se han convertido en compradores fijos y recomiendan clientes ocasionales, los que también diariamente aumentan sus ventas. Mercedes tiene 17 años de experiencia en esta actividad, e inició su negocio en el año 2006, pues antes de él, tenia una frutera en su casa. En la actualidad está aplicando a un crédito, con el cual quiere comprar cervezas, sabanas, bolsos, cosméticos, juguetes y más productos al por mayor y de contado, para genera una buena oferta en este último bimestre donde las fiestas familiares aumentan el consumo. Con estas compras, Mercedes logrará mayor liquidez, aumentará su capital de trabajo, así como sus ventas y utilidades, porque esta es justamente su meta y con su credikiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, iniciará en el logro de su propósito.

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
  • 299
    View loans »
    Colombia Loans Fundraising
  • $17,913,950
    Funds lent in using Kiva
  • 1,830.4
    Colombia Pesos (COP) = $1 USD
A loan of $1,650 helped Mercedes to pay cash for and buy beer, sheets, tote bags, cosmetics, toys and other products at wholesale.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Oct 31, 2012
Nov 6, 2012
Currency Exchange Loss:
Dec 6, 2012