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Sonia, 34, lives with her husband and her two children, ages 10 and 16. Three years ago, to support the well-being of her household, she decided to generate income with a business in which she sells a variety of merchandise, using catalogues to promote the articles she sells. She sells on credit to a group of customers she has organized who buy from her all the time now.

Her niece is the leader of the brand of products she sells. She introduced her to the business and little by little she has managed to get a foothold. She makes her purchases every 21 days, when she pays her bills for the previous month.

Currently she needs to have available cash to increase the volume of purchases of articles with special discounts that she needs to have in stock to be more competitive. This is why she's asking for a Kiva loan, her first financing from Fundación Mario Santo Domingo.

With her loan she'll buy costume jewelry, perfume, and cosmetics as well as clothing and footwear. With the investment from Kiva she'll be able to increase her capital and have cash to respond effectively to her customers.
View original language description ↓
Sonia de 34 años, vive con su cónyuge y sus 2 hijos en las edades de 10 y 16 años. Ella para apoyar el bienestar de su hogar, desde hace 3 años decidió genera ingresos mediante un negocio, en el cual vende mercancía variada, usando catálogos para promocionar los artículos que ofrece. Sus ventas las realiza a crédito a un grupo de clientes que ha estructurado y que hoy le compran permanentemente. Su sobrina que es líder en la marca de los productos que ella vende, la introdujo en el negocio y ella poco a poco ha logrado posicionarse. Las compras las realiza cada 21 días, en el mismo momento en el que paga sus facturas del mes anterior. En la actualidad requiere tener un efectivo disponible, para aumentar el volumen de sus compras de artículos que tienen descuentos especiales y que ella necesita tener en su estantería para ser más competitiva. Esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará bisutería, perfumería y cosmético, además de ropa y calzado. Con su inversión de Kiva logrará aumentar su capital y ter un efectivo para responder de manera efectiva a su clientela.

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
  • 237
    View loans »
    Colombia Loans Fundraising
  • $17,876,725
    Funds lent in using Kiva
  • 1,809.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Sonia to buy costume jewelry, perfume, cosmetics, clothing, and footwear.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 8, 2013
Mar 21, 2013
Currency Exchange Loss:
Apr 16, 2014