Funded

Total loan: $1,700
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Carmen


A loan of $1,700 helped to buy footwear, apparel, women's accessories.


Carmen's story

Carmen is 59 years old. She lives in the south west of the city. After consulting with her husband and her daughter which would be the best way to succeed, she started her business 11 years ago. Now she is generating income with an activity which is new in her family.

Initially, she started to sell footwear and then her clients also needed beauty products. This is why she started selling makeup and hair products, to which she gradually added women’s accessories and also personal grooming products.

She sells directly to her customers, for cash or on credit, Monday to Sunday between 10 a.m. and 7 p.m. She offers her goods to the residents in her neighborhood and in the surrounding areas. She makes her purchases in the city and pays in cash.

Carmen has received four loans from Fundación Mario Santo Domingo and she managed improve her business by buying many additional products and showcases to organize them. It is her goal to have a store to expand her business opportunities and by this to provide for a better life for her children. She is now asking for a Kiva loan which she will use to invest in the last quarter of the year, as in this season she makes much profit with her sales. With the Kiva loan she will buy footwear, apparel and women’s accessories – products which have a high turnover in this beautiful time of Christmas and New Year, when people want to dress smart to await the festivities with their families with hugs, music and smiles.

Translated from Spanish by Kiva volunteer Ellen Vaethjunker



Loan details

Loan length:

20 months
Disbursed date: October 10, 2013
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)

Lenders and lending teams




Loan details

Loan length:

20 months
Disbursed date: October 10, 2013
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)