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Yolanda
Yolanda is 53-years old and has two adult children. For more than 14 years she worked as an operator in a factory that made brooms and rags. When she left that work, she took the money from her severance pay and invested it in a business. At first the business was located near a small grocery store, where she had a nice potential for customers. Later, she located it in her own home and now has it in a store front that is working well. She added on lunches, phone orders, internet orders, photocopying etc. Yolanda's work day starts at 6:00am and ends at 2:00pm. She makes her largest sales on the weekends. Her customers are students, employees and neighbors from her neighborhood who know the quality that Yolanda provides. Her goal is to make improvements to the physical condition of her kitchen and add an industrial stove to increase her productivity. Her greatest challenge is having sufficient resources to meet her goals. Yolanda is currently requesting a Credikiva, her first financing with Fundación Mario Santo Domingo. With the financing, Yolanda will purchase two computers and raw materials like rice, cooking oil etc. with the goal of increasing her productivity and making her Credikiva a successful investment.
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Yolanda tiene 53 años de edad y 2 hijos adultos; Desde hace más de 14 años trabajó como operaria, en una fábrica donde elaboraban escobas y traperos y cuando salió de ella tomó el dinero de su indemnización y lo invirtió en un negocio, primero ubicado cerca a una bodega donde tenia un buen potencial de clientes, después en su propia casa y hoy en el local en el cual funciona, donde adicionó almuerzos, servicios de llamadas e internet, fotocopiaje etc. Su día laboral inicia a las 6 de la mañana y finaliza a las 2 de la tarde , sus mayores ventas las obtiene los fines de semana y sus clientes son estudiantes , empleados y vecinos del barrio que conocen la calidad de su oferta. Su meta es lograr mejorar las condiciones físicas de su cocina y adicionar una estufa industrial para aumentar su productividad, aunque su mayor desafío es contar con recursos suficientes para lograr sus sueños. En la actualidad está aplicando a un credikiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, mediante el cual comprará, 2 computadores y materia prima como arroz, aceite etc. con el fin de incrementar su productividad y hacer de su credikiva una inversión exitosa.

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
  • 244
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,857.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Yolanda to purchase two computers and raw materials, like rice, cooking oil etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2014
Listed
Jul 28, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2015