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Mary Margoth
Fourteen years ago Mary E. S., 40, was widowed and this presented the greatest challenge of her life, as she had to take responsibility for her family and for the store that her husband left behind and that she could not keep going.

Mary, persistent in her work, managed to develop a workshop where she makes clothing and sells handicrafts to support her family. Today her business is well recommended in the municipality of San Jacinto (in the Bolivar department) and this has made it possible for her 4 children, ages 22 to 30, to enter a profession.

This is the 5th loan that she has received from the Fundación Mario Santo Domingo, and she is applying for a sum of $2,300 to buy fabrics to make school uniforms and to buy hammocks so that she can fulfill her orders. She became a client of this organization in 2004, receiving a loan of $1,500 to increase her working capital. This helped her to attract new customers and she has been gradually increasing her customer base up until the present. With this business she was able to increase her economic resources and this has helped her so much in improving her business and also with the education of her children.

Her dream is to continue to make progress in her business; she aspires to open a store once her children finish their studies, and later to have her own house, which she has not had since her husband died.
View original language description ↓
Cuando hace 14 años Mary E. S., de 40 años, quedó viuda se le presentó el mayor desafío de su vida, responsabilizarse por su familia y por el almacén que dejó su esposo y que no pudo continuar.
Mary persistente en su trabajo, logró desarrollar un taller de modistería y comercializar artesanías para sostener a su familia, razón por la cual hoy es bien recomendada en el municipio de San Jacinto-Departamento de Bolívar y ha sido posible que sus 4 hijos de 22 a 30 años puedan seguir una profesión.
Este es su quinto crédito recibido por parte de la Fundación Mario Santo Domingo y está aplicando por un monto de $ 2.300.000 para comprar telas y hacer uniformes escolares, comprar hamacas y poder cumplir sus pedidos. Ingresó como cliente de esta organización desde el año 2004 recibiendo un crédito por valor de 1500.000 estos le han aumentado su capital de trabajo y le han ayudado a atender nuevos clientes y progresivamente ha ido aumentándolos hasta el actual, con ellos fue capaz de aumentar sus recursos económico que le han ayudado tanto en el mejoramiento de su negocio como en la educación de sus hijos.
Su sueño es seguir progresando en su negocio y aspira a que cuando sus hijos terminen de estudiar pueda montar un almacén y mas adelante tener su casa propia porque aun la época en que murió su esposo

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

  • $6,070
    Average annual income
  • 139
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,930.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mary Margoth to buy fabric to make school uniforms and to buy hammocks to sell.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 26, 2010
Listed
Feb 25, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011