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Jenny Paola
For Jenny PaoL. S. her parents’ experience in micro export has been very valuable in her development as a young entrepreneur: she designs and manufactures her own line of leather wallets, purses and accessories. At the age of 27 she has quite a bit of future projection and vision from the city of Bogotá to the world; she lives in this capital city’s San Fernando neighborhood and it is here where she is making her first inroads.

She is currently applying for her 4th loan which she’ll use to buy leather and its derivatives as well as other raw materials to launch a new collection of purses, wallets and cellular phone carrying cases.

When Jenny started out in 2000 she trained as a designer and then started out with a firm first step: she was an exhibitor at the 2006 Exporartesanias Fair where she showed a line of diversified products like coin purses and cell phone carrying cases. Gradually she has been expanding citywide.

She is a client of Fundación Mario Santo Domingo and has used loans to buy equipment that has drastically reduced her production time; her products have become known in the Dominican Republic.

Her greatest dream is to establish herself in foreign markets, to continue expanding and becoming known in other parts of the world.

Her greatest challenge is the fluctuations in value of the dollar and often not having sufficient capital available to fill all the orders she has from important Colombian customers.
View original language description ↓
Para Jenny PaoL. S. L. experiencia de sus padres en micro exportación, ha sido valiosa para su desempeño como joven emprendedora que diseña y fabrica sus propias carteras, bolsos y accesorios principalmente elaborados en materiales de cuero. ElL. a sus 27 años tiene mucha proyección y visiona un futuro promisorio desde L. ciudad de Bogotá para el mundo, pues vive en el barrio San Fernando de esta capital, desde donde hace sus primeros intentos. En L. actualidad está aplicando a su cuarto crédito, que invertirá en L. compra de cuero y sus derivados e insumos pues quiere sacar nueva colecciòn de bolsos, carteras y porta celulares. Cuando Jenny inició en el año 2.000 se capacitó como diseñadora y entró con pie firme participando como expositora en L. feria exporartesanias en el año 2006, donde pudo llevar productos diversificados, entre bolsos monederos y porta celulares, que poco a poco se han ido expandiendo en toda L. ciudad.
ElL. es una cliente de L. Fundación Mario Santo Domingo, que con sus créditos logró aumentar su capital de trabajo y comprar una maquina plana devastadora con L. que redujo su tiempo en L. producción, gradualmente sus productos son conocidos también en República Dominicana. Su mayor sueño es abrir mercado en otros países, seguir expandiéndose y dándose a conocer en otras partes del mundo.Su mayor desafío son las fluctuaciones que ocurren con el precio del dollar y muchas veces el no tener suficiente capital de trabajo para producir y cumplir con pedidos importantes que hacen clientes en Colombia.

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
  • 266
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 2,000.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Jenny Paola to buy leather and its derivatives as well as raw materials to launch a new collection of purses, wallets and cellular phone carrying cases.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2010
Listed
May 8, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011