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Maria Isabel
María Isabel Rúa M. has two children in their 20s and 30s. She lives in Palmar de Varela, a town on the Magdalena river delta in the east of Atlantic State. Although she makes clothing now, she first started in business selling beauty products, pursuing her dream of independence. Eventually, by making the most of a little she inherited from her family, María set up her tailoring business. She makes men's trousers, girls' dresses, bed covers - and other garments, whatever is fashionable and whatever her customers request.

This is María's secoond loan with Fundación Mario Santo Domingo. She has develeoped a good relationship with this organisation because they financed her loan at an affordable interest rate and on a fair payment plan. She is seeking the loan of $1025 to buy fabric and have her sewing machines overhauled and repaired. Ultimately María aims to buy a more advanced sewing machine so that she can take on bigger projects, but she will wait as this would be too large an investment at present. For now her goal is to involve her daughter in the business and take on more work. María is optimistic that this will happen.
View original language description ↓
María Isabel Rúa M. vive tiene dos hijos en las edades de 20 y 30 años en Palmar de Varela, Municipio ubicado sobre la delta del Río Magdalena, al oriente del Departamento del Atlántico ; allí se dedica a la elaboración de prendas de vestir; ella aún recuerda cuando inició su negocio buscando su sueño de ser independiente, asì fuè como ensayó vendiendo productos de belleza y finalmente aprovechando su herencia empírica heredada de su familia, hace varios años montó su negocio de confección, donde fabrica pantalones para hombres, vestidos para niñas, cubre lechos y otras prendas de vestir de acuerdo a la época y a lo que sus clientes le pidan.
Este es su Segundo crédito con la Fundación Mario Santo Domingo, organización con la que ha obtenido un cambio positivo porque le financiaron su capital de trabajo con intereses cómodos y un buen plan de pagos. En la actualidad necesita comprar telas, repotenciar y reparar sus maquinarias, razón por la cual solicita un crédito por valor de $ 1.900.000 COP
Su principal desafío es comprar una maquinaria avanzada para hacerse cargo de una producción mayor, pero María debe esperar porque es un capital importante el que necesita para éste propósito. Ahora su principal meta es lograr integrarse a una hija a su mismo negocio y obtener una mayor producción y ella está a la expectativa de que esto pase.

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
  • 507
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,890.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Maria Isabel to buy fabric and repair sewing machines.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2010
Listed
Jun 22, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2011