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Benedicta Isabel
Benedicta Ballesta lives in Turbaco, within the city of Cartagena, and she makes and sells various items. Her business really began when she was a little girl because she’s always been creative and dedicated to this activity. She was able to acquire her first sewing machine with her savings, now that she has finished raising her children who are well educated and established in university. She did it by doing what she loves the most, making things. Now she wants to do the same for her two grandchildren, ages 6 and 8, whom she cares for.

As part of her business, she makes clothing of every style and she agrees that she needs to continue to work in order to continue to solidify her position in the market. This will be her second loan through Fundación Mario Santo Domingo and she is returning to the Kiva loan queue because she needs to buy dressmaking supplies and materials. She has some orders to fill and also wants to have a variety of items on hand that her best customers have requested.

Since having received her first loan, she has been able to keep a better inventory and is able to respond quicker to her customers’ requests. Her profits have also increased, and this helps her pay her grandchildren’s expenses.

Her short term goal is to acquire a more modern sewing machine, so that she can decrease her production times and improve the quality of her clothing. Even though this reduces her business’ operating costs she has to pay for overlocking [An overlock stitch sews over the edge of one or two pieces of fabric.] Her greatest challenge so getting a collar machine is a short term goal.
View original language description ↓
Benedicta Ballesta es una mujer que vive en Turbaco, Municipio D. Cartagena y se dedica a las confecciones y ventas D. mercancía.
Su negocio inició desD. muy niña porque siempre ha sido muy creativa y dedicada a esta actividad; adquirió su primera máquina D. coser con sus ahorros y ha levantado a sus hijos que son muy educados y ya formados en la universidad, justamente haciendo lo que mas le gusta: la confección, y así mismo quiere apoyar a sus dos nietos en las edades D. 6 y 8 años a su cargo.
En su negocio confecciona ropa D. todo estilo y afirma que es necesario seguir trabajando para continuar afianzándose en el mercado. Este es su segundo crédito con la Fundación Mario Santo Domingo y recurre a la línea credikiva, porque quiere comprar materias primas e insumos para confeccionar vestidos para damas, que tiene encargados y surtirse un poco D. mercancías que le han solicitado sus mejores clientes. DesD. su primer crédito siente que maneja mejores inventarios y es mas oportuna en dar respuesta a sus clientes, igualmente ha aumentado su utilidad y esto la ayuda en los gastos D. sus pequeños nietos.
Tiene como meta adquirir maquinaria con mayor tecnología D. tal manera que disminuya los tiempos D. producción y aumenta la calidad D. sus prendas en cortos plazos, además D. disminuir los costos operacionales D. su negocio pues tiene que pagar por la tarea D. fileteo. Este justamente es su mayor desafío: adquirir una máquina collarína a corto plazo.

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
  • 390
    View loans »
    Colombia Loans Fundraising
  • $16,237,875
    Funds lent in using Kiva
  • 1,840.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Benedicta Isabel sewing machine.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jul 30, 2010
Aug 1, 2010
Currency Exchange Loss:
Dec 15, 2011