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Mercedes
Mercedes M. M. is a 70 year old woman with a goal of having a store for women's and children's dresses. These dresses will include classic cuts, formal and informal designs as well as costumes that would vary with the sales season. She is a woman who knows how to take advantage of the moment with her creativity in order to have consistent sales.

For the past 35 yeas Mercedes has had a business selling women's and children's clothing, She started by noticing the possibility of making a quality product with little startup capital in her town of Juan de Acosta. Since that time she has had her current business selling women's and children's clothing in Santa Marta and Cartagena for which the fabric has been purchased, designs created, and sewn in her home town. Every Saturday she sends orders to these town which are purchased on 8-15 day credits.

She recently made children's costumes since Halloween is drawing near and she is anticipated her clients' needs. Her Kiva loan is her 7th through Fundacion Mario Santo Domingo. She will use the loan to buy fabric, related goods, as well as to pay labor costs. In her 3 years as a client, Fundacion has noted the steady growth in her operating capital through the loans and her business skills.

Mercedes lives with her niece, as she is widowed and has no children. She is adamant in her dream of having a store to sell her goods to the public, since the competition pushes her to be more creative and offer more variety to sustain the business and react to her loyal (more than 20 years) and deserving customers' needs.
View original language description ↓
Mercedes M. M. es una mujer de 70 años y con sueños muy firmes, pues tiene como meta el montaje de almacén para exhibir vestidos femeninos e infantiles, en las líneas clásicas, formales e informales y disfraces, adaptandose a los requerimientos que trae cada época a nivel comercial, porque ella aprovecha muy bien cada momento para desplegar su creatividad y vender permanentemente.

Mercedes desde hace 35 años, tiene el negocio de comercializar ropa femenina e infantil, negocio que inició al observar en las actividades de su pueblo, Juan de Acosta, un potencial de confecciones femenina dedicado a este oficio, produciendo con buena calidad, pero con poco capital de trabajo para hacer una oferta comercial; desde ese momento concibió el negocio que ahora tiene: "comercializar en las ciudades de Santa Marta y Cartagena ropa femenina e infantil, mediante el sistema de comprar la tela diseñar la moda y mandarla a fabricar en los talleres de su pueblo natal. Es así como todos los sábados envía los pedidos a estas ciudades, que son cancelados mediante un credicontado de 8 a 15 días. En la actualidad fabricó disfraces para niñas porque se acerca el día de los niños y Halloween y está preparada para responder a sus clientes; su credikiva es el séptimo financiamiento que recibe de la Fundación Mario Santo Domingo, con él comprará telas, e insumos y pagara la mano de obra a las confeccionistas con las cuales trabaja. En sus tres años de ser clienta de la Fundación ha notado el incremento constante de su capital de trabajo, mediante sus créditos y su capacidad de hacer negocios.

La señora mercedes vive con su sobrina pues es viuda y no tuvo hijos, e insiste en alcanzar su sueño de tener un almacén para vender los productos al publico, pues la competencia todos los días la inspira para que desarrolle su creatividad ofreciendo alternativas que le permiten la sostenibilidad de su negocio y responderle como lo merece a su fiel clientela que desde hace mas de veinte años le compra .

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
  • $13,600,025
    Funds lent in using Kiva
  • 1,801.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Mercedes purchase fabric and accessories as well as pay labor for the sewers she works with.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 15, 2010
Listed
Sep 24, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2011