Check out some available loans that are similar to this one!
Rosa Isabel
Rosa L. is married and has three children whose ages range from 21 to 36 years. She makes hand-made crafts that she sells in her own general store. She began these activities based on her own creativity and self-taught skills in the area and the marketplace.

Rosa is a very intelligent woman who takes full advantage of all her knowledge. She is always making items according to the season, the market and their profitability. She adapts quickly to product changes when necessary because she is able to adjust to market requirements. This is what happened previously when she used to make ceramic items but sales became complicated due to high competition. She was able to stay in business learning different manual skills and techniques like the ones she practices today making rag dolls and cloth crafts in her own workshop. She has a machine to manufacture them and a sales point in her own home which she uses quite efficiently in that she added other merchandise like female articles, decorative figures, kitchen decorations, home goods, multiple-use clothing items that also generate profits.

This is her second loan from Fundación Mario Santo Domingo that will be used to buy raw materials and ingredients like: fabric, faces, cotton filling and Christmas decorations for the December sales season. She used her first loan to increase working capital and acquired new customers. She wants to use her Kiva loan to continue growing especially to reach her dream and great challenge of having a large store specializing in her own products.
View original language description ↓
Rosa L. es una mujer casada con 3 hijos en las edades de 21 a 36 años, que elabora con sus manos artesanías y las vende en su propia miscelánea, actividades que inició a partir de su creatividad, conocimiento empirico en el oficio y del mercado que aborda .
Rosa es una mujer muy inteligente que le saca provecho a todos sus conocimientos, por eso en cada momento elabora el producto de acuerdo a la época, al mercado y teniendo en cuenta que le deje utilidades; ella se adapta rápidamente a los cambios de productos cuando es necesario, porque es capaz de ajustarse a los requerimientos de su mercado, así ocurrió cuando fabricaba productos en cerámica y se le complicó la venta por su alta competitividad y ella fue capaz de sostenerse, aprendiendo diferentes tipos de manualidades y técnicas, como las que práctica hoy que es la de elaborar muñecos de trapo y arteanias en tela, en su propio taller, tiene maquina para fabricarlos y un punto de venta en su propia casa, que lo aprovecha efectivamente porque agregó mercancías como articulos femeninos, figuras decorativas, adornos de cocina, detalles para el hoga, multiusos con lo que tambien genera utilidades.
Este es su segundo financiamiento con la Fundación Mario Santo Domingo, con él comprará materias primas e insumos como: telas, caritas, rellenos de algodon y detalles navideños para la venta decembrina. Con su primer crédito aumentó su capital de trabajo, consiguió nuevos clientes y quiere con su credikiva, continuar creciendo especialmente para lograr su sueño y gran desafío que el de tener un almacén especializado en sus propios productos.


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
  • 288
    View loans »
    Colombia Loans Fundraising
  • $13,892,025
    Funds lent in using Kiva
  • 1,823.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Rosa Isabel to buy fabric, faces, cotton filling and Christmas decorations for December sales.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2010
Listed
Nov 1, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011