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Mitxy Esther
Mitxy Esther A. Bermúdez is an enterprising young woman who lives with her mother, her husband, and her small, one year old child in the municipality of Soledad. This location is next to the capital, Barranquilla, which is on the northern coast of Colombia.

This small businesswoman decided after finishing high school to start working as a salesperson in various clothing stores. Due to a cut in personal, she was let go. That is when she proposed to her mother, a veteran seamstress, that they team up to make casual women’s clothing like multiuse garments, lycra pants, and blouses.

Currently Mitxy and her mother’s small shop has a sewing machine and an overlocking machine. Orders have increased so much that she is thinking of buying another machine and hiring a worker. Mitxy is in charge of selling the merchandise in commercial areas in the center of Soledad. Some of the stores where she worked are now her customers.

This is the third loan she has requested from the Fundación Mario Santo Domingo, and it is her first Kiva loan. She has always been characterized by her punctuality. She plans to use the loan to buy fabric, thread, lace, and accessories. Her monthly sales volume is $2,000. Her profit margin is approximately 40%. During the end of the year season sales will increase considerably.

Mitxy dreams of opening an establishment for the public where she would be able to sell all of her products. She is not afraid of the competition because it is not easy to offer quality garments at low prices like she does.
View original language description ↓
La señora Mitxy Esther A. Bermúdez es una joven emprendedora que vive con su madre, su esposo y su pequeño hijo de un año en el municipio de Soledad. Esta localidad es vecina de la capital Barranquilla en la costa norte de Colombia. La microempresaria después de terminar sus estudios de secundaria empezó a laborar como vendedora en varios almacenes de ropa. A raíz de un recorte de personal fue despedida y fue entonces cuando le propuso a su madre, que es una veterana modista, asociarse para producir ropa casual femenina como: multiusos, pantalones de licra y blusas. Actualmente, el pequeño taller de Mitxy y su madre cuenta con una máquina de coser familiar y una fileteadora. Los pedidos han aumentado tanto que están pensando en comprar otra máquina y contratar una operaria. La joven Mitxy se encarga de comercializar la mercancía en locales comerciales del centro de Soledad. Algunos de los almacenes en los cuales ella trabajó son ahora sus clientes. Este es el tercer préstamo al que aplica con la Fundación Mario Santo Domingo y su primer Credikiva. Siempre se ha distinguido por su puntualidad y planea invertirlo en la compra de telas, hilos, encajes y accesorios. El volumen de ventas mensuales es de $ 2.000.000 y el margen de utilidad es aproximadamente del 40%. En la temporada de fin de año las ventas se incrementan considerablemente.
Mitxy sueña con abrir un establecimiento al público en el cual pueda ofrecer todos sus productos. Considera que no le teme a la competencia porque no es fácil ofrecer prendas de buena calidad a precios bajos como ella lo hace.

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
  • 277
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,881.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Mitxy Esther to buy fabric, thread, lace, and accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 24, 2010
Listed
Nov 23, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011