Check out some available loans that are similar to this one!
Nailan
Nailan Fernández D. T. is 53 years old and lives in the Bajera neighborhood of San Jacinto, in Bolívar department. She makes backpacks and bags by hand and she also buys and sells bedspreads. Nailan is a single mother and has 3 children aged 26 to 37. She has managed to get her children ahead in life through the work she does in her business. She hopes to make her business more prosperous every day, working hard to achieve good savings so that she can buy her own home. Although her biggest challenge has been to educate her children without her partner by her siD., that is now a problem from the past because her children are all grown up and working themselves to get their own families ahead.

This is Nailan's first loan with Fundación Mario Santo Domingo. She will use this Kiva loan to buy materials and supplies for making her backpacks and bags which she already has orders for. She will also buy merchandise such as bedspreads, dresses and hand-crafted sandals. With this investment, she will make a gross profit of 48%.

Nailan is requesting her loan during this season because she makes her largest number of sales from December to February, owing to the large number of tourists who arrive in her town on vacation or who pass by on the road and stop to buy from her. She accomplishes her large sales potential with the support of her daughter who travels to the cities of Barranquilla and Cartagena where she has her largest number of regular customers. She takes them backpacks which her mother has maD. by hand together with other handicrafts which she buys in the town and then sells in these two cities.
View original language description ↓
Nailan Fernández D. T. D. 53 años D. edad vive en el barrio la Bajera del municipio D. San Jacinto en Departamento D. Bolívar se dedica elaborar con sus propias manos mochilas y bolsos y también compra y venD. cubre lechos, en su condición D. madre soltera y con 3 hijos en las edades D. 26 a 37 años ha logrado sacarlos adelante mediante su trabajo en su negocio con el que sueña cada día hacerlo más prospero trabajando mucho para lograr unos buenos ahorros con el fin D. tener su propia casa. Aunque su mayor desafío ha sido la educación D. sus hijos sin la pareja a su lado, hoy es cosa del pasado porque ya ellos son mayores D. edad y están trabajando entre todos para lograr sacar a su familia adelante. Este es su primer financiamiento con la Fundación Mario Santo Domingo, con este su credikiva comprará materiales como hilos e insumos para la elaboración D. mochilas y bolsos que tiene encargados y comprar mercancía como cubrelechos , vestidos y sandalias artesanales; con esta inversión generará una utilidad bruta D. 48% y la solicita en esta temporada teniendo en cuenta que su mayor volumen D. ventas se reflejan en los meses D. Diciembre a Febrero, por el importante numero D. turistas que llegan a esta población D. vacaciones o pasan por su carretera y se detienen a comprar. Su mayor potencial D. venta lo logra apoyada por su hija, que viaja a las ciudades D. Barranquilla y Cartagena donD. tiene su mayor número D. clientes fijos , a los cuales les lleva mochilas tejidas por las manos D. su madre y otras artesanías que compra en el pueblo y venD. en estas dos ciudades.

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
  • 466
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,905.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Nailan to buy materials and supplies for making backpacks and bags which she has orders for. To buy merchandise such as bedspreads, dresses and hand-crafted sandals.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 30, 2010
Listed
Nov 29, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011