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Rosa Luz
Rosa Luz is a dressmaker who makes women's and children's clothes. She lives and has her business in Ciudadela 20 de Julio which is a neighborhood where commercial and residential areas mix. It is also the home to sporting and recreational grounds, the most important of which is the city of Barranquilla's Estadio Metropolitano where Colombia's professional teams play soccer. Soccer is a sport that unites the whole country but especially the people who live in the warm city of Barranquilla and on the north coast of Colombia.

Rosa Luz started her dressmaking business in 2001 although her experience in this art dates back to 1977. Over time, she has perfected her techniques. She makes good-quality clothes and, for this reason, she has loyal customers which is important because Rosa's greatest challenge in her business is the competition who make inroads into the trade with short-lasting prices and products.

This is Rosa's first loan and she needs it to buy fabrics, thread, lace and buttons in large quantities so that she can obtain special discounts. Rosa's fixed business assets are a sewing machine, an overlock sewing machine and various tools which are all located on the second floor of her home. Rosa's main customers are people who have traditionally been served by her: neighbors and family members. She offers her products for cash or on credit.

Rosa Luz works with one of her five children in her small business and her goal for the future is to acquire an industrial sewing machine so that she can improve her production times and the quality of her business. This will enable her to improve her income and productivity and, as a result, her family's quality of life. This is still her big challenge.
View original language description ↓
Rosa Luz es una confeccionista de ropa femenina e infantil que vive y tiene su negocio en la Ciudadela 20 de Julio, un barrio donde interactúa lo comercial, residencial donde también están ubicados escenarios deportivos y recreativos, entre los cuales se destaca el Estadio metropolitano de la ciudad de Barranquilla, donde los equipos profesionales de Colombia practican el futbol, que es deporte que concentra a todo el país pero especialmente a quienes viven el la cálida ciudad de Barranquilla y la costa norte de Colombia.
Rosa Luz inició su negocio de confecciones en el año 2001, aunque su experiencia en este arte data desde 1977, época desde la cual ha ido perfeccionando sus técnicas con el transcurrir del tiempo, desarrollando una buena calidad en las prendas que elabora y por eso sus clientes la prefieren y esto hace importante el trabajo que Rosa desarrolla porque su mayor desafío es la competencia, la cual incursiona con precios y productos de poca durabilidad. Este es su primer financiamiento y requiere comprar telas, hilos, encajes y botones en mayor volumen, para obtener descuentos especiales. Sus activos fijos asociados al negocio son una máquina de coser, una fileteadora y herramientas varias, ubicadas en el segundo piso de su vivienda. Los principales clientes de Rosa son personas tradicionalmente atendidas por ella, vecinas, familiares, referidos a los cuales responde sobre pedidos en la modalidad de contado y a crédito.
Rosa Luz trabaja con una de sus cinco hijos en la microempresas y tiene como meta mas adelante adquirir una máquina de coser industrial para aumentar los tiempos productivos y la calidad del negocio, con ello logrará mejorar los ingresos y la productividad y por consiguiente la calidad de vida familiar y es que este es aun su gran reto.


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
  • 183
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,878.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Rosa Luz to buy fabrics, thread, lace and buttons.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2011
Listed
Mar 31, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012