Check out some available loans that are similar to this one!
Carmen Alicia
Carmen A. is a 35-year-old woman who lives in a town in the Bolívar municipality where handicrafts are part of the region’s economic culture. There she works weaving vertical hammocks, bags, and backpacks that she makes herself with her hands. She learned this work from her mother-in-law many years ago and since then has worked at this. Her home is made up of her husband, a big admirer of her weavings, who works as a teacher and between the two of them they support the maintenance of their home where they have three children between the ages of two and 16-years-old. Carmen is a woman who enjoys business and is always looking for new customers. Her limited working capital doesn’t allow her to respond to orders in a competitive manner because she often has to go to the stores selling materials because she doesn’t have them. Her customers are located in the city of Barranquilla and she also has tourist customers who she always tries to meet the needs of, though sometimes without getting the good selling prices she would like. Carmen has received two loans from the Mario Santo Domingo Foundation and with these has been able to increase her working capital and add a business selling cell phone minutes as another way to generate additional income. With her credikiva she will buy basic materials to make hammocks, bags, and backpacks. She has family members in Barranquilla who help her sell her products and who have requested orders. Her biggest challenge is responding to her customers with the designs that they request, because of this she works every day to increase her working capital while increasing her profits which are at or above 52%.
View original language description ↓
Carmen A. es una mujer de 35 años de edad que vive en una población del municipio de Bolívar, donde las artesanías son parte de la cultura productiva de esa región, allí se dedica a fabricar en tejido vertical hamacas, bolsos y mochilas que hace con sus propias manos; esta actividad la aprendió de su suegra hace muchos años y desde hace dos se dedico a ella. Su hogar está conformado por su esposo, gran admirador de sus tejidos, que se desempeña como profesor y entre los dos apoyan el sostenimiento de su hogar, en el que tienen tres hijos en las edades de 2 a 16 años.
Carmen es una mujer que le gusta el negocio y siempre está en la búsqueda de nuevos clientes, su poco capital de trabajo no le deja responder a los pedidos de una manera mas competitiva, porque muchas veces debe acudir a los almacenes de venta de estos productos, cuando no cuenta con ellos; sus clientes se encuentran en la ciudad de Barranquilla y también cuenta con turistas, a los que siempre se esmera por cumplirles, aunque algunas veces no lo hace con los buenos precios de venta que ella quisiera. Carmen ha recibido dos créditos de la Fundación Mario Santo Domingo y con ellos ha logrado incrementar su capital de trabajo y adicionar un negocio de venta de minutos a celulares, como otra forma de generar ingresos adicionales. Con su credikiva, comprará materia prima para hacer hamacas, bolsos y mochilas, pues tiene familiares en Barranquillas que le ayudan con la venta de sus productos y han solicitado pedidos. Su máximo desafío es poder responderle a sus clientes con los diseños que ellos exigen, por eso cada día trabaja para aumentar su capital de trabajo, mientras aumenta su rentabilidad que es no inferior a un 52%.

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
  • 500
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,837.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Carmen Alicia to buy string and materials for production.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2011
Listed
Apr 8, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012