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Gladys
Gladys O. is a very hard-working and creative woman. She has four children ranging from 19 to 41 years old. She is a widow, and she lives in the city of Cartagena de Indias. This city is on the northern coast of Colombia, and that is where she has her business, “Artesanías Gladis” (Gladis’ Handicrafts).

When she came to Cartagena in 1981 she started making handicrafts in her own home. She sold them to people nearby. She had a business site in the center of the city, but the owners sold the place. She had to close her business.

As Gladys is persistent, she devoted herself to teaching her art. Later she organized handicraft fairs. She established her business again and got customers. Her goal is to get more publicity for her business so that she is able to promote it again. That way she will achieve important growth that will generate greater income.

Gladys lives in a traditional tourist neighborhood with immense colonial houses. It borders upon the Cartagena Bay and a growing commercial sector, which is very close to the city harbor. Her main customers are located in the Manga, Pie de la Popa, and the Bocagrande neighborhoods.

Her liabilities are the accounts to be paid to her providers. Her business is always well stocked. She is now applying for her first loan with the Fundación Mario Santo Domingo. She will use it to buy supplies to make handicrafts that she does not have and are on order. She will also pay her providers in order to get an important discount, which she will use to reinvest.

While she builds her dream she persistently has a profitability of no less that 32%. She gradually intends to increase that amount by winning new customers for her beautiful products.
View original language description ↓
Gladys O. es una mujer muy trabajadora y creativa que tiene 4 hijos en las edades de 19 a 41 años de edad, ella es viuda y vive en la ciudad de Cartagena de Indias, ciudad costera al norte de Colombia, donde tiene un negocio llamado “Artesanías Gladis”.
En 1981 cuando llegó a Cartagena en su propia casa empezó a elaborar las artesanías y venderlas a personas muy cercanas, ella tenía un local comercial en el centro de la ciudad pero sus propietarios vendieron la infraestructura y debió cerrarlo, como Gladys es persistente se dedicó a la pedagogía enseñando su arte y posteriormente organizó ferias artesanales y volvió a ubicarse y a conseguir su clientela; su meta es darle mayor publicidad a su negocio para que pueda promocionarlo nuevamente y lograr un crecimiento importante que le genera mayores ingresos . Gladys vive en un barrio tradicional y turístico provisto de inmensas casas coloniales, aledaño a la Bahía de Cartagena y a un sector comercial en crecimiento que se encuentra muy cercano al puerto de la ciudad. Sus clientes principales están ubicados en los barrios Manga, Pie de la Popa y en Bocagrande. Sus pasivos están representados en cuentas por pagar a proveedores y su negocio permanentemente está bien surtido; en la actualidad está aplicando a su primer financiamiento con la Fundación Mario Santo Domingo con el cual comprará insumos para elaborar artesanías que no tiene en existencia y sobre un pedido, y además pagará a sus proveedores para ganarse un importante descuento que le servirá para reinvertirlo, mientras Magaly construye su sueño trabaja persistentemente con una rentabilidad no menor del 32% , que gradualmente se propone incrementar conquistando nuevos clientes de sus hermosos 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
  • 265
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,789.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Gladys to buy supplies to make handicrafts that she does not have and are on order, and to pay her providers to get an important discount.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2011
Listed
Apr 30, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012