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Nancy
Nancy, 62, is the owner of a clothes making workshop located in her home at Villa Paraiso, a suburb of Barranquilla where her three children, aged 33 to 38 years old, were born. From an early age Nancy enjoyed sewing and that's why she trained in it. She started her business 40 years ago in this same spot. She started with a sewing machine owned by her family. Today her business structure includes an additional 4 industrial sewing machines. Her daughter-in-law helps her and during busy times she contracts workers to meet the demand from her clients. In her business she makes women's dresses and also offers made-to-measure services. Clients bring her the materials needed so she can make the fashionable items each of them demands.

The returns of her business have allowed her to make improvements to her home, which used to be built in wood. This Kiva loan is her first one with Fundacion Mario Santo Domingo and she will use it to buy fabric, thread, lace and accessories to fulfil orders for women's dresses that she has already received. Her goal is to improve the distribution of her infrastructure even further, so that the workshop is located in separate premises. In the meantime, Nancy continues to work and to generate a profit no less than 45%.
View original language description ↓
Nancy de 62 años es la propietaria de un taller de confecciones que tiene ubicado en su casa de Villa Paraíso, un barrio de la ciudad de Barranquilla donde nacieron sus 3 hijos, hoy en las edades de 33 a 38 años. Nancy desde muy niña se inclinó por el arte de confeccionar y por eso lo aprendió y desde hace 40 años emprendió su negocio el cual está ubicado en este mismo lugar. Ella inició con una maquina familiar y en la actualidad su estructura de negocio la integran 4 máquinas industriales más, en su taller participa su nuera quien la apoyo y en épocas de ventas altas contrata operarias, para poder responder a su clientela. En su negocio confecciona vestidos para damas y también ofrece el servicio de costura sobre medidas, a quienes le traen la materia prima e insumos para que ella trabaje las modas que cada cliente solicita. Con el producto de su negocio ha logrado hacer adecuaciones a su vivienda, que en un principio era de madera. Su credikiva es el primer financiamiento con la Fundación Mario Santo Domingo y con él comprará telas, hilos, encajes y accesorios para fabricar vestidos para damas que tiene encargados. Su meta más adelante es hacer una mejor distribución de su infraestructura, para que su taller esté ubicado en un local separado. Mientras esto ocurre Nancy continua trabajando y generando una utilidad no menor del 45% .

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
  • 303
    View loans »
    Colombia Loans Fundraising
  • $13,796,725
    Funds lent in using Kiva
  • 1,812.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Nancy to buy fabric, thread, lace and accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2011
Listed
May 18, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012