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Nelly
Nelly, 46, lives in the town of Soledad with her spouse and two children who are 21 and 25 years of age. Her great dream about them is seeing them triumph. Nelly is a dressmaker and also sells dressmaking supplies. Her business operates in a locale in downtown Soledad and has four sewing machines and five display cases to exhibit the products. Her Kiva loan is the first loan Nelly’s gotten from Fundación Mario Santo Domingo and she’ll use it to buy raw materials, supplies and an industrial sewing machine.

Her gross profit is 31% and her net profits are sufficient to repay the loan. Most of her expenses are operational. She pays cash for her purchases and inventory turns over in 32 days while she gets the credit she offers repaid in 15 days. The business is showing profits over sales no less than 16%. Her dream is to expand the dressmaking as well as to make adjustments to the store where she sells her items.
View original language description ↓
Nelly de 46 años vive en el municipio de Soledad con su cónyuge y sus dos hijos en las edades de 21 y 25 años, con ellos tiene sus más grande sueño de verlos triunfantes. Nelly confecciona prendas de vestir y también tiene un almacén de ventas de artículos para modistería. Su negocio funciona en un local ubicado en el centro de Soledad y cuenta con 4 máquinas de coser y 5 vitrinas para exhibir los productos. Su credikiva es el primer financiamiento que recibe Nelly de la Fundación Mario Santo Domingo, con el comprará materia prima e insumos y una máquina de coser industrial. Su margen de contribución es del 31% y maneja una utilidad neta que le permite cubrir su crédito. La mayor parte de sus gastos son operativos. Sus compras la realiza de contado y su rotación de inventarios en el negocio de la confección es de 32 días, mientras a ella le pagan los créditos que ofrece a los 15 días. El negocio presenta buena rentabilidad sobre las ventas representada en un porcentaje no menor de un 16%. Su sueño es ampliar su confección y así mismo hacer adecuaciones al almacén donde comercializa los productos de modistería.

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
  • 485
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,778.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Nelly to buy raw materials and supplies and an industrial sewing machine.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2011
Listed
Jul 7, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012