Check out some available loans that are similar to this one!
Luz Marina
Luz Marina is a 46 year-old woman who lives in Soledad, a town which is located 10 minutes from the city of Barranquilla. She lives with her four children who are aged between 10 and 25. Luz Marina makes clothes such as sweaters, jeans, blouses and casual clothes in general. She started her business one year ago when she stopped working as a company employee and started fulfilling her entrepreneurial dream, so that she could spend more quality time with her children.

When she used to work for a company, Luz Marina would make the most of the fact that there were a lot of workers and would sell them merchandise on credit. She managed to build up a customer base and these customers currently buy the beautiful clothes that she makes. This Kiva loan is Luz Marina's first loan from Fundación Mario Santo Domingo and she will use it to buy an industrial sewing machine and materials for making knitted clothes. Her big dream and challenge is to strengthen her business and make more income.

Luz Marina mainly assembles sweaters and t-shirts. In her spare time, she makes her own products which she sells in neighboring areas. She also sells catalog products and general merchandise to order. Her biggest challenge is managing to capitalize her dressmaking business as her financial statements show a fledgling business with low sales but which is supplemented with additional income from the clothes assembly work and the merchandise she sells to order. Luz Marina's financial indicators show a stability in her business and favorable conditions for the investment of her Kiva loan.
View original language description ↓
Luz Marina es una mujer de 46 años que vive en Soledad, municipio a 10 minutos de la ciudad de Barranquilla, con sus 4 hijos en las edades de 10 a 25 años. Ella está dedicada a la confección de ropa como suéteres, jeans, blusas y en general ropa informal, en un negocio que inició hace un año, cuando dejó de trabajar en una empresa como empleada y se dedicó a cumplir su sueño emprendedor, para lograr un tiempo de calidad al lado de sus hijos. Luz Marina cuando trabajaba en una empresa también aprovechaba el gran número de trabajadores de esta, para venderles mercancías a crédito, con las que logró iniciar la clientela principal que en la actualidad le compra hermosos vestidos confeccionados por Luz Marina. Su credikiva es el primer financiamiento que hace a la Fundación Mario Santo Domingo, con el comprará una maquina industrial de confecciones y telas para la producción de ropa en tejido de punto. Su gran sueño y desafío es fortalecer su negocio y generar cada vez más ingresos. Luz Marina trabaja especialmente en la línea de suéteres, blusas de franela, lo cual en su mayoría funciona tipo maquila. En tiempos libres elabora productos propios que vende en sectores aledaños; además de comerciar con productos por catálogo y mercancías en general por encargo. Su mayor desafío es lograr capitalizar su negocio de confecciones, pues sus estados financieros muestran un negocio incipiente con ventas bajas, pero se compensa por los ingresos adicionales de maquila y las mercancías por encargo. Los indicadores financieros, muestran una estabilidad en el negocio, y condiciones favorables para la inversión de su credikiva.

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
  • 474
    View loans »
    Colombia Loans Fundraising
  • $15,265,400
    Funds lent in using Kiva
  • 1,760.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Luz Marina to buy an industrial sewing machine and materials for making knitted clothes.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2011
Listed
Jul 18, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013