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Mercedes
51-year old Mercedes Ramírez lives in the town of Cartagena and has four children aged 13 to 29. She is a native of Puerto Leguizamón in Putumayo department, a part of the Amazon region of Colombia, but came to Cartagena with her parents. It was here that she met her husband and had her children.

She started her business after she separated from her husband and began studying design and sewing. She decided to put all her efforts into helping her family get ahead by means of her own business called “Confecciones Mercedita”.

Her future goal is to have a permanent place in which to show her designs, but a big problem is the lack of capital to achieve this. For this reason she approached the Mario Santo Domingo Foundation for her first loan. With the money she plans to buy an industrial serger (kind of sewing machine) and other supplies so she can increase production and start on the road to fulfilling her dream.
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Mercedes Ramírez de 51 años vive en la ciudad de Cartagena y tiene 4 hijos en las edades de 13 a 29 años; ella es oriunda de Puerto Leguizamón en el departamento de Putumayo , que hace parte de la región amazónica de Colombia, de donde llegó a Cartagena acompañada de sus padres , lugar donde contrajo matrimonio y nacieron sus hijos. Su negocio nació después de la separación de su esposo y se dedicó a estudiar diseño y confección, pues resolvió hacer todos los esfuerzos con tal de sacar adelante a su familia, de una forma autónoma, mediante su negocio “Confecciones Mercedita”, Su meta más adelante es tener una infraestructura solida con un local para exhibir sus diseños, pero su gran desafío es el capital de trabajo con el que cuenta para lograrlo. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo con el cual comprará una fileteadora industrial con puntada de seguridad y materias primas para aumentar su producción e iniciar el camino al cumplimiento de su sueño.

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
  • 364
    View loans »
    Colombia Loans Fundraising
  • $14,070,600
    Funds lent in using Kiva
  • 1,745.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Mercedes to buy an industrial serger (kind of sewing machine) and other supplies.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2011
Listed
Jul 21, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012