Check out some available loans that are similar to this one!
Mary
Mary lives in the town of Soledad. She is a widow and has three children aged 21 to 25. Mary makes work uniforms and especially medical uniforms which are used in clinics and hospitals. She works with contacts from her son, who is a doctor, and her daughter, who is a flight attendent. Mary already had a lot of experience in the dressmaking field when she set up her business as she worked for some time with important designers in the city. This Kiva loan is her first loan through Fundación Mario Santo Domingo. She will use it to buy an overlock sewing machine, to carry out some structural work and to buy fabrics, threads, buttons and zippers, to increase the quality of her products and her production volume.

Mary's business shows good financial conditions for this investment since her sales volume is offset by her quality and price. She also manages accounts receivable from regular customers as well as from the custom-made pieces that customers in her own neighborhood request. Her financial indicators show a stability in her business and favorable conditions for investment. Her dream is to manage to fully grow her business and have a future sustainability that reflects an increase in her family's well-being.
View original language description ↓
Mary vive en el municipio de Soledad y en su condición de viuda tiene 3 hijos en las edades de 21 a 25 años. Ella se dedica a la producción de uniformes de oficina y especiales anti fluidos que son utilizados en clínicas y hospitales lo cual funciona con contactos de su hijo que es médico, y su hija quien es auxiliar de vuelo. Mary para iniciar su negocio contó con mucha experiencia en el sector de las confecciones, ya que trabajó durante un tiempo con importantes diseñadoras de la ciudad. Su credikiva es el primer financiamiento que hace a la Fundación Mario Santo Domino, con el comprará una maquina fileteadora. Realizar adecuaciones locativas a su negocio y comprar telas, hilos botones y correderas, para aumentar la calidad de sus productos y el volumen de producción.
El negocio de Mary muestra sus los estados financieros con buenas condiciones para la inversión, ya que el volumen de ventas es compensado por calidad y precio; además de manejar cuentas por cobrar de sus clientes que ya son fijos, y de las confecciones sobre medida que le solicitan clientes en su propio barrio. Los indicadores financieros, muestran una estabilidad en el negocio, y condiciones favorables para la inversión. Su sueño es lograr el pleno crecimiento de su negocio, lo mismo que una sostenibilidad futura que responda totalmente al aumento de su bienestar familiar.

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,760.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Mary to buy an overlock sewing machine, to carry out some structural work and to buy fabric, threads, buttons and zippers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2011
Listed
Aug 1, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2013